Shareholders Sue Moviepass Parent

It was a year ago on Wednesday that MoviePass Inc. launched its $10 all-you-can-watch-moviegoing plan, but shareholders in its parent company aren’t in a celebratory mood. Helios and Matheson Analytics Inc. quietly posted its quarterly earnings late Tuesday, revealing an operating loss of $127 million for the three months ended June 30 — up from a loss of less than $3 million during the same time frame a year ago before the disruptive MoviePass plan took effect. Shareholders now have filed…

Topics:  moviepass inc   helios   matheson analytics inc   june   shareholders   moviepass   parent   million   plan   year   loss   
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