Ted Farnsworth said Tuesday that he has stepped down from his role as chairman and CEO of MoviePass parent company Helios and Matheson Analytics and submitted an offer to acquire its assets, including MoviePass, along with its intellectual property, licensing rights, patents and related businesses.
The once influential theater subscription service that offered its users unlimited movies per month for a flat fee of $9.95 last week said it would shut down on Sept. 14.
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