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MoviePass for a New Beginning as Owner of Helios & Matheson Delists From Investing.com



© Reuters.

Investing.com – The shares of Helios and Matheson were suspended on Wednesday, ending his 15-year voyage as a listed company.

This may be the end of Helios and Matheson as a publicly traded company, but marks the start of a new chapter on the MoviePass Entertainment subscription business that she acquires. in December 2017

Helios and Matheson said in October last year they would release MoviePass in an effort to separate from the company's data analysis company's subscription services.

MoviePass is a problem kid for Helios and Matheson. $ 9.99 per month Anyone who can eat a movie subscription model is fraught with problems.

The MoviePass app is clumsy, much to the bitterness of customers. Reducing the number of movies customers could see in the theaters with the use of the subscription was fatal as it came at a time when rivals including AMC (NYSE 🙂 released similar subscription plans.

Helios and Matheson, judging for their subscription plans, expect MoviePass to adopt a simpler coiling model. The road to the new beginnings for MoviePass, however, is far from smooth, as the theater loses its glitz to online streaming companies such as Netflix (NASDAQ :),

"At $ 46 billion, global subscription revenues (the higher content provided by the internet) will outperform cash revenue in 201

9 when theater profits will reach just under $ 40 billion, according to Ampère Anne

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