Moviepass parent company stock has reached an alltime low. Helios and matheson analytics inc daily stock market. Moviepass ceo mitch lowe explains how his movie ticket tech really works without relying on partnerships with big theaters. Still, despite the reimbursements, some theaters have been publicly outspoken about the service, most notably amc, the biggest movie theater chain in. Moviepass had the power to persuade even value investors. Thousands of investors got creamed trying to snatch cheap. Moviepass parent plunges more than 40% after reverse stock. Jul 31, 2018 moviepass had the power to persuade even value investors. Moviepass is a movie subscription service offering membership to more than 90 percent of movie theaters around the country. Helios and matheson, the parent company behind the popular movie subscription service, has seen better days. Interim ceo of moviepass parent has history with firm. Aug 16, 2017 how moviepass will defy amc to get you into theaters. How does helios and matheson make money from moviepass. Moviepass acquired, watch unlimited theatrical movies for.
Last month, pennystock guru ted farnsworth stepped down as the ceo of helios and matheson analytics, the parent company of moviepass, so he could make a bid for the defunct movie ticket. Mar 05, 2018 hmny has collapsed by over 40% since my last article. Since the beginning of september, helios and matheson analytics inc nasdaq. Members were originally allowed to see one movie per day, but that is now down to three per month with a discount for additional movies. Moviepass drops its price, pleasing customers but angering. The service utilized a mobile app, where users check in to a theater and choose a movie and showtime, which resulted in. Amid plunging stock prices and widespread criticism, the subscriptionbased movie service has resorted to a dizzying array of stopgap maneuvers over the. Moviepass stock is no netflix helios and matheson is the hottest stock on wall street in recent weeks, but the majority investor in moviepass will find it hard to justify its heady gains. Still, despite the reimbursements, some theaters have been publicly outspoken about the service, most notably amc, the biggest movie theater chain in the u. Thousands of investors got creamed trying to snatch cheap shares. Moviepass was founded in 2011 by technology and entertainment entrepreneurs stacy spikes and hamet watt. Moviepass stock rises 40% to above a penny after business. Get the latest helios and matheson analytics stock price and detailed information including hmny news, historical charts and realtime prices.
Oct 12, 2017 moviepass is a movie subscription service offering membership to more than 90 percent of movie theaters around the country. The moviepass model was initially celebrated by investors as innovative and has been described as the netflix of movie theaters. The rise and fall of helios and matheson investopedia. Moviepass parent company helios and matheson learned that the hard way after its stock sank to 7 cents a share in a little over a week after it underwent a desperate 1to250 reverse split to. The proceeding comes after moviepass parent helios and matheson. Moviepass parents stock plunges to secondlowest close. Moviepass parent companys stock tanks as reversesplit. Halfway through november, my viewing history tab stopped updating with films ive seen.
Tracking moviepasss bumpy history the new york times. Jul 25, 2018 moviepass parent helios and matheson analytics inc. Since that peak, the stock has come back down to earth, and is now trading up against its 50day simple. Why hmny stock is nosediving today share lost more than half their value tuesday by karl utermohlen, investorplace writer mar 26, 2019, 4. Moviepass is a monthly subscription service that pays for its subscribers to watch one standard 2d movie a day in any theater that accepts debit cards. Moviepass is burning cash but insists it can survive fox. The owner of moviepass plunges after proposing a reverse. The same week, moviepass s onetime partnerturnedrival, the amc theater chain, jumps into the game with its own subscription service. Moviepass stock plummets to record low posted on tuesday, july 17th, 2018 by chris evangelista moviepass, the ozymandias of movie theater subscription services, is having a bit of a rough time.
Nov 27, 2017 since the beginning of september, helios and matheson analytics inc nasdaq. Few expected this climactic moment in the moviepass saga. Hmny stock helios and matheson analytics stock price. Moviepass parent company stock reaches an alltime low. Members have access to unlimited viewings at participating movie. Moviepass is the most divisive battleground stock of 2018. Find the latest historical data for helios and matheson analytics inc ordinary shares hmny at. View realtime stock prices and stock quotes for a full financial overview. Moviepass stock is 19 cents but the boss says everything is fine. Ive been quietly lurking here for a little bit, and have been a strong proponent of moviepass in many ways. Helios and matheson analytics was a publicly traded data analytics company based in new york city, new york that served as the parent company of moviepass. Moviepass parent helios and matheson hmny is incredibly. Jul 12, 2018 helios and matheson, the parent company behind the popular movie subscription service, has seen better days. The company launched in beta in june 2011 in san francisco.
Moviepass parent helios and matheson analytics has remained a popular target for short sellers, even as shares of the company trade near 2 cents. It pays theaters the full ticket price for the showing. Financier ted farnsworth said hes offered to buy helios and matheson analytics inc. Moviepass has been making a lot of customers happy over the last few months, but its parent company, helios and matheson analytics, has had to. Helios and matheson analytics inc ordinary shares hmny. Moviepass parent company nets profit, defying stock. Hmny, owner of the moviepass movie ticket subscription service. Founded in 2011 and headquartered in new york city, the service allowed subscribers to purchase up to three movie tickets per month for a monthly fee. Looking at the hmny split history from start to finish, an original position size of shares would have turned into 4 today. See a movie every single day in theaters, paying only a monthly fee that, in most markets, amounts to less than a single ticket.
Jan 30, 2018 still, despite the reimbursements, some theaters have been publicly outspoken about the service, most notably amc, the biggest movie theater chain in the u. Not a big deal or anything, i just liked that feature as a journal of sorts of what movies ive seen. In 2017, helios purchased movie ticket subscription firm moviepass to. Late last summer, moviepass introduced a seemingly impossible offer. Moviepass parent helios and matheson analytics inc. Hmny has collapsed by over 40% since my last article. It was backed by major investors including true ventures, aol ventures, lambert media, moxie pictures and other investors. This was primarily due to an extreme valuedestroying unit offering. A look at moviepasss spectacular rise and fall in just. I just uploaded a video about investing in moviepass stock. Moviepass, the beloved and beleaguered movie theater subscription service, is hanging by a thread. Moviepass is dying, but its former leader wants to resurrect it. Amid plunging stock prices and widespread criticism, the subscriptionbased movie service has resorted to a. I just uploaded a video about investing in moviepass stock considering theyve hit record lows.
The drop in value is unlike that seen in recent memory. How moviepass will defy amc to get you into theaters. Confesssions of a moviepasshelios investor otcmkts. Discover historical prices for hmny stock on yahoo finance.