Helios and Matheson Analytics and MoviePass™ Acquire Moviefone in Strategic Move
HELIOS&MATHESON ANALYTICS (HMNY)
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Source: Business Wire
Acquisition of Iconic Entertainment Brand from Oath Inc., a Verizon Company, Expected to Fuel Additional MoviePass Subscriber Growth and Expand Advertising Platform NEW YORK--(BUSINESS WIRE)-- Helios and Matheson Analytics Inc. (Nasdaq: HMNY) (“HMNY”) and MoviePass Inc. (“MoviePass”), the nation’s premier movie theater subscription service and a majority-owned subsidiary of HMNY, today announced that HMNY has acquired Moviefone, an entertainment service owned by Oath Inc. (formerly, AOL Inc.) (“Oath”) which provides over 6 million monthly unique visitors full access to the entertainment ecosystem, from movie theaters to streaming services and all screens in between. This press release features multimedia. View the full release here:https://www.businesswire.com/news/home/20180405005624/en/ Oath and Verizon have taken an ownership stake in MoviePass through equity in HMNY in connection with the transaction.(Photo:
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