Magazine article Screen International

MoviePass under Scrutiny Again as Parent Company Reports Heavy Losses

Magazine article Screen International

MoviePass under Scrutiny Again as Parent Company Reports Heavy Losses

Article excerpt

Helios and Matheson Analytics faces class action lawsuit over stock plunge.

MoviePass

The future or otherwise of MoviePass came under close scrutiny again on Tuesday (August 14) as its parent company announced an operating loss of $126.6m for the quarter ending June 30.

On the same day it also emerged that shareholders are suing Helios and Matheson Analytics in a class action lawsuit after the company’s stock has dropped almost 100% this year. …

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