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Bankrupt MoviePass says it’s under ‘pending’ investigation by the FTC, SEC, 4 California DAs, and the New York AG

MoviePass declared Chapter 7 bankruptcy on Wednesday, according documents filed with the United States Bankruptcy Court for the Southern District of New York. In the filing, MoviePass listed four “pending” investigations into the company. MoviePass said it was being investigated by the Federal Trade Commission, the Securities and Exchange Commission, […]
Bankrupt MoviePass says it’s under ‘pending’ investigation by the FTC, SEC, 4 California DAs, and the New York AG
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MoviePass’ owner, Helios and Matheson Analytics, has filed for bankruptcy

MoviePass’ owner, Helios and Matheson Analytics, filed Chapter 7 bankruptcy on Wednesday, according to a filing with the Securities and Exchange Commission. The company’s interim CEO, Parthasarathy Krishnan, and CFO, Robert Damon, tendered their resignations upon filing. Visit Business Insider’s homepage for more stories. Helios and Matheson Analytics, the owner […]
MoviePass’ owner, Helios and Matheson Analytics, has filed for bankruptcy
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The new interim CEO of MoviePass’ owner had deep ties to an Indian company accused of massive fraud

Helios and Matheson Analytics, the parent company of defunct movie-ticket-subscription service MoviePass, has named a new interim CEO: Parthasarathy “Pat” Krishnan. Krishnan had deep ties to Helios and Matheson Analytics’ former parent company, Helios and Matheson Information Technology (HMIT), which has been accused of massive fraud in India. Krishnan served […]
The new interim CEO of MoviePass’ owner had deep ties to an Indian company accused of massive fraud
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The CEO of MoviePass’ parent company has stepped down and is trying to buy the movie-ticket subscription service, which shut down Saturday

Ted Farnsworth has stepped down as the CEO of Helios and Matheson Analytics, MoviePass’ parent company. On Tuesday, the company announced that Farnsworth had submitted an offer to purchase MoviePass and other assets owned by Helios and Matheson, including MoviePass Film and Moviefone. Financial terms of the offer were not […]
The CEO of MoviePass’ parent company has stepped down and is trying to buy the movie-ticket subscription service, which shut down Saturday
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MoviePass is shutting down and looking for a buyer

MoviePass, the embattled movie-ticket-subscription service, is shutting down on Saturday, its parent company, Helios and Matheson Analytics, announced on Friday. Helios and Matheson said its efforts to recapitalize the MoviePass business, which has lost hundreds of millions of dollars since Helios and Matheson took ownership in 2017, had “not been […]
MoviePass is shutting down and looking for a buyer
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MoviePass’ parent company says it lost over $266 million last year

MoviePass parent company, Helios and Matheson Analytics, reported to the Securities and Exchange Commission on Wednesday that it lost over $US266 million in 2018. The company has continued to burn through money since buying MoviePass in the summer of 2017 and dropping the monthly subscription price to see movies to […]
MoviePass’ parent company says it lost over $266 million last year
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MoviePass’ parent company admits investors can’t rely on some of its previous financial statements, and says it underestimated losses

MoviePass’ parent company, Helios and Matheson Analytics (HMNY), said in a filing with the Securities and Exchange Commission on Tuesday that its previously issued quarterly and year-to-date financial statements were not accurate. The company said the errors related primarily to the “overstatement of subscription revenues” in the third quarter of […]
MoviePass’ parent company admits investors can’t rely on some of its previous financial statements, and says it underestimated losses