helios and matheson analytics
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MoviePass owner sells Moviefone for a fraction of its original worth
Moviefone is far from its glory days. The defunct owner of MoviePass, Helios Matheson & Analytics, has sold the once-legendary movie listing service for just $1.075 million as part of bankruptcy proceedings. That's just a fraction of the $388 million AOL (subsumed into Engadget's parent company Verizon Media) bought it for in 1999. It's not clear what winning bidder Born in Cleveland LLC intends to do with Moviefone, but it's safe to say Moviefone's heyday isn't coming back.
MoviePass declares bankruptcy
You knew MoviePass wasn't long for this world when it shut down service in September, and now it's ready to bow out completely. MoviePass and its parent company Helios and Matheson Analytics have declared Chapter 7 bankruptcy -- that is, they're dissolving instead of trying to restructure under Chapter 11. Accordingly, the CEO, CFO and remaining board members have all resigned.
MoviePass is dying, but its former leader wants to resurrect it
Just days after MoviePass shut down, one of the key players behind its initial success and subsequent failure wants to purchase it. Ted Farnsworth announced today that he's made an offer to acquire MoviePass -- along with related assets belonging to its parent company Helios and Matheson Analytics Inc. In a press release, Farnsworth said he's proud of MoviePass and has no intention of walking away now.
