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The Rise and Fall of MoviePass Inc. |
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INTRODUCTION |
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| In January 2019, Helios and Matheson Inc. (HMNY) announced its plan to spin off its movie subscription service, MoviePass Inc. (MoviePass), and create a subsidiary to make MoviePass financially viable. While MoviePass would remain under HMNY’s control, it would have its own financial structure and would be traded separately. The spinoff seemed to be a last resort bid by HMNY to save the distressed company from going bankrupt...
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PayPal (7 USD)
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| BACKGROUND NOTE - Next Page>> |
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