MoviePass To Be Spun Off By Helios And Matheson Into Separate Company

Helios and Matheson Analytics has announced plans to spin off long-troubled financing, production and fixed-price subscription ticketing service MoviePass into its own separate, publicly traded company. The spin, which has been given preliminary approval by the board of directors, aims to create a vertically integrated film production, marketing and exhibition company. Helios and Matheson is a data firm with broader holdings beyond entertainment. Under the plan, a new…

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