NEW YORK, March 27, 2018 (GLOBE NEWSWIRE) -- MoviePass™, the nation’s premier movie theater subscription service and a majority-owned subsidiary of Helios and Matheson Analytics Inc. (Nasdaq:HMNY), today announced an agreement with Landmark Theatres, the nation’s largest theater circuit dedicated to exhibiting and marketing independent film. Landmark Theatres is owned by Wagner/Cuban Companies, a group of media properties co-owned by Todd Wagner and Mark Cuban.
Through this agreement, MoviePass will be integrated into Landmark Theatres’ ticketing system. MoviePass members who use the service at Landmark Theatres will be able to take advantage of added benefits and features including e-ticketing, advanced screening reservations, and in-app seat selection. MoviePass currently serves over two million members nationwide and Landmark Theatres operates 255 screens across 53 theaters across 27 markets nationwide including Florida, Illinois, Los Angeles, Maryland, Michigan, Minnesota, New York, Texas, and Wisconsin.
“We are excited to offer MoviePass customers access to our Landmark Theatres,” said Mark Cuban. “There is no better place to watch a movie than Landmark and now MoviePass customers will be able to enjoy all of our theaters.”
“Our relationship with Landmark represents another milestone achievement in our journey to enhancing the current movie theater ecosystem,” said Bernadette McCabe, Senior Vice President of Exhibitor Relations & Business Strategy at MoviePass. “It’s another step towards educating exhibitors on how we can work together in a mutually beneficial way to create a valuable and cost-effective experience for moviegoers.”
About Helios and Matheson
Helios and Matheson Analytics Inc. (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 a majority interest in 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.
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 Landmark Theatres
Landmark Theatres is a recognized leader in the industry for providing its customers consistently diverse and entertaining film products in a sophisticated adult-oriented atmosphere. Our theaters showcase a wide variety of films — ranging from independent and foreign film to 3-D movies and smart films from Hollywood. Landmark Theatres is the nation's largest theater chain dedicated to exhibiting and marketing independent film. Landmark Theatres is part of the Wagner/Cuban Companies, a vertically integrated group of media properties co-owned by Todd Wagner and Mark Cuban that also includes theatrical and home entertainment distribution company Magnolia Pictures, production company 2929 Productions, and high definition networks AXS TV and HDNet Movies.
About Wagner/Cuban Companies
Entrepreneurs Todd Wagner and Mark Cuban have established a vertically integrated media and entertainment company with holdings that cover all aspects of the entertainment pipeline: from development and production to distribution and exhibition -- spanning film, TV and home entertainment with a specialized niche in digital content. The Wagner/Cuban entertainment holdings include movie production company 2929 Productions, theatrical and home entertainment distributor Magnolia Pictures, the Landmark Theatres chain and high-definition cable networks AXS TV and HDNet Movies.
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 HMNY and MoviePass to derive financial benefits from the agreement with Landmark Theatres and the integration of MoviePass with Landmark Theatres’ ticketing system) 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 Quarterly Report on Form 10-Q, for the quarter ended September 30, 2017 filed with the SEC on November 14, 2017, in HMNY’s Annual Report on Form 10-K for the fiscal year ended December 31, 2016 filed with the SEC on April 14, 2017, in HMNY’s Current Report on Form 8-K filed on November 30, 2017 (as amended on February 9, 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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