Acquisition of Iconic Entertainment Brand from Oath Inc., a Verizon Company, Expected to Fuel Additional MoviePass Subscriber Growth and Expand Advertising Platform
Helios and Matheson Analytics Inc. (Nasdaq: HMNY) (“HMNY”) and MoviePass Inc. (“MoviePass”), the nation’s premier movie theater subscription service and a majority-owned subsidiary of HMNY, today announced that HMNY has acquired Moviefone, an entertainment service owned by Oath Inc. (formerly, AOL Inc.) (“Oath”) which provides over 6 million monthly unique visitors full access to the entertainment ecosystem, from movie theaters to streaming services and all screens in between.
Consumer Centric Strategy Leads MoviePass to Drop Price Again
MoviePass™, the nation’s premier movie theater subscription service and a majority-owned subsidiary of Helios and Matheson Analytics Inc. (Nasdaq: HMNY), today announced that, for a limited time, it is offering its annual subscription to new subscribers for $6.95/month.
MoviePass has gained momentum in diversifying its revenue streams due to a series of marketing agreements with studios and distributors, as well as partnerships with a number of theater exhibitors. This recent success in forming relationships with studios, exhibitors, and marketing partners has encouraged MoviePass to offer an even more attractive deal to consumers.
Spin-Off to be Effected through a Dividend Distribution of Zone Technologies Shares
NEW YORK--(BUSINESS WIRE)--Helios and Matheson Analytics Inc. (Nasdaq: HMNY), (“HMNY”), a provider of information technology services and solutions and owner of a controlling interest in MoviePass, Inc.. (“MoviePass”) today announced that its board of directors has approved a plan to spin-off its wholly-owned subsidiary, Zone Technologies Inc. (“Zone”). Following the spin-off, Zone would become an independent publicly traded company that HMNY expects to also be listed on Nasdaq.
Leading theater subscription service doubles down on investment in customer care, partnering with innovative customer experience specialist and adding Jake Petersen, VP of Customer Experience to their team
NEW YORK--(BUSINESS WIRE)--MoviePass Inc., the nation’s premier movie theater subscription service and a majority-owned subsidiary of Helios and Matheson Analytics Inc. (Nasdaq: HMNY), today announced a partnership with the customer experience specialists at TaskUs. In addition to partnering with TaskUs, MoviePass has also hired former TaskUs Senior Manager of Client Services, Jake Petersen, as the company’s VP of Customer Experience.
MoviePass Continues to Champion Independent Film Through Sponsorship Agreement with Miami Dade College Foundation on Behalf of the Miami Film Festival
MIAMI--(BUSINESS WIRE)--MoviePass Inc., the nation’s premier movie theater subscription service and a majority-owned subsidiary of Helios and Matheson Analytics Inc. (Nasdaq: HMNY), today announced the company will be a lead sponsor for the Miami Dade College’s Miami Film Festival. MoviePass’ sponsorship donation is part of the company’s ongoing support for independent filmmakers and artists.
MoviePass™ CEO Mitch Lowe and HMNY CEO Ted Farnsworth to Keynote at Winston Baker’s Entertainment Finance Forum on March 2, 2018
LOS ANGELES--(BUSINESS WIRE)--Winston Baker invited MoviePass CEO Mitch Lowe and Helios and Matheson Analytics Inc. (NASDAQ: HMNY) CEO Ted Farnsworth to deliver a keynote at the Entertainment Finance Forum in Los Angeles, March 2, 2018, to discuss the impact of data on the entertainment industry.
The forum topic, Data is the New Oil: How Will MoviePass Monetize It? Will feature a discussion with Lowe and Farnsworth as they share how MoviePass utilizes data, their growth-focused business model, and their plan to revitalize the movie industry. Co-Editor-in-Chief of Variety Andrew Wallenstein will serve as the discussion’s moderator.
The increase in ownership stems from cash advances provided by HMNY to MoviePass, from time to time, from December 19, 2017 through February 15, 2018. These cash advances to MoviePass were used to support MoviePass’ working capital and operational requirements, as well as to support the expansion of MoviePass’ business plans and objectives. The total amount advanced by Helios to MoviePass during this period totaled $45,525,000.
MoviePass™ signed multiple contracts on both per-title and slate-wide bases with several Hollywood studios and independent distributors.
Less than one month after announcing its milestone of 1.5 million subscribers, MoviePass™, the nation’s premier movie theater subscription service announced today that MoviePass™ has exceeded 2 Million subscribers.
HMNY announced as part of its continued efforts to drive movie theater attendance ahead of the Oscars, movie theater subscription service MoviePass™ deployed targeted promotions among its subscribers for a number of Oscar-nominated films. Just weeks before the big awards ceremony, MoviePass announced it has generated $128.7 million for select film nominees since November 2017.
