Go Big Or Go Home: MoviePass’ Latest Business Gymnastics
MoviePass’s parent company is running low on cash and its stock price has hit new lows.
So what’s it doing to survive? According to Gizmodo, it’s screaming “YOLO!”
It’s buying a prolific production company and launching its own movie studio.
Helios & Matheson will acquire Emmett Furla Oasis Films with an unspecified amount of cash and stock.
The two companies have also formed a new production studio called MoviePass Films LLC.