Moviepass Owner Helios & Matheson Delists Amid Spinoff Plan
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Helios & Matheson Analytics, the owner of Moviepass that offered theatergoers unlimited access for as little as $10 per month, was delisted from the Nasdaq on Tuesday and trading will be suspended at the open on Wednesday.
The delisting comes less than one month after Helios & Matheson filed for a spinoff of the subscription business that’s struggled to find a sustainable business model. Competition from AMC Entertainment Holdings Inc. and an investigation by the New York attorney general added further pressure to shares over the past year.