Brief: Helios And Matheson Analytics Launches Moviepass Films And Agrees To Acquire Emmett Furla Oasis Films

Helios and Matheson Analytics

30/05/2018 14:14

May 30 (Reuters) - Helios and Matheson Analytics Inc
 HMNY.O :
    * HELIOS AND MATHESON ANALYTICS LAUNCHES MOVIEPASS FILMS™
AND
AGREES TO ACQUIRE EMMETT FURLA OASIS FILMS
    * HELIOS AND MATHESON ANALYTICS INC - HELIOS OWNS 51% AND
EFO
FILMS OWNS 49% OF MOVIEPASS FILMS
    * HELIOS AND MATHESON ANALYTICS - EMMETT FURLA OASIS FILMS
GRANTED
HELIOS EXCLUSIVE OPTION TO BUYT ENTIRE FILM LIBRARY & CURRENT
PRODUCTION SLATE OF EFO FILMS
    * HELIOS AND MATHESON ANALYTICS-MOVIEPASS FILMS TO FOCUS ON
STUDIO-DRIVEN CONTENT, NEW FILM PRODUCTION FOR THEATRICAL
RELEASE, OTHER DISTRIBUTION CHANNELS
    * HELIOS AND MATHESON ANALYTICS INC - RANDALL EMMETT AND
GEORGE
FURLA WILL SERVE AS CO-CEO'S OF MOVIEPASS FILMS
    * HELIOS AND MATHESON ANALYTICS INC - MOVIEPASS FILMS'
CHAIRMAN OF
BOARD WILL BE TED FARNSWORTH
    * HELIOS AND MATHESON ANALYTICS INC - MOVIEPASS FILMS WILL
OWN &
CONTROL ALL REVENUE STREAMS FROM THEATRICAL RELEASE,
TRANSACTIONAL SALES, ETC
    * HELIOS AND MATHESON ANALYTICS INC - TERMS OF DEAL WERE NOT
DISCLOSED, HOWEVER BOTH PARTIES AGREED ON A PAYMENT IN FORM CASH
AND STOCK
    * HELIOS AND MATHESON ANALYTICS INC - MOVIEPASS FILMS WILL
PAY
MOVIEPASS FOR ANY MARKETING SERVICES PROVIDED TO MARKET
MOVIEPASS FILMS PRODUCTIONS

Source text for Eikon:  ID:nBw9PDYRsa 
Further company coverage:  HMNY.O 

 ((Reuters.Briefs@thomsonreuters.com;))