MoviePass Films to Own and Control All
Studio-Driven Content and Revenues
Helios and Matheson Analytics Inc. (Nasdaq: HMNY) (“Helios”)
announced today that Emmett Furla Oasis Films (“EFO Films”) has
granted Helios the exclusive option to acquire the entire film
library and current production slate of EFO Films. The EFO Films
library includes acclaimed titles such as Lone Survivor and Broken
City and features A-List actors such as Mark Wahlberg, 50 Cent,
Sylvester Stallone, Bruce Willis, Arnold Schwarzenegger, John
Travolta, Denzel Washington, Nicolas Cage, Robert De Niro, Al
Pacino, Kate Bosworth, Leelee Sobieski, Anna Kendrick and Ellen
Burstyn. The EFO Films library also includes the upcoming titles
Boss Level starring Naomi Watts, Mel Gibson and Anabelle Wallis,
2Guns, Escape Plan 2 and Escape Plan 3 starring Sylvester Stallone
and Dave Bautista, The Irishman starring Robert De Niro, Al Pacino
and Jesse Plemons, and The Iconic Video Game ASTEROIDS by ATARI,
including others in production, with the goal of 12 to 15 films
over the next year.
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Helios and Matheson Analytics Launches
MoviePass Films™ (Photo: Business Wire)
Helios also announced today that it has formed MoviePass Films
LLC (“MoviePass Films”) with Emmett Furla Oasis Films (“EFO
Films”). Helios owns 51% and EFO Films owns 49% of MoviePass Films.
MoviePass Films will focus on studio-driven content and new film
production for theatrical release and other distribution channels.
Hollywood veterans Randall Emmett and George Furla will serve as
Co-CEO’s of MoviePass Films; MoviePass Films’ Chairman of the Board
will be Ted Farnsworth. Mitch Lowe will hold a Board seat as well,
and Farnsworth and Lowe will work together day-to-day to execute
the strategy between MoviePass and MoviePass Films. Terms of the
deal were not disclosed, however both parties agreed on a payment
in the form cash and stock.
Helios plans to capitalize on the unique capabilities of its
subsidiary, MoviePass Inc. (“MoviePass”), to market future
MoviePass Films productions to millions of MoviePass subscribers
and moviegoers everywhere. MoviePass Films will pay MoviePass for
any marketing services provided to market MoviePass Films
productions. MoviePass Films will own and control all revenue
streams from theatrical release, domestic and foreign distribution
rights, streaming, retail, DVD sales, transactional sales, etc.
“To have such a well-known, quality production company join
forces with the Helios/MoviePass group of companies is truly
remarkable,” said Mitch Lowe, MoviePass’ CEO. “Since we began
disrupting the movie industry with our unprecedented low-cost movie
theater subscription service, MoviePass™, we have envisioned owning
and developing our own studio content and using the power of our
several million subscribers to bolster the success of the box
office for our films. I believe MoviePass Films will accelerate
those efforts and demonstrate the power of MoviePass to drive movie
theater attendance and downstream sales, for the benefit of
moviegoers, movie theaters, studios and the film entertainment
ecosystem as a whole,” concluded Mr. Lowe.
Helios believes its acquisition of the current production slate
of EFO Films and the leadership of MoviePass Films by veteran
producers Randall Emmett and George Furla will accelerate Helios’
plan to produce its own movies for theatrical release, create new
revenue opportunities for MoviePass’ marketing services, fill
theater seats throughout the United States for MoviePass Films
productions to the benefit of exhibitors, and enable MoviePass
Films to participate in box office and downstream revenues from its
proprietary content.
“To do a deal with Helios and MoviePass is epic for us,” said
Randall Emmett of EFO Films. The MoviePass™ subscription service
has totally disrupted the movie industry, for the better. When we
worked with MoviePass Ventures on the movie Gotti, starring John
Travolta, which premiered at Cannes and is set for release this
coming June 15 – I immediately saw how revolutionary the MoviePass™
service is. I have never seen any player in our industry move so
quickly and gain such a large following in such a short period of
time. What impresses me the most is that MoviePass can guarantee
box office attendance, which is a game changer. I don’t believe
anybody else can do that,” concluded Mr. Emmett.