PARK CITY, Utah & NEW YORK MoviePass™, the nation's premier movie-theater subscription service and a majority-owned subsidiary of Helios and Matheson Analytics Inc. (NASDAQ: HMNY), announced MoviePass Ventures, a wholly-owned subsidiary founded to co-acquire films with film distributors.
The announcement was made at The Sundance Film Festival during MoviePass’ content series Off-Script: The Future of Film to a room of filmmakers, producers, directors, investors, distributors, and other industry executives.
MoviePass Inc., the nation's premier movie-theater subscription service and a majority-owned subsidiary of Helios and Matheson Analytics Inc. (NASDAQ: HMNY), today announced that it has signed a media partnership with iHeartMedia, a leading multi-media company in America with a greater reach in the U.S. than any other media outlet.
“MoviePass™ is attracting people back to the movie theaters by lowering their cost, which we believe is transformational for the industry,” said Ted Farnsworth, Chairman and Chief Executive Officer of HMNY. “We believe the data MoviePass™ collects from these million and a half movie-goers will become an important asset to our partners and the future of the movie industry,” Mr. Farnsworth continued.
Helios and Matheson Analytics Inc., the nation’s premier movie-theater subscription service, announced the pricing of a best efforts underwritten public offering of an aggregate of 8,261,539 Series A units (the “Series A Units”), with each Series A Unit consisting of (i) one share of the Company’s common stock, par value $0.01 per share (the “Common Stock”), and (ii) one Series A Warrant to purchase one share of Common Stock (the “Series A Warrants”); and (B) 969,230 Series B units (the “Series B Units”, and together with the Series A Units, the “Units”), with each Series B Unit consisting of (i) one pre-funded Series B Warrant to purchase one share of Common Stock (the “Series B Warrants”, and together with the Series A Warrants, the “Warrants”) and (ii) one Series A Warrant, with anticipated gross proceeds of approximately $60 million, before deducting underwriting discounts and commissions and estimated offering expenses payable by HMNY.
Helios and Matheson Analytics Inc. (NASDAQ: HMNY), a provider of information technology services and solutions and a majority owner of MoviePass Inc. ("MoviePass"), the nation's premier movie-theater subscription service, today announced that it has commenced a best efforts underwritten public offering, subject to market and other conditions, to issue and sell shares of its common stock and warrants to purchase shares of its common stock. The shares of common stock and warrants will be issued separately. There can be no assurance as to whether or when the offering may be completed, or to the actual size or terms of the offering. HMNY intends to use the net proceeds from this offering to increase the Company's ownership stake in MoviePass or to support the MoviePass operations; to satisfy a portion or all of the amounts payable in connection with its outstanding convertible notes, to the extent that they remain outstanding; and for general corporate purposes.
MoviePass™, the nation's premier movie-theater subscription service and a majority-owned subsidiary of Helios and Matheson Analytics Inc. (NASDAQ: HMNY), and Fandor®, the streaming service with the largest collection of independent films, documentaries, international features and shorts, today announced that both companies are partnering with Costco to offer a one-year subscription plan for a flat fee of $89.99. The package deal for both services is available exclusively to Costco members and covers a year of membership for both MoviePass and Fandor.
New Agreement with Distributor Provides MoviePass with a Portion of Ticket Revenue Based on Marketing Campaign Performance Metrics from MoviePass’ Marketing Campaigns Indicate That MoviePass Members Represent a Demonstrable Percentage of Opening Weekend Domestic Box Office, Which Tend to Climb and Become Even More Impactful in the Theatrical Window for Both Major Blockbusters and Independent Films; MoviePass’ Ticket Spend Accounted for 13.21% of the Domestic Box Office Opening Weekend* for Sony Pictures/Columbia's Roman J. Israel Esquire and 10% of Domestic Opening Weekend* Box Office For Fox Searchlight’s “Three Billboards Outside Ebbing Missouri.”
MoviePass™ is offering a one year subscription plan for a flat fee of $89.95 (including a $6.55 processing fee). Existing MoviePass customers will receive 25% savings from their current $9.95 per month plan if they subscribe to the new one year MoviePass™ subscription plan.
HMNY has entered into a securities purchase agreement with institutional investors for HMNY to issue convertible notes in the aggregate principal amount of $100,000,000 (the “Notes”), for the purpose of further funding MoviePass, and for general corporate purposes. HMNY is not obligated to register the resale of any shares underlying the Notes with the Securities and Exchange Commission. Absent registration, the investors may resell the shares underlying the Notes only pursuant to Rule 144 or another available exemption from registration.
The continued growth trajectory exceeded MoviePass’ initial projections, and now MoviePass projects that it will acquire at least 3.1 million additional paying subscribers through August 18, 2017, exceeding its previous estimate of 2.5 million subscribers. HMNY also announced that MoviePass had a subscriber churn rate of 4.2% for month 1 and 2.4% for month 2 after announcing its new $9.95 per month subscription price. Based on current churn rates, monthly subscriber retention is above 96% and average paying monthly subscriber life expectancy is 46.8 months.