Helios and Matheson is planning to spin off struggling film subscription service, MoviePass Entertainment Holdings , 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, Matheson . Helios and Moviefone gained control of MoviePass in 2018 . However, the service has had issues throughout December 2017 , even temporarily going 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 subscription 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. Helios and Matheson gained control of MoviePass in December 2017. However, the service has had issues throughout 2018, even temporarily going down after it ran out of money. Its parent company has invested heavily to maintain its survival.