MPV will Participate in Revenue from the
Gambino Family Crime Drama Starring Two-Time Oscar Nominated and
Golden Globe Winner John Travolta
MoviePass Ventures, a wholly-owned subsidiary of Helios and
Matheson Analytics Inc (Nasdaq: HMNY) (“HMNY”), announced today
that it has acquired an equity stake in the motion picture Gotti,
starring John Travolta as the infamous New York City mobster and
boss of the Gambino crime family, John Gotti.
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MoviePass Ventures acquires stake in
Gotti Movie. (Photo: Business Wire)
The Gotti deal marks MoviePass Ventures’ second independent film
rights deal, following its co-acquisition of the 2018 Sundance Film
Festival fan favorite American Animals with The Orchard earlier
this year. MoviePass Ventures allows MoviePass™ to further
integrate its pioneering service with the movie industry and
leverage its millions of subscribers to help create success for
independent films in the theatrical window. By utilizing the
MoviePass™ marketing platform to drive traffic to the theater,
MoviePass Ventures hopes to capture additional revenue from
downstream windows, including other forms of international,
domestic, and streaming distribution in addition to merchandising,
music and other ancillary rights.
“Gotti is precisely the type of film we established MoviePass
Ventures to support,” said Mitch Lowe, CEO of MoviePass. “We are
helping boost traffic to these theaters for people to see these
great films. This is an ambitious movie for which we’re thrilled to
offer exclusive opportunities, such as exclusive tickets to the
U.S. premiere event, word of mouth screenings and other Gotti
related events, to our nationwide subscriber base.”
Directed by Kevin Connolly and Produced by Randall Emmett (Lone
Survivor, 2 Guns, Irishman (2020), George Furla, Mark Fiore, and
Michael Frosch, Gotti stars John Travolta as John Gotti, Kelly
Preston as Victoria Gotti, as well as Stacy Keach, Pruitt Taylor
Vince, Spencer Lofranco, William DeMeo, Leo Rossi, and Victor
Gojcaj.
“Acquiring a stake in Gotti is exciting for MoviePass Ventures,
because we’ve learned that a large impact in the box office equates
to an even larger, positive impact on downstream revenue such as
theatrical domestic and international distribution rights,
streaming rights, DVD rights, transactional rights (Itunes),
on-demand, and foreign movie rights,” said Ted Farnsworth,
Chairman/CEO of Helios and Matheson. “Now MoviePass™ and MoviePass
Ventures have the ability to participate in all of these potential
revenue streams.”
The Gotti deal was led by Ted Farnsworth and Zac Bright on
behalf of MoviePass Ventures along with Tom Ara of Greenberg
Traurig, LLP and Randall Emmett and George Furla of
Emmett/Furla/Oasis Films.
About MoviePass
MoviePass Inc. is a technology company dedicated to enhancing
the exploration of cinema. As the nation's premier movie-theater
subscription service, MoviePass provides film enthusiasts the
ability to attend up to one movie per day for a low subscription
price. The service, now accepted at more than 91% of theaters
across the United States, is the nation's largest theater network.
For more information, visit www.moviepass.com.
About MoviePass Ventures
MoviePass Ventures, a wholly-owned subsidiary of HMNY, is
dedicated to supporting independent filmmakers and distributors.
Announced at the 2018 Sundance Film Festival, MoviePass Ventures
collaborates with film distributors and creatives to co-acquire
rights in films and offer them enhanced performance in the
theatrical window.
About Helios and Matheson
Helios and Matheson Analytics Inc. (Nasdaq: HMNY) is a provider
of information technology services and solutions, offering a range
of technology platforms focusing on big data, artificial
intelligence, business intelligence, social listening, and
consumer-centric technology. HMNY owns approximately 92% of the
outstanding shares (excluding options and warrants) of MoviePass
Inc., the nation's premier movie-theater subscription service.
HMNY’s holdings include RedZone Map™, a safety and navigation app
for iOS and Android users, and a community-based ecosystem that
features a socially empowered safety map app that enhances mobile
GPS navigation using advanced proprietary technology. HMNY is
headquartered in New York, NY and listed on the Nasdaq Capital
Market under the symbol HMNY. For more information, visit us at
www.hmny.com.
Cautionary Statement on Forward-looking Information
Certain information in this communication contains
"forward-looking statements" about HMNY and MoviePass Inc.
("MoviePass") within the meaning of the Private Securities
Litigation Reform Act of 1995 or under Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended (collectively,
"forward-looking statements"), that may not be based on historical
fact, but instead relate to future events. Forward-looking
statements are generally identified by words such as "projects,"
"may," "will," "could," "would," "should," "believes," "expects,"
"anticipates," "estimates," "intends," "plans," "potential" or
similar expressions. Such forward-looking statements include,
without limitation, statements regarding MoviePass' business and
prospects. Statements regarding future events are based on HMNY's
and MoviePass' current expectations and are necessarily subject to
associated risks.
Such forward-looking statements are based on a number of
assumptions. Although management of HMNY and MoviePass believe that
the assumptions made and expectations represented by such
statements are reasonable, there can be no assurance that a
forward-looking statement contained herein will prove to be
accurate. Actual results and developments (including, without
limitation, the ability of MoviePass Ventures to derive financial
benefits from its stake in the Gotti movie and for HMNY, MoviePass
Ventures and MoviePass collectively to derive enough revenue from
revenue streams other than MoviePass subscriber revenue to enable
the MoviePass business model to succeed) may differ materially and
adversely from those expressed or implied by the forward-looking
statements contained herein and even if such actual results and
developments are realized or substantially realized, there can be
no assurance that they will have the expected consequences or
effects.
Risk factors and other material information concerning HMNY and
MoviePass are described in HMNY's Annual Report on Form 10-K for
the fiscal year ended December 31, 2017, filed with the U.S.
Securities and Exchange Commission on April 17, 2018, and other
HMNY filings, including subsequent current and periodic reports,
information statements and registration statements filed with the
SEC. You are cautioned to review such reports and other filings at
www.sec.gov.
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version on businesswire.com: https://www.businesswire.com/news/home/20180425006023/en/
HMNY Contact:The Pollack PR Marketing GroupStephanie
Goldman/Mark Havenner, 310-556-4443sgoldman@ppmgcorp.com /
mhavenner@ppmgcorp.comorMoviePass Contact:LaunchSquad for
MoviePassGavin Skillman, 212-564-3665moviepass@launchsquad.com
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