MoviePass' parent company Helios and Roman Perez Jr. ArchivesMatheson is under legal probe due to a shareholder lawsuit. A source told CNBC the company will be investigated by the New York Attorney General with regard to information disclosed to investors.
SEE ALSO: MoviePass hatches a new survival plan, and it's not a good look"We are aware of the New York Attorney General's inquiry and are fully cooperating," Helios and Matheson said in a statement. "We believe our public disclosures have been complete, timely and truthful and we have not misled investors. We look forward to the opportunity to demonstrate that to the New York Attorney General."
MoviePass has become notorious for issuing constant updates to subscribers which, while transparent, have changed the nature of the subscription service sometimes week-to-week. In the past year, MoviePass has had its monthly unlimited plan, added and removed a $7.95/month plan, a quarterly plan, aspirations of IMAX ticketing and plus ones, automatic enrollment that infuriated users, three-movie limits, and has currently settled on the old unlimited model with a limited selection of movies.
As of June, Helios and Matheson had reportedly lost over $125 million through MoviePass. The disclosures have been timely, truthful, and often tiring – and the service and its subscribers look awfully different than they did in August 2017 when the service truly took off.
"Helios was touting MoviePass’ valuation and path to profitability even though there was no reasonable basis to even imply that the MoviePass business model could lead to profitability for Helios," shareholder Jeffrey Braxton said in June, when he filed the claim against MoviePass.
Best robot vacuum deal: Eufy Omni C20 robot vacuum and mop at record
AncestryDNA kit deal: Get $80 off at Amazon
What's new to streaming this week? (Dec. 13, 2024)
Phoenix Suns vs. Utah Jazz 2024 livestream: Watch NBA online
Galaxy S9+ vs Pixel 2 XL Camera
Amazon is selling cars now
Indiana Pacers vs. Philadelphia 76ers 2024 livestream: Watch NBA online
OpenAI announces Projects to organize and customize your ChatGPT convos
The fat bears are already extremely fat
The 20 best podcasts of 2024
Today's Hurdle hints and answers for April 1, 2025
Best earbud deal: Get a pair of Samsung Galaxy Buds3 Pro with a $20 Amazon gift card
How to use Gmail's package
Best travel deal: Get 25% off base fares at JetBlue
What cracked the Milky Way's giant cosmic bone? Scientists think they know.
How to use Gmail's package
Best robot vacuum deal: Get the Yeedi M12 Pro+ robot vacuum and mop for its lowest price yet
Shop Kindle book deals and get double Kindle Rewards
Best AirPods deal: Save $50 on AirPods Pro 2
How to unblock Pornhub for free
Shonda Rhimes on her new short film for Dove: 'Every single woman is beautiful'The 'richerNobody asked for these box things meant to replace bodegas or whateverWebcomic 'Cyanide and Happiness' is releasing its first video game7 key differences between the 'IT' movie and Stephen King's novelPharma bro Martin Shkreli sent directly to jail, judge calls him 'danger to society''Pokémon Go' developer says iPhone X barely scratches the surface for AROne clown is trying to change your mind about creepy clowns but he could do a MUCH better jobAn Apple executive just revealed tasty new details about Face ID we didn’t knowMoviePass cuts prices to get subscribers, is then overwhelmed by too many subscribersActual bears and packers play football in the rainforest in Amazon's super literal NFL adThe Cassini spacecraft will crash into Saturn to save its moonsBono, Jared Leto, and other celebs are gonna get PAID from the Blue Bottle deal'South Park' is triggering people's Amazon Alexas and it's seriously NSFWFacebook let advertisers buy ads targeting 'Jew haters'Facebook wants you to learn about natural disasters and other crisesNew 'Rick and Morty' fan theory makes a scary amount of senseFacebook makes it clear: You can't make money from violence, porn, and fake newsWine, yoga, and few things to buy: The stores of the futureBride's doughnut bouquets are a wedding treat we could really go for Europe's first underwater restaurant resembles a shipwrecked monolith Video ad fraud has been draining phone batteries Instagram tests letting you rethink your terrible new username Google's API changes will kill off some IFTTT functionality How to keep plastic out of the world's oceans Katy Perry dressed up as a scary good Hillary Clinton for Halloween Dan Levy announces 'Schitt's Creek' to end with sixth and final season Hillary Clinton replied to AOC's take down of Jared Kushner and we all need a minute Instagram artist brings weird seltzer water flavor fantasies to life NASA posts images of powerful fireball exploding over Earth MoviePass co Dad who dressed as Princess Peach for his daughter addresses critics in open letter Watch Idris Elba kickboxing and be thankful you're not fighting him Taipei raises rainbow flag at City Hall as thousands march in pride parade Why Facebook waited 3 months to disclose its latest privacy screw Election day cyberattack: It's coming, but probably won't matter 'PEN15' is a hilariously painful reminder that middle school mattered U.S. warns of more big floods throughout the country this spring Tavi Gevinson does the best, most frightening Elizabeth Holmes impression University makes fan remove Obama, Hillary mask with noose during game
1.4665s , 10108.171875 kb
Copyright © 2025 Powered by 【Roman Perez Jr. Archives】,Defense Information Network