“Ever since we co-acquired our first film with MoviePass
Ventures, American Animals, which is set for release June 1, we’ve
been looking for an opportunity to acquire and produce studio
content on a larger scale and prove the power of the MoviePass™
service in the process. We believe we’ve found that opportunity
with Emmett Furla Oasis Films. Along with MoviePass Films,
MoviePass Ventures, our studio driven production company and our
independent film investment division, will play an integral role in
our business strategy,” said Ted Farnsworth, Chairman and CEO of
Helios. “We believe the track record of Randall Emmett and George
Furla over the last twenty years speaks for itself. For MoviePass
to have the opportunity to jump in the middle of new high-caliber
productions that are already underway, becoming a part of that, is
more exciting for Helios and MoviePass than I ever could have
imagined,” concluded Mr. Farnsworth.
About MoviePass Inc.
MoviePass Inc. (“MoviePass”) is a marketing technology platform
enhancing the exploration of film and the moviegoing experience. As
the nation's premier movie-theater subscription service, MoviePass
provides film enthusiasts the ability to attend up to one new movie
title per day in theaters. The service, now accepted at more than
91% of theaters across the United States, is the nation's largest
theater network. Visit us at moviepass.com
About Helios and Matheson Analytics
Helios and Matheson Analytics Inc. (Nasdaq:HMNY) (“Helios”) 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. Helios currently owns approximately
92% of the outstanding shares (excluding options and warrants) of
MoviePass Inc., the nation's premier movie-theater subscription
service. Helios'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. Helios is headquartered in New York, NY and listed on
the Nasdaq Capital Market under the symbol Helios. For more
information, visit us at www.hmny.com.
About Emmett Furla Oasis Films
Emmett Furla Oasis Films (“EFO Films”) was founded in 1998 and
was a combination of Randall Emmett’s extensive entertainment
industry experience and George Furla’s business expertise. In 2013
a collaboration was finalized with Oasis Ventures Entertainment.
The success to date has been rooted in EFO Films’ ability to
facilitate relationships between top creative talent (including
actors, writers, and directors) and companies that produce,
finance, and distribute motion pictures. To date, EFO Films has
produced over 80 films that have grossed in excess of $1 Billion
box office ticket sales worldwide. The films include The Amityville
Horror, Rambo, 16 Blocks, End of Watch, Broken City, The Frozen
Ground, Escape Plan, 2Guns and Lone Survivor. In 2018 EFO Films is
producing a wide range of movies including the following: Martin
Scorsese’s Silence, the TUPAC biopic, Extraction and in
collaboration with Hasbro the world’s first Monopoly movie and
Hungry Hungry Hippos.
Cautionary Statement on Forward-looking Information
Certain statements in this communication contain forward-looking
statements 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, including without limitation statements containing the
words “believe”, “may”, “plan”, “will”, “estimate”, “continue”,
“anticipate”, “intend”, “expect” and similar expressions. All
statements other than statements of historical fact included in
this communication are forward-looking statements.
Such forward-looking statements are based on a number of
assumptions. Although Helios’s management believes 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
potential benefits of Helios’s partnership with Emmett Furla Oasis
Films through MoviePass Films as described herein) may differ
significantly 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 Helios and MoviePass are described in its
Annual Report on Form 10-K for the fiscal year ended December 31,
2017, its quarterly report on Form 10-Q for the quarter ended March
31, 2018 and other filings, including subsequent current and
periodic reports, information statements and registration
statements filed with the U.S. Securities and Exchange Commission.
You are cautioned to review such reports and other filings at
www.sec.gov.
Given these risks, uncertainties and factors, you are cautioned
not to place undue reliance on such forward-looking statements and
information, which are qualified in their entirety by this
cautionary statement. All forward-looking statements and
information made herein are based on Helios’s current expectations
and Helios does not undertake an obligation to revise or update
such forward-looking statements and information to reflect
subsequent events or circumstances, except as required by law.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20180530005842/en/
HMNY Contact:The Pollack PR Marketing GroupStephanie
Goldman/Mark Havenner, 310-556-4443sgoldman@ppmgcorp.com /
mhavenner@ppmgcorp.comorMoviePass Contact:LaunchSquad for
MoviePassGavin Skillman, 212-564-3665moviepass@launchsquad.com
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