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Helios and Matheson Analytics CEO talks about plans after MoviePass spin-off

Helios and Matheson Analytics Inc (NASDAQ:HMNY) CEO Ted Farnsworth tells Proactive Investors the parent company of MoviePass has to spin off its discount movie service into a new subsidiary called MoviePass Entertainment Holdings Inc.

Farnsworth says now is the time for the spin-off because the entertainment side of the business is mature enough to separate from its parent company. Going forward, Helios and Matheson looks to acquire and grow technology companies.

Quick facts: Helios and Matheson Analytics Inc

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NASDAQ:HMNY
Market: NASDAQ
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