First Kodak, now MoviePass is bullish on ICO, blockchain tech [FOX Business Network]
CHANTICLEER HOLDINGS INC (BURG)
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Source: FOX Business Network
Movie ticketing service MoviePass has been on a tear over the last six months, gaining over 1.5 million paid subscribers, adding 500,000 of those in less than a month’s time. Continue Reading Below Now the New York-based startup is eyeing a possible ICO (initial coin offering), in which it plans to sell tokens for a later use and is also considering incorporating blockchain technology into their systems. “I think we are well underway. I think the strategy has been in place for awhile, especially on the MoviePass side,” Ted Farnsworth, CEO of Helios and Matheson Analytics, who owns a majority stake in the company, told FOX Business. “What a lot of people don’t realize is that Spotify is the biggest blockchain user out there. It is how they keep track of all their inventory and their artists rights and all that stuff. So, with MoviePass, we think that it’s a natural part of our platform down the road because we are a technology company and it will help di
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