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Helios and Matheson Analytics CEO talks about plans after MoviePass spin-off

Helios and Matheson Analytics Inc (NASDAQ:HMNY) CEO Ted Farnsworth tells Proactive Investors the parent company of MoviePass has to spin off its discount movie service into a new subsidiary called MoviePass Entertainment Holdings Inc.

Farnsworth says now is the time for the spin-off because the entertainment side of the business is mature enough to separate from its parent company. Going forward, Helios and Matheson looks to acquire and grow technology companies.

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