Helios and Matheson Analytics Inc. Announces Preliminary Plan to Spin Off MoviePass Entertainment Entity as Separate Public Company

NEW YORK--(BUSINESS WIRE)--Helios and Matheson Analytics Inc. (Nasdaq: HMNY) (“HMNY”), a provider of information technology services and solutions, today announced that its Board of Directors preliminarily has approved a plan to create a vertically integrated film production, marketing and exhibition company. To do this, HMNY would create a new subsidiary named MoviePass Entertainment Holdings Inc. (“MoviePass Entertainment”) that would take ownership of the shares of MoviePass Inc. (“MoviePass”) and other film related assets held by HMNY.