“We’re hoping that if we can drive a meaningful increase in attendance we can share in that success,” said Lowe. After demonstrating its value, he hopes MoviePass will be cut in on the profits. MoviePass is operating at a loss and subsidizing its users with the hope that at some point it will successfully demonstrate to studios and theater owners that it is growing their customer base. Another 35 million in advances converted to capital put Helios at 91.8. This increased Helios' ownership stake from 62.4 percent to 81.2 percent. MoviePass then converted the advances from debt to equity. Helios advanced MoviePass 55 million from December to February 20, 2018. Lowe said the company works by buying movie theater tickets for its subscribers directly from exhibitors at whatever price they offer. In August 2017, Helios purchased a majority stake in MoviePass. They plan to add to their nine-person staff, particularly in the sales and technology areas. He will remain in charge along with Stacy Spikes, MoviePass co-founder. Lowe, a Netflix co-founder and former Redbox president, has led the company since June 2016. Despite its ambitions to disrupt the industry, MoviePass remains little known. But exhibitors have preferred to bolster their own loyalty programs instead of aligning themselves with the service. Helios and Matheson's stock price peaked in October 2017 at nearly 39 a share or 9,715 a share if you take into account the effect of the reverse split. The company has done a great job with subscription growth, but that only means that losses are expanding. The company claims it boosts attendance by 111% and that its customers buy more concessions. 24, 2018, Helios completed a 1 for 250 reverse stock split thus increasing the number of shares outstanding to 20,663,795,500. Helios and Matheson acquired MoviePass in August of 2017. The company acquired a majority stake in MoviePass toward. Maxims Brian Kinstlinger initiated coverage of the stock with a 20 price target and a buy rating earlier this month. Helios and Matheson recorded a net loss of around 150 million in 2017 (attributed to its acquisition of the majority stake in MoviePass). Established in 2011, it has gone through several iterations and has failed to get Hollywood to buy its sales pitch. Not every Wall Street pro is down on Helios and Matheson. MoviePass has struggled to gain traction in the industry and has often been met with ambivalence, even antipathy by theater owners. While such a move might benefit Helios on Wall Street, it's still unclear whether the company will be able to execute the spinoff.The service is available in over 91% of all theaters in the U.S., including AMC, Regal and Cinemark theaters along with independent theaters. MoviePass does not publicly disclose its subscriber numbers. MoviePass, a company that aims to be the Netflix of movie theaters, has sold a majority stake to Helios and Matheson Analytics Inc., a publicly traded data firm. "Since we acquired control of MoviePass in December 2017, HMNY largely has become synonymous with MoviePass in the public's eye, leading us to believe that our shareholders and the market perception of HMNY might benefit from separating our movie-related assets from the rest of our company," Farnsworth previously said in a statement.Īfter the spinoff announcement, shares of Helios spiked, but were still trading at pennies per share. The new entity, the company has said, will be publicly traded. Helios acquired MoviePass in December 2017 but announced in October that it plans to spin MoviePass off into its own entity, MoviePass Entertainment Holdings. Farnsworth's base salary for 2017 was $225,000 and he received $1.35 million in cash bonuses and $76,050 in housing expenses. What is the market capitalization of Helios and Matheson Analytics Inc Stock As of the, the market capitalization of Helios and Matheson Analytics Inc is 70.054M. 12, 2018, they are trading at less than 2 cents.Īccording to SEC filings, Farnsworth's total compensation for 2017 was $8.9 million, about 80 percent of which consisted of stock (then worth $7.25 million). The 52-week high for Helios and Matheson Analytics Inc Stock is 0.0007 and the 52-week low is 0.000001. Use the PitchBook Platform to explore the full. To put the plunge in perspective, shares of Helios closed at $2,520 on Dec. Information on stock, financials, earnings, subsidiaries, investors, and executives for Helios & Matheson.
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