It’s over. Helios and Matheson Analytics (HMNY), the parent company of MoviePass, announced today that they’re pulling the plug on the famed monthly movie ticket subscription service which offered unlimited tickets for $9.95 a month. Mitch Lowe and Ted Farnsworth celebrate MoviePass clicking past 1M subs in Dec. 2017 Outside AMC 25 in NYC.
Full Answer
Is MoviePass and hmny stock coming back from the dead?
In September 2019, MoviePass called off service for its customers, citing a lack of capital. Helios and Matheson filed for bankruptcy in 2020 after simply running out of cash. Now, investors think that MoviePass and HMNY stock could be coming back from the dead.
Is MoviePass profitable?
If a customer, on average, would only watch one movie per month (at an average ticket price of around $9.50), then MoviePass would be already profitable on a per-user basis (not accounting for operational cost, cost of issuing the cards, etc.).
What's the deal with hmny stock?
And what is the deal with HMNY stock? For those unfamiliar, MoviePass launched in 2017. The initial service allowed customers to see one movie per day for $9.99 a month. Although popular with frequenters of movie theaters, Helios and Matheson struggled to make ends meet.
Is MoviePass a match made in heaven for AMC theaters?
Back in 2018, an analytics firm highlighted that MoviePass increased AMC concession sales by 80%. Although the movie theater operator launched a competing service, some retail investors see a match made in heaven.
What happens to my HMNY stock?
HMNY stock lost its Nasdaq Exchange listing, and now trades on the over-the-counter markets. In September 2019, MoviePass called off service for its customers, citing a lack of capital. Helios and Matheson filed for bankruptcy in 2020 after simply running out of cash.
Does HMNY own MoviePass?
It was the parent company of MoviePass. Helios and Matheson Analytics Inc....Helios and Matheson Analytics.TypePublicNumber of employees71 (2018)SubsidiariesMoviePass Moviefone MoviePass Films Zone TechnologiesWebsitewww.hmny.com8 more rows
Is HMNY still trading?
The company ended up filing for bankruptcy in January 2020 with plans to liquidate its assets. That also saw HMNY stock delisted from the Nasdaq Exchange and make its way over to OTC Markets.
Does Helios and Matheson still own MoviePass?
In January 2020, MoviePass parent Helios and Matheson Analytics filed for Chapter 7 liquidation. In its bankruptcy filing, HMNY estimated the value of MoviePass at between $1 million and $10 million (with $60.9 million in total creditor claims). By the initial deadline, no bids had been submitted for MoviePass.
Is MoviePass coming back?
Share All sharing options for: MoviePass is officially coming back. Two years after the wildly popular subscription service MoviePass crashed and burned, its co-founder Stacy Spikes is determined to bring it back. Spikes says MoviePass will return this summer.
Will MoviePass ever come back?
MoviePass is set to relaunch summer 2022.
How can I buy HMNY?
Shares of HMNY can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Who owns Helios and Matheson?
Helios and Matheson Analytics, parent company of MoviePass, CEO Ted Farnsworth (Nasdaq: HMNY) in an exclusive interview, tells Proactive Investors' Christine Corrado the company is going ahead with a a reverse stock split, taking it to US$21 from US$0.09, to avoid being delisted by Nasdaq.
Where can I buy Helios and Matheson?
You can purchase shares of Helios and Matheson (OTCEM: HMNY) through any online brokerage.
Who owns HMNY stock?
Largest shareholders include MAI Capital Management, Westside Investment Management, Inc., FNY Investment Advisers, LLC, and SPTM - SPDR(R) Portfolio Total Stock Market ETF.
Who owns MoviePass?
Helios and Matheson AnalyticsMoviePass / Parent organization
How much is MoviePass?
After launching in 2011, MoviePass became popular in 2017 for offering movie goers a $9.99 monthly fee to see one movie a day, a price lower than a single typical movie ticket.
Is AMC and AmStar the same?
Old AMC Grand Now AmStar Cinema – NBC 5 Dallas-Fort Worth.
How does AMC make money on a list?
Higher food and beverage sales While AMC may be taking a hit on its admissions profit per A-List subscriber, higher frequency means more sales of high-margin food and beverages. CEO Adam Aron said A-Listers are spending 2.5 times more on food and beverages per month than before they joined A-List.
How much is MoviePass per month?
In 2017, MoviePass made a big splash by announcing a subscription plan that allowed users to see one movie a day for $9.95 a month.
What Is MoviePass?
MoviePass was a platform that allowed users to attend a set number of movies in exchange for paying a monthly subscription fee.
What Happened To MoviePass?
MoviePass, formerly headquartered in New York City, was founded in 2011 by Stacy Spikes and Hamet Watt.
Why Did MoviePass Fail?
MoviePass failed because its business model was unsustainable, due to lack of focus, loads of competition, as well as internal struggles within the company itself.
