Erik Gruenwedel
June 5, 2018
Fiscally-challenged Helios and Matheson Analytics, parent of movie ticket subscription service MoviePass, saw its stock hit a new low June 5.
The company’s shares closed at 38 cents per share, after falling to 37 cents per share during day in heavy trading (23 million shares). The company’s market cap is $32.1 million. The company’s previous record low was 41 cents per share.
Regardless, MoviePass continues to diversify. May 30 it announced the launch of indie-based MoviePass Films with Emmett Furla Oasis Films, with the intent of marketing indie films to its 2.7 million subscribers across multiple platforms such as theatrical, streaming, retail, on-demand and packaged media.
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