Tag: HMNY

22 DEC

MoviePass’s parent company is in dire danger of having its stock delisted by the Nasdaq (HMNY)

The Nasdaq warned MoviePass’s parent company that it would move to delist its stock as soon as December 28. Shares of Helios and Matheson have traded below $ 1 a share for nearly the entire time since May, violating Nasdaq’s listing standards. The company had until Tuesday to boost its stock price above that threshold, […]

05 OCT

MoviePass’ parent company just freed up some room to sell more stock — after already increasing its share count by 80,000% since July (HMNY)

Hollis Johnson/Business Insider Helios and Matheson, the parent of MoviePass, is required to reserve millions of shares of stock as part of a series of debt agreements. The company’s creditors have agreed to reduce the number of shares it has to set aside. The move could free the company up to sell new shares to […]

03 OCT

MoviePass owner announces it recently raised $65 million in new funding (HMNY)

Hollis Johnson/Business Insider Ted Farnsworth, the CEO of Helios and Matheson Analytics, which owns MoviePass, said on Tuesday that the company has raised $ 65 million in new funding. He also said that that MoviePass has controlled its spending since changing to the three-movies-per-month plan.   MoviePass isn’t going anywhere — at least according to Ted […]

15 AUG

MoviePass has less than two months left before it runs out of cash — and its latest changes won’t save it (HMNY)

Hollis Johnson/Business Insider MoviePass’ parent company, Helios and Matheson, has less than two months of cash left at the rate it was burning through its funds in the second quarter. Even if it was able to reduce its burn rate as much as executives have stated, it still would have less than a month’s worth […]

28 MAY

An inside look at how MoviePass will make money distributing movies, and what will happen if the company goes bust (HMNY)

MoviePass is getting in the movie distribution business with the Sundance hit, “American Animals,” coming to theaters in June. It is teaming with The Orchard to release the movie. MoviePass is an equal partner in the release, paying for half the movie with The Orchard and will be splitting half of the box office, a […]

24 MAY

MoviePass said a $300 million lifeline could sustain it for over a year, but that money could slip through its fingers (HMNY)

MoviePass/Reuters MoviePass has repeatedly said it’s not worried about sustaining further losses because it has a $ 300 million “equity line of credit” that could keep it going for over a year. Financial experts, however, say the financial instrument described by MoviePass CEO Mitch Lowe is not what is generally considered to be an equity […]