• MoviePass' owner lost $130 million last quarter, as it saw a 'significant decline' in subscribers and 2 more board resignations

    6 monthes ago - By Business Insider

    MoviePass' owner, Helios & Matheson Analytics , reported a loss of $130 million for the three months ending September 30, according to its third-quarter filing with the Securities and Exchange Commission.
    It also noted that MoviePass has suffered a "significant decline" in subscriptions due to unpopular changes.
    Two board members resigned in October the day after HMNY announced that it was planning to branch off MoviePass into its own publicly traded company.
    MoviePass' owner, Helios & Matheson Analytics , released its third-quarter filing on Thursday, and it wasn't pretty.
    The company...
    Read more ...