MIAMI & NEW YORK--(BUSINESS WIRE)--Mitch Lowe, CEO of MoviePass Inc., a company that Helios and Matheson Analytics Inc. (NASDAQ:HMNY) has agreed to buy majority stake in, will be a featured speaker at BTIG’s Media Disruptors Event on Thursday, October 12, 2017 in New York City, speaking alongside the top media disruptors in the industry today, including Vice’s Chief Creative Officer, Eddy Moretti and Richard Plepler – Chairman and CEO of HBO, a company owned by Time Warner Inc.
BTIG’s Media Disruptors event will be hosted by BTIG’s own Technology, Media and Telecommunication analysts, Rich Greenfield and Brandon Ross. Attendees will hear from an array of established and emerging private media companies spanning many industries, including movies, news, MVPDs, podcasting, sports, lifestyle media, post-cable networks and online messaging.
Mitch Lowe brings deep insights and a multitude of experience from Netflix and his role as President and COO of Redbox. At Netflix, Lowe facilitated the early studio negotiations and many of the subscriber acquisition programs, such as the integration into Best Buy's point-of-sale systems. At Redbox, Lowe led the teams from zero to $1.5 billion in revenue in eight fast-paced years with over $300 million in EBITDA.
Now, Lowe is revolutionizing the movie going experience with the MoviePass $9.95/monthly subscription price. HMNY + MoviePass together now target the 38mn avid moviegoers, and 246mn casual Moviegoer demographics simultaneously, seeking to achieve and sustain increased theater concession sales and increased studio box office sales numbers.
“I look forward to this conference for many reasons,” said Mitch Lowe. “Speaking with these well-entrenched entertainment executives will be both a pleasure and an honor, and learning what they foresee for this often surprising and ever-evolving industry is sure to help MoviePass remain in the forefront of this exciting revolution.”
MoviePass is a technology company dedicated to enhancing the exploration of cinema. As the nation's premier movie-theater subscription service, MoviePass provides film enthusiasts the ability to attend up to one movie per day for a fixed subscription fee of $9.95/month. The service, now accepted at more than 91% of theaters across the United States, is the nation's largest theater network. For more information, visit www.moviepass.com.
About Helios and Matheson Analytics Inc.
Helios and Matheson Analytics Inc. (NASDAQ:HMNY) is a provider of information technology services and solutions, offering a range of technology platforms focusing on big data, artificial intelligence, business intelligence, social listening, and consumer-centric technology. Its holdings include RedZone Map™, a safety and navigation app for iOS and Android users, a community-based ecosystem that features a socially empowered safety map app that enhances mobile GPS navigation using advanced proprietary technology. Through TrendIt, Helios and Matheson has acquired technology addressing crowd and migration patterns and consumer behavior in real-time. The patented technology predicts population behavior, along with a crowd's population size, origin and destination. HMNY is headquartered in New York, NY and listed on the Nasdaq Capital Market under the symbol HMNY. For more information, visit www.hmny.com.
Additional Information for Stockholders of HMNY about the Proposed Transaction between HMNY and MoviePass and Where to Find It
HMNY plans to file with the SEC and furnish its stockholders with a proxy statement in connection with the proposed transaction with MoviePass and security holders of HMNY are urged to read the proxy statement and the other relevant materials when they become available because such materials will contain important information about HMNY, MoviePass and their respective affiliates and the proposed transaction. The proxy statement and other relevant materials (when they become available), and any and all other documents filed by HMNY with the SEC, may be obtained free of charge at the SEC’s website at www.sec.gov.
In addition, investors may obtain a free copy of HMNY’s filings from HMNY’s website at www.hmny.com or by directing a request to: Helios and Matheson Analytics Inc., Attn: Secretary, Empire State Building, 350 Fifth Avenue, Suite 7520, New York, New York 10118, (212) 979-8228.
INVESTORS AND SECURITY HOLDERS OF HMNY ARE URGED TO READ THE PROXY STATEMENT AND THE OTHER RELEVANT MATERIALS WHEN THEY BECOME AVAILABLE BEFORE MAKING ANY VOTING OR INVESTMENT DECISION WITH RESPECT TO THE PROPOSED TRANSACTION BETWEEN HMNY AND MOVIEPASS.
Participants in the Solicitation
HMNY and its directors and executive officers may be deemed to be participants in the solicitation of proxies from the security holders of HMNY in connection with the proposed transaction between HMNY and MoviePass. Information about those directors and executive officers of HMNY, including their ownership of HMNY securities, is set forth in the annual report on Form 10-K for the year ended December 31, 2016, which was filed with the SEC on April 14, 2017. Investors and security holders may obtain additional information regarding the direct and indirect interests of HMNY and its directors and executive officers in the proposed transaction by reading the proxy statement and other public filings referred to above.
Cautionary Statement on Forward-looking Statements and Other Information in this Press Release
Certain statements in this communication contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 or under Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (collectively, “forward-looking statements”) that may not be based on historical fact, but instead relate to future events, including without limitation statements, regarding the expected completion of the acquisition of a controlling interest of MoviePass by HMNY and the expected benefits to HMNY and MoviePass from completing the acquisition. Statements regarding future events are based on the parties’ current expectations and are necessarily subject to associated risks related to, among other things, the conditions to the closing of the acquisition may not be satisfied (including, without limitation, the requisite equity or equity-linked financing transaction of HMNY with gross proceeds of at least $10 million upon which the MoviePass transaction is conditioned), the occurrence of any event, change or other circumstances that could give rise to the termination of the securities purchase agreement between MoviePass and HMNY, and general economic conditions. Therefore, actual results may differ materially and adversely from those expressed in any forward-looking statements.
Such forward-looking statements are based on a number of assumptions. Although the parties believe that the assumptions made and expectations represented by such statements are reasonable, there can be no assurance that a forward-looking statement contained herein will prove to be accurate. Actual results and developments may differ materially from those expressed or implied by the forward-looking statements contained herein and even if such actual results and developments are realized or substantially realized, there can be no assurance that they will have the expected consequences or effects. Risk factors and other material information concerning HMNY are described in its Annual Report on Form 10-K for the fiscal year ended December 31, 2016 and other filings, including subsequent current and periodic reports, schedules and registration statements filed with the U.S. Securities and Exchange Commission. You are cautioned to review such reports and other filings at www.sec.gov.
Given these risks, uncertainties and factors, you are cautioned not to place undue reliance on such forward-looking statements and information, which are qualified in their entirety by this cautionary statement. All forward-looking statements and information made herein are based on the parties’ current expectations and the parties do not undertake an obligation to revise or update such forward-looking statements and information to reflect subsequent events or circumstances, except as required by law.
The increase in the number of theater seats filled and concession sales resulting from MoviePass’ new $9.95 subscription pricing model provides no assurance that the MoviePass business model will lead to profitability.