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MoviePass may be relaunching, but former CEOs of the movie subscription service are still embroiled in scandal.As reported by Variety, the former CEO of MoviePass's parent company Helios ...
The former chief executive of MoviePass’ parent company has pleaded guilty to charges of securities fraud and conspiracy and could face up to 25 years in prison.
The indictment comes about five years after MoviePass, which first launched in 2011, was acquired by Helios and Matheson and later announced a significant drop in the app's monthly subscription ...
Lowe, the former MoviePass CEO, pleaded guilty to securities fraud conspiracy in September 2024. The rise and fall of MoviePass. In 2017, HMNY became the parent company of MoviePass. Farnsworth ...
MoviePass Films was the final company to bear the MoviePass name after MoviePass was shut down in 2020, thus being Boss Level the last released film of the company in 2021. Originally they had acquired American Traitor: The Trial of Axis Sally but after its closure they will no longer produce it, the rights of the film were transferred to ...
A year later, Helios and Matheson Analytics (HMNY) became the parent company of MoviePass. Lowe and HMNY CEO Ted Farnsworth launched a $10-a-month plan that brought huge popularity to the service.
In August 2018, the company reported a loss of $100 million in the second quarter of 2018 with the company trading at an implied value of $30 million. [22] In October 2018, the Attorney General of New York opened an investigation into Helios and Matheson Analytics, looking into whether it misled investors about the company's financial situation.
The principal executives of MoviePass — the theater-subscription company that shut down in September 2019 — reached a settlement with the FTC over the allegations, the agency announced Monday.