Tag Archives: MoviePass

National Enquirer Sold To Indicted Ex-MoviePass Exec

CNBC reports: The National Enquirer, the tabloid at the center of several scandals involving former President Donald Trump, will be sold to a joint venture involving Theodore Farnsworth, the former MoviePass chairman who has been criminally charged with securities fraud. The deal’s price wasn’t disclosed, but Farnsworth, founder of Icon Publishing, told The New York Times that it was a …

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DOJ Charges MoviePass Execs With Securities Fraud

From the Justice Department: An indictment was unsealed today in Miami charging two Florida men for their roles in a scheme to defraud investors of Helios & Matheson Analytics Inc. (HMNY), a publicly traded Florida- and New York-based company that was the parent of MoviePass Inc. (MoviePass). According to court documents, Theodore Farnsworth, 60, of Miami, and J. Mitchell Lowe, …

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MoviePass Parent Settles With FTC On Shady Practices

From the Federal Trade Commission: The operators of the MoviePass subscription service have agreed to settle Federal Trade Commission allegations they took steps to block subscribers from using the service as advertised, while also failing to secure subscribers’ personal data. Under the proposed settlement, MoviePass, Inc., its parent company Helios and Matheson Analytics, Inc. (Helios), and their principals, Mitchell Lowe …

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MoviePass To Finally Shut Down Effective Tomorrow

Variety reports: MoviePass, the long-struggling theater subscription service, finally appears to be down for the count. On Friday, MoviePass notified all of its remaining subscribers that it would be shutting down the service effective Sept. 14, 2019, because “its efforts to recapitalize MoviePass have not been successful to date,” parent company Helios and Matheson Analytics announced. “The company is continuing …

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MoviePass Parent Company Delisted By Stock Exchange

Deadline Hollywood reports: Shares in MoviePass parent Helios & Matheson began trading over the counter today after the beleaguered company was delisted by the Nasdaq. The ouster from the major stock market comes after several warnings relayed in SEC filings in recent months, given that companies cannot have their shares trade below $1 for extended periods. Helios stock has been …

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Cash-Strapped MoviePass May Be On Its Last Legs

Bay Area News Group reports: Is the end near for MoviePass, the popular subscription movie-going service with more than 3 million subscribers? MoviePass experienced “technical difficulties” that prevented many subscribers from using the service Thursday, with its Twitter account saying it was related to its “card-based check-in process.” But the real reason for the technical difficulties? MoviePass ran out of …

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AMC Theatres Launches $20/Month Subscription

The New York Post reports: AMC Theatres, the world’s largest movie theater chain, has unveiled a $20-a-month subscription service to rival the flagging MoviePass. The theater chain on Wednesday announced a new service to its loyalty program, AMC Stubs, allowing subscribers to see up to three movies a week for a monthly fee of $19.95. That’s more expensive than the …

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MoviePass Hits One Million Subscribers

The New York Times reports: MoviePass said this month that it had signed up more than one million subscribers in just four months. It took Netflix more than three years to reach that level when it started selling low-priced subscriptions for DVD rentals in 1999. Spotify was relatively quick, at five months in 2011. It took Hulu 10 months to …

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