The CEO of MoviePass' parent company has stepped down and is trying to buy the movie-ticket subscription service, which shut down Saturday

Ted Farnsworth has stepped down as the CEO of Helios and Matheson Analytics, MoviePass' parent company. On Tuesday, the company announced that Farnsworth had submitted an offer to purchase MoviePass and other assets owned by Helios and Matheson, including MoviePass Film and Moviefone. Financial terms of the offer were not disclosed. During Farnsworth's time as CEO of Helios and Matheson, he spent hundreds of millions to try to keep MoviePass afloat.

Ted Farnsworth has stepped down as the CEO of Helios and Matheson Analytics, MoviePass' parent company. On Tuesday, the company announced that Farnsworth had submitted an offer to purchase MoviePass and other assets owned by Helios and Matheson, including MoviePass Film and Moviefone. Financial terms of the offer were not disclosed. During Farnsworth's time as CEO of Helios and Matheson, he spent hundreds of millions to try to keep MoviePass afloat.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

MoviePass Gets Takeover Offer From Group Led by Former CEO of Parent CompanyThe bid from Ted Farnsworth and others, whose price tag wasn't unveiled, includes production arm MoviePass Films, film co-acquisition arm MoviePass Ventures, and Moviefone.
Source: THR - 🏆 411. / 53 Read more »

AT&T CEO Calls Activist Investor's Letter a 'Mixed Bag'Randall Stephenson tells the Goldman Sachs Communacopia Conference some ideas from Elliott Management make 'a lot of sense,' says the company doesn't plan any major acquisitions and lauds WarnerMedia CEO John Stankey, his potential successor.
Source: THR - 🏆 411. / 53 Read more »