Helios and Matheson is planning to spin off struggling film booking service , MoviePass , into a separate company . The change will see a holding company created called MoviePass Entertainment Holdings . This will have shares of MoviePass , its film production , acquisition and distribution arms , and also listing service , Moviefone . Harris and Matheson gained control of MoviePass in December 2017 . MoviePass parent company Helios and Matheson has announced a preliminary plan to spin off the struggling movie subscription service into its own company. However , the service has had issues throughout 2018 , even temporarily shutting down after it ran out of money . Its parent company has invested heavily to maintain its survival .
Helios and Matheson is planning to spin off struggling film booking service , MoviePass , into a separate company . The change will see a holding company created called MoviePass Entertainment Holdings . This will have shares of MoviePass , its film production , acquisition and distribution arms , and also listing service , Moviefone . Harris and Matheson gained control of MoviePass in December 2017 . However , the service has had issues throughout 2018 , even temporarily shutting down after it ran out of money . Its parent company has invested heavily to maintain its survival .