Triton Funds, the venture fund, is gearing up to approach shareholders of Helios and Matheson Analytics, the parent of MoviePass, to take control of the company that has been running out of cash. According to a report in MarketWatch citing comments the co-founders made, Triton, which...
For the team at MoviePass, it’s been an interesting few weeks – or few months, depending on how one looks at it. MoviePass and its parent, Helios & Matheson, entered 2018 full of confidence about disrupting the movie theater model, talking up its plan to...
MoviePass, the struggling theater subscription service owned by Helios and Matheson Analytics, announced on Tuesday (July 31) several new measures aimed at achieving profitability, including raising the price of its subscription plan. In a press release, MoviePass said it plans to implement several new cost...
After it was revealed that MoviePass borrowed $5 million to keep its service up and running last week, many subscribers were greeted by a blank screen on Monday (July 30). According to reports, MoviePass subscribers encountered a message that read, “There are no more screenings...
MoviePass parent Helios and Matheson Analytics arranged a short-term loan after halting operations due to failure to pay business partners. Bloomberg, citing a regulatory filing, reported Helios and Matheson will use $5 million of a $6 million loan to pay its processors. The loan was...
Luxury automakers are upending their traditional business models with a new take on an old idea – a car subscription. BMW, for example, launched a pilot dubbed Access by BMW in Tennessee. This type of service is one way automakers can attract younger customers. And...
Ted Farnsworth, the head of Helios and Matheson Analytics, which owns MoviePass told TheStreet.com in an interview that AMC and others like it are making a concerted effort to put MoviePass out of business. According to TheStreet.com, Farnsworth said: “I think there’s a concerted effort...
MoviePass has vowed to refund customers who couldn’t purchase movie tickets because of an outage, reported TechCrunch. According to reports, while the outage was taken care of, MoviePass told customers on social media that it would be issuing refunds to customers who paid out of pocket to...
MoviePass announced it is rolling out three different upgrades to its base $9.95 subscription service. “Our aim is to create the most flexible and cost-efficient product, so that we don’t have to simply raise the price on the subscription,” the company wrote to its customers....
