MW MoviePass-parent Helios & Matheson is set to shut down permanently on Saturday
MoviePass Inc.'s parent Helios & Matheson Analytics Inc. (HMNY) is set to close its business permanently on Saturday and is considering a sale of its assets, including its Moviefone and MoviePass Films business. Attempts to revive the embattled subscription-movie service have apparently failed, with the company on July 4 announcing that its service would be temporarily interrupted in order to work on an "improved version" of its mobile app Inc. The decision was a bad omen as it came during the busiest time for the movie business. In March, Helios & Matheson raised some $6 million in financing to support MoviePass, including its technology. The once-highflying company had lost nearly all of its value over the past year. Shares of HMNY, a reference to the company's trading symbol, is down 89% so far in the 2019, according to FactSet data. By comparison, the S&P 500 index is up nearly 20% so far this year and the Dow Jones Industrial Average is up 16.7% over the same period.
-Mark DeCambre; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
September 13, 2019 16:11 ET (20:11 GMT)
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MW MoviePass-母公司Helios&Matheon將於週六永久關閉
MoviePass公司的母公司Helios&Matheon Analytics Inc.HMNY將於週六永久關閉業務，並正在考慮出售其資產，包括Moviefone和MoviePass電影業務。重振陷入困境的訂閲電影服務的努力顯然失敗了，該公司7月4日宣佈，其服務將暫時中斷，以便開發其移動應用程序公司的“改進版本”。這個決定是一個不祥的預兆，因為它是在電影業最忙的時候做出的。今年3月，Helios&Matheon籌集了約600萬美元的資金，用於支持MoviePass，包括其技術。這家曾經雄心勃勃的公司在過去一年裏幾乎失去了所有的價值。根據FactSet的數據，HMNY的股價在2019年迄今為止下跌了89%。HMNY是該公司的交易代碼。相比之下，標準普爾500指數今年迄今已上漲近20%，道瓊斯工業平均指數(Dow Jones Industrial Average)同期上漲16.7%。
-馬克·德坎布爾(Mark DeCambre)；電話：415-439-6400；電子郵件：askNewswires@dowjones.com
(結束)道瓊斯通訊社
September 13, 2019 16:11 ET (20:11 GMT)
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