News

MoviePass Parent Company Acquiring Emmett Furla Oasis Films (Exclusive)

Helios and Matheson Analytics, the parent company of MoviePass, has acquired the exclusive option to buy Emmett Furla Oasis Films, the producers of “Lone Survivor” and “End of Watch,” Variety has learned.

If completed, the deal will enable the company to buy the entire film library and current production slate of Efo Films. Helios and Matheson plans to use the library and the filmmaking expertise of Efo Films to launch its own production company, MoviePass Films. Randall Emmett and George Furla will serve as co-ceo’s of the new venture.

The deal comes as MoviePass, best known for allowing customers to see a movie a day for less than $10 a month, is facing questions about its long-term future and current capitalization. Last week, Helios and Matheson’s stock fell to 40 cents-a-share, its lowest closing price, amid investor alarm about a cash shortage. In October, Helios and Matheson’s stock had been trading at $38.86 a share.

See full article on Variety