By Walt Hickey Chapter 9 It’s happened: Helios & Matheson Analytics, the owner of MoviePass, the once-great $9.95 per month subscription service to see movies in-theater, has sought Chapter 7 protection. The interim CEO and CFO have quit, as have the entire remaining board. As befits an end of a company like MoviePass, there are wildly conflicting and inherently hilarious discrepancies in how much money the company — which effectively enacted a wealth transfer from creditors to cinephiles — is in the red. The publicly traded company has liabilities of as much as $50 million and assets below $10 million. However, other pages in the filings paint a more dire picture, showing MoviePass’ parent owes debts of
Good on Canada. Meanwhile, here in Trump-land, we are ridiculously trying to move in the opposite direction.