MoviePass' Owner Lost $130 Million Last Quarter, as it Saw a 'Significant Decline' in Subscribers and 2 More Board Resignations
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- MoviePass' owner, Helios & Matheson Analytics (HMNY), reported a loss of $130 million for the three months ending September 30, according to its third-quarter filing with the Securities and Exchange Commission.
- It also noted that MoviePass has suffered a "significant decline" in subscriptions due to unpopular changes.
- Two board members resigned in October the day after HMNY announced that it was planning to branch off MoviePass into its own publicly traded company...