MoviePass Restores Movie-Per-Day Subscription Plan At $9.95 Teaser Rate

Read on: Deadline.

MoviePass, which has experimented with a range of subscription schemes in recent months, is rolling out an “uncapped” movie-per-day plan that will be $9.95 for those who pay for 12 months in advance.
The plan costs $14.95 on a month-to-mont…

MoviePass Parent Company’s CFO Resigns To Take Another Job

Read on: Deadline.

Stuart Benson, CFO and Secretary of MoviePass parent Helios and Matheson Analytics, has resigned to take another job.
The move was disclosed this morning in an SEC filing, which did not identify Benson’s new employment opportunity. “The com…

MoviePass EVP Khalid Itum Exits Months After Promotion To Top Operational Role; Mitch Lowe Takes Reins

Read on: Deadline.

Just months after being elevated to Executive Vice President and manager of day-to-day operations at MoviePass, Khalid Itum, has left the struggling subscription moviegoing company.
Until his promotion last fall, Itum previously served as Vice Presiden…

MoviePass Parent Cites “Material Weakness” In Its Accounting Controls, Restating Results With Lower Revenue, Wider Net Loss

Read on: Deadline.

The hits just keep coming for MoviePass. Its parent company, Helios and Matheson Analytics, has restated the financial results it previously reported for the quarter ending last September 30 to reflect lower revenue and a wider net loss.
In a succinct …

MoviePass Owner Over-Reports Subscriber Revenue for Q3 2018, Suffers $147 Million in Net Losses

Read on: TheWrapTheWrap.

During its most recent third quarter, MoviePass parent company Helios and Matheson Analytics Inc. thought the subscription service had more members than it actually did. On Tuesday the company re-reported revenue for the period that was more than 8 per…

MoviePass Rival Sinemia Rolls Out Ticket Plan Without Subscription Requirement

Read on: Deadline.

Sinemia, a rival to MoviePass in the percolating movie ticketing space, has announced a plan that offers discounted movie tickets without requiring a subscription.
The new Sinemia Limitless plan offers a card — either virtual or physical — …

Cinemark MovieClub Reaches 560,000 Subscribers, Accounts For 10% Of Company Box Office

Read on: Deadline.

Cinemark’s MovieClub subscription plan reached 560,000 active members by the end of 2018, up 26% from the end of the third quarter, the company revealed during its fourth-quarter earnings report.
The major exhibition circuit posted record revenue and s…

MoviePass Parent’s Shares Begin Trading Over The Counter After Nasdaq Delisting

Read on: Deadline.

Shares in MoviePass parent Helios & Matheson began trading over the counter today after the beleaguered company was delisted by the Nasdaq.
The ouster from the major stock market comes after several warnings relayed in SEC filings in recent months,…

MoviePass Spinoff Plan Set By Helios & Matheson In New SEC Filing

Read on: Deadline.

Helios & Matheson, owner of distressed movie subscription service MoviePass, said it has made a confidential filing with the SEC setting the stage for the unit’s planned spinoff.
MoviePass would remain under the control of Helios & Mathes…

MoviePass Parent Company Stock Drops After Stock And Warrant Sale

Read on: Deadline.

Seeking new sources of cash, MoviePass parent Helios & Matheson Analytics has agreed to sell institutional investors some 333.3 million units of common stock and warrants.
In a press release, the company said the transaction will close “on or…

Cinemark Movie Club Hits 500,000 Members, Doubling Initial Projections

Read on: Deadline.

Cinemark said its Movie Club subscription program has passed 500,000 active members, more than double the level the exhibitor had initially projected.
Rival exhibitor AMC announced it had reached the 500,000 plateau in November with its Stubs A-List se…

MoviePass Rearranges Deck Chairs With New Pricing Options, Promotion Of New Day-To-Day Operations Chief

Read on: Deadline.

MoviePass is closing out a tumultuous 2018 with one more revamp of its subscription pricing and the promotion of its head of business development to day-to-day oversight of the service.
The three new pricing plans, which take effect January 1, will sti…