|[April 05, 2018]
Helios and Matheson Analytics and MoviePass™ Acquire Moviefone in Strategic Move
Helios and Matheson Analytics Inc. (Nasdaq:
HMNY) ("HMNY") and MoviePass Inc. ("MoviePass"), the nation's
premier movie theater subscription service and a majority-owned
subsidiary of HMNY, today announced that HMNY has acquired Moviefone, an
entertainment service owned by Oath Inc. (formerly, AOL (News - Alert) Inc.) ("Oath")
which provides over 6 million monthly unique visitors full access to the
entertainment ecosystem, from movie theaters to streaming services and
all screens in between.
This press release features multimedia. View the full release here:
Oath and Verizon (News - Alert) have taken an ownership stake in MoviePass through equity in HMNY in connection with the transaction.(Photo: Business Wire)
As HMNY's second acquisition in the consumer entertainment industry, the
Moviefone acquisition represents another pillar in building out its
content marketing strategy and advertising revenue platform for
MoviePass. Oath will continue to sell Moviefone's digital ad inventory
and has taken an ownership stake in MoviePass through equity in HMNY in
connection with the transaction.
"This natural alignment between MoviePass and Moviefone will help us
grow our subscriber base significantly and expand our marketing and
advertising platform for our studio and brand partners," said Mitch
Lowe, CEO of MoviePass. "Moviefone has been a go-to resource for
entertainment enthusiasts for years, and we're excited to bolster its
presence and bring this iconic platform into the entertainment ecosystem
of the future."
Founded in 1989, Moviefone delivers the best in entertainment, including
movie show times and tickets, trailers, TV schedules, streaming
information, cast and crew interviews, photo galleries and more.
Moviefone's editorial coverage includes up-to-date entertainment news,
trailers and clips, exciting red-carpet coverage and celebrity features.
"This investment in digital content expands MoviePass' reach further
into multiple Hollywood touchpoints," said Khalid Itum, VP, Business
Development at MoviePass. "We believe the acquisition will allow us to
connect studios and brands with potential new subscribers, capture their
attention, and convert them into paying subscribers. We believe
Moviefone will also allow us to provide relevant and appealing content
to moviegoers while simultaneously increasing the value of the Moviefone
"HMNY's vision is to have MoviePass support the entire movie theater
industry ecosystem-- from distribution to exhibition and now, content,"
said HMNY's Chairman and CEO, Ted Farnsworth. "Above all, we believe the
Moviefone acquisition will sere as another valuable source of revenue
for HMNY and MoviePass," concluded Mr. Farnsworth.
"Moviefone provides users with full access to the entertainment
ecosystem, from movie theaters to streaming services and on all screens
in between, said Matt Young, VP Entertainment, Oath. "By bringing
together MoviePass and Moviefone, entertainment lovers will enjoy the
full suite of movie-theater subscription opportunities, discovering,
interacting and sharing blockbusters, hit series and underground hits
across the worldwide community of film and TV. Advertising partners will
also have a more powerful and comprehensive vehicle to promote their
Key Transaction Details
On April 5, 2018, HMNY filed a Current Report on Form 8-K with the U.S.
Securities and Exchange Commission providing key transaction details of
the Moviefone acquisition. HMNY encourages its investors and
shareholders to read the Current Report in conjunction with this press
release. The information in this press release is subject in all
respects to the disclosures set forth in such Current Report.
About Helios and Matheson Analytics Inc.
Helios and Matheson Analytics Inc. is a provider of information
technology services and solutions, offering a range of technology
platforms focusing on big data, artificial intelligence, business
intelligence, social listening, and consumer-centric technology. HMNY
currently owns approximately 81% of MoviePass Inc., the nation's premier
movie-theater subscription service. HMNY's holdings include RedZone
Map™, a safety and navigation app for iOS and Android (News - Alert) users, and a
community-based ecosystem that features a socially empowered safety map
app that enhances mobile GPS navigation using advanced proprietary
technology. HMNY is headquartered in New York, NY and Miami and listed
on the Nasdaq Capital Market under the symbol HMNY. For more
information, visit us at www.hmny.com.
About MoviePass Inc.
MoviePass Inc. is a technology company dedicated to enhancing the
exploration of cinema. As the nation's premier movie-theater
subscription service, MoviePass provides film enthusiasts the ability to
attend up to one movie per day for a low subscription price. The
service, accepted at more than 91% of theaters across the United States,
is the nation's largest theater network. For more information, visit www.moviepass.com.
About Oath, Inc.
Oath, a subsidiary of Verizon, is a values-led company committed to
building brands people love. Oath reaches one billion people around the
world with a dynamic house of media and technology brands, including
Yahoo, AOL, TechCrunch, Tumblr and Flickr, among others. A global leader
in digital and mobile, Oath is shaping the future of media. For more on
Oath, visit www.oath.com.
Cautionary Statement on Forward-looking Information
Certain information in this communication contains "forward-looking
statements" about HMNY and MoviePass within the meaning of the Private
Securities Litigation Reform Act of 1995 or under Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended (collectively, "forward-looking
statements"), that may not be based on historical fact, but instead
relate to future events. Forward-looking statements are generally
identified by words such as "projects," "may," "will," "could," "would,"
"should," "believes," "expects," "anticipates," "estimates," "intends,"
"plans," "potential" or similar expressions. Such forward-looking
statements include, without limitation, statements regarding HMNY's and
MoviePass' businesses and prospects. Statements regarding future events
are based on HMNY's and MoviePass' current expectations and are
necessarily subject to associated risks.
Such forward-looking statements are based on several assumptions.
Although management of HMNY and MoviePass believe that the assumptions
made and expectations represented by such statements are reasonable,
there can be no assurance that a forward-looking statement contained
herein will prove to be accurate. Actual results and developments
(including, without limitation, the ability of HMNY and MoviePass to
derive financial benefits and attract new MoviePass subscribers as a
result of the acquisition of Moviefone) may differ materially and
adversely from those expressed or implied by the forward-looking
statements contained herein and even if such actual results and
developments are realized or substantially realized, there can be no
assurance that they will have the expected consequences or effects.
Risk factors and other material information concerning HMNY and
MoviePass are described in HMNY's Quarterly Report on Form 10-Q, for the
quarter ended September 30, 2017 filed with the SEC (News - Alert) on November 14,
2017, in HMNY's Annual Report on Form 10-K for the fiscal year ended
December 31, 2016 filed with the SEC on April 14, 2017, in HMNY's
Current Report on Form 8-K filed on November 30, 2017 (as amended on
February 9, 2018) and other HMNY filings, including subsequent current
and periodic reports, information statements and registration statements
filed with the SEC. You are cautioned to review such reports and other
View source version on businesswire.com: https://www.businesswire.com/news/home/20180405005624/en/
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