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MoviePass Parent Company Lost Over $200 Million

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According to Business Insider MoviePass parent company, Helios and Matheson Analytics, lost over $266 million in 2018. Helios and Matheson reported the loss to the Securities and Exchange Commission on Wednesday. Helios and Matheson has continued to burn through money since buying MoviePass in the summer of 2017. In the summer of 2017, the company dropped the monthly subscription price to see movies to $10 a month.

Added on the 23/05/2019 06:18:09 - Copyright : Wochit

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