What happened to Helios and Matheson Analytics?
MoviePass parent Helios and Matheson files for Chapter 7 and stock falls to zero. Helios and Matheson Analytics Inc. , the parent of the MoviePass cinema-ticket subscription service, said Wednesday it has filed for Chapter 7 bankruptcy, allowing a court to sell its remaining assets and wind down all operations.
What happened to Helios MoviePass?
What does Helios do?
Is Helios and Matheson analytics still in business?
Helios and Matheson Analytics is the parent company of MoviePass and went through a rough patch last year. The company ended up filing for bankruptcy in January 2020 with plans to liquidate its assets.Mar 17, 2021
What happens to my HMNY stock?
HMNY stock lost its Nasdaq Exchange listing, and now trades on the over-the-counter markets. In September 2019, MoviePass called off service for its customers, citing a lack of capital. Helios and Matheson filed for bankruptcy in 2020 after simply running out of cash.Mar 17, 2021
Can I buy Helios and Matheson stock?
You can purchase shares of Helios and Matheson (OTCEM: HMNY) through any online brokerage.
Who bought Helios and Matheson?
Helios and Matheson had acquired Moviefone in April 2018 from Verizon (which picked up the movie site via its AOL deal) for $1 million in cash, plus HMNY stock that is now worthless.Mar 20, 2020
Can I still buy HMNY stock?
Helios and Matheson Analytics (HMNY) is a common stock listed on the NASDAQ exchange, which means you can buy the stock from most brokers.
Does Helios and Matheson still own MoviePass?
The app is designed to help users avoid areas of high crime. The project which has earned Helios the dubious distinction of being a news darling, however, is MoviePass. In 2017, Helios announced that it had acquired a majority stake in MoviePass, a movie subscription technology company.
Is Matheson publicly traded?
Helios and Matheson Analytics was a publicly traded data analytics company based in New York City, New York. It was the parent company of MoviePass....Helios and Matheson Analytics.TypePublicNet incomeUS$150.8 million (2017)Number of employees71 (2018)SubsidiariesMoviePass Moviefone MoviePass Films Zone TechnologiesWebsitewww.hmny.com7 more rows
Who is the CEO of Helios and Matheson?
Theodore FarnsworthTheodore Farnsworth is the CEO of Helios and Matheson Analytics and the founder of the company's subsidiary, Zone Technologies, Inc. He is also the creator of the RedZone Map smartphone app.
How much did Moviefone sell for?
$1.075 millionCleveland O'Neal III has bought Moviefone for just over $1 million. Moviefone, a brand once valued at nearly $400 million, has been sold to a TV producer for a tiny fraction of that amount — $1.075 million.Mar 25, 2020
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When was Helios founded?
Helios & Matheson Analytics, Inc. engages in the provision of information technology services and solutions. It operates through the following segments: Consulting, Technology, and Subscription. It serves to government, healthcare, financial, education and retail industries.
Who does Helios work for?
Founded in 2009, this company "helps global enterprises make informed decisions by providing insights into social phenomena," according to the company website. With projects centered around industries as disparate as retail, education, healthcare, and government, Helios offers a broad range of services. Indeed, the company focuses on everything ...
How many subscribers does Helios have?
According to the Helios website, the company has provided services to clients ranging from banking institutions ( Goldman Sachs, Standard Chartered) to healthcare providers and services (Delta Dental), and from pharmaceuticals firms (Pfizer) to insurance companies (Metlife).
What is Helios app?
Helios has long received pointed questions about the viability of the MoviePass model. However, with three million or so subscribers, the company has predicted that it would become profitable at five million.
