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.
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.
- 5/30/2018
- by Brent Lang
- Variety Film + TV
Similar News
How Quentin Tarantino’s ‘The Movie Critic’ Fell Apart
- 4/23/2024
- by Borys Kit, Pamela McClintock and James Hibberd
- The Hollywood Reporter - Movie News
TCM Classic Film Festival Turns 15 with Se7en 8K IMAX Restoration, Lawrence of Arabia and The Searchers on 70mm & More
- 4/23/2024
- by Scott Nye
- The Film Stage
Ellen Travolta Is Headed Back to ‘General Hospital’ – Here’s Why
- 4/23/2024
- TV Insider
‘The Walking Dead’ Emmy Plans: Spin-Off ‘The Ones Who Live’ Submits for Limited Series, Danai Gurira Up for Both Acting and Writing
- 4/22/2024
- by Clayton Davis
- Variety Film + TV
Emmy-Nominated Series ‘Off Script With The Hollywood Reporter’ Gets Second Season at AMC Networks
- 4/22/2024
- by THR Staff
- The Hollywood Reporter - Movie News
Can You Watch Golden State Warriors 2024 NBA Playoff Games On Hulu?
- 4/20/2024
- by Thomas Waschenfelder
- The Streamable
Netflix CEO Ted Sarandos' pay package dipped in 2023, but still it was $49.8 mn
- 4/19/2024
- by Agency News Desk
- GlamSham
Morgan Wallen Takes Page From Taylor Swift Playbook To Re-Record Earlier, Disowned Song Track
- 1/26/2024
- by Greg Evans
- Deadline Film + TV
How to Watch the 2023 Gotham Awards
- 11/27/2023
- by Jaden Thompson
- Variety Film + TV
IMDb.com, Inc. takes no responsibility for the content or accuracy of the above news articles, Tweets, or blog posts. This content is published for the entertainment of our users only. The news articles, Tweets, and blog posts do not represent IMDb's opinions nor can we guarantee that the reporting therein is completely factual. Please visit the source responsible for the item in question to report any concerns you may have regarding content or accuracy.
More to explore
‘Wednesday’ Season 2 Casts Thandiwe Newton (Exclusive)
- 4/23/2024
- by Joe Otterson
- Variety - TV News
Terry Carter, ‘Battlestar Galactica’ and ‘McCloud’ Actor, Dies at 95
- 4/23/2024
- by Lexi Carson
- Variety - Film News
‘Deadpool and Wolverine’ Trailer: Hugh Jackman and Ryan Reynolds Fight to the F—ing Death in Raunchy MCU Debut
- 4/22/2024
- by Diego Ramos Bechara
- Variety - Film News
Netflix to Present Sneak Peek of New Wallace & Gromit, Zack Snyder’s ‘Twilight of the Gods’ at Annecy
- 4/22/2024
- by Scott Roxborough
- The Hollywood Reporter - Movie News
‘Lord of the Rings’ Owner Embracer to Separate Into Three Standalone Publicly Listed Entities
- 4/22/2024
- by Naman Ramachandran and K.J. Yossman
- Variety - Film News
Meg Bennett, Soap Opera Actress and Writer, Dies at 75
- 4/21/2024
- by Mike Barnes
- The Hollywood Reporter - Movie News
Chuwi Is the Voice of a New Puerto Rican Generation
- 4/23/2024
- by Juan Arroyo
- Popsugar.com
Camila Mendes on Why We Need More Latine Representation in Rom-Coms
- 4/22/2024
- by Brenda Barrientos
- Popsugar.com
Saraciea Fennell: "The Black Girl Survives in This One" Is the Representation I Didn't See in Horror Books
- 4/22/2024
- by Saraciea Fennell
- Popsugar.com
Tell Me Más: Bodine Talks New Album "Quemo Lento" and Growing From Hardships
- 4/22/2024
- by Juan Arroyo
- Popsugar.com
Tarantino’s ‘The Movie Critic’ Could Have Included Olivia Wilde & David Krumholtz, But Probably Not Tom Cruise
- 4/23/2024
- by Rodrigo Perez
- The Playlist
2 Crew Members Hospitalized in Accident on Set of Eddie Murphy Film ‘The Pickup’ for Amazon MGM
- 4/23/2024
- by Brian Welk
- Indiewire
Jerry Seinfeld Calls ‘Mad Men’ Finale the ‘Greatest Final Moment of a Series I’ve Ever Seen’
- 4/23/2024
- by Samantha Bergeson and Tony Maglio
- Indiewire
The ‘Shogun’ Finale Made It Clear Whose Story the Show Has Been Telling
- 4/23/2024
- by Sarah Shachat
- Indiewire
‘Humane’ Review: Caitlin Cronenberg’s Directorial