![]() ![]() Helios also represents companies in the healthcare, retail, education, and government industries. Helios currently owns approximately 92% of the outstanding shares (excluding options and warrants) of MoviePass Inc. Helios and Matheson Analytics (HMNY) provide information technology services and solutions that focus on big data, artificial intelligence, business intelligence, social listening, and consumer-centric technology. As part of the transaction, Verizon took a stake in MoviePass stock IN APRIL 2018, HELIOS AND MATHESON ACQUIRED THE MOVIE LISTINGS WEBSITE MOVIEFONE FROM VERIZON’S (VZ) digital media subsidiary Oath Inc. In February 2018, the price further dropped to $7.95 per month for new customers if they paid annually. Another $35 million in advances converted to capital put Helios to 91.8 percent allowing for a merger unilateral initiated by the Helios board. Helios thus ownership stake increased from 62.4 percent to 81.2 percent. MoviePass then converted the advances from debt to capital. Helios advanced MoviePass $55 million from December to February 20, 2018. Under Lowe, the service began to experiment with different pricing models Lowe had been an advisor to the company since 2014. IN JUNE 2016, MOVIEPASS NAMED MITCH LOWE, A FORMER EXECUTIVE OF NETFLIX (NFLX) AND REDBOX, AS ITS NEW CEO. Lowe explained that the company wanted to “bring great films to the big screen across the country for our subscribers”, and that “GIVEN THE SUCCESSES WE HAVE DEMONSTRATED FOR OUR DISTRIBUTOR PARTNERS IN ENSURING STRONG BOX OFFICE IN THE THEATRICAL WINDOW, IT’S ONLY NATURAL FOR US TO DOUBLE DOWN AND WANT TO PLAY ALONGSIDE THEM – AND SHARE IN THE UPSIDE.”MoviePass Ventures’ first acquisition (in partnership with The Orchard), Bart Layton’s American Animals, will be released on June 1, 2018. ON JANUAT THE SUNDANCE FILM FESTIVAL, MOVIEPASS ANNOUNCED THE NEW SUBSIDIARY MOVIEPASS VENTURES, which will co-acquire films with traditional distributors. MOVIEPASS GROWING WAY FASTER THEN GITHUB did, GITHUB HAS 800 EMPLOYEES TO MOVIEPASS 70 EMPLOYEES, GitHub employees are expensive compared to MoviePass. GITHUB HAS ABOUT THE SAME NUMBER OF SUBSCRIBERS AS MOVIEPASS ABOUT 3 MILLION and charge between $9- $20/ month. MICROSOFT (MSFT ) JUST PAID $7.5 BILLION FOR GITHUB A SUBSCRIPTION SOFTWARE CO. WILL NETFLIX, AMAZON OR MICROSOFT BUY MOVIEPASS – CWEB.COM ĬWEB ANALYSTS HAVE ISSUED A BUY RATING FOR HELIOS AND MATHESON ANALYTICS (HMNY) AND A PRICE TARGET OF $20 HMNY: AMAZON, NETFLIX, OR MICROSOFT, A MOVIEPASS BUY VERY POSSIBLE, $20 PRICE TARGET, A WIN-WIN, JUNE 11, 2018ĪNALYSTS ARE NOW BULLISH ON THE STOCK AS DISTRIBUTING FILMS WITH NEW PRODUCTIONS SHOULD BE A WIN-WIN.Ī POTENTIAL BUY IS VERY POSSIBLE FOR MOVIEPASS BY AMAZON(AMZN), NETFLIX (NFLX) OR MICROSOFT (MSFT). ![]()
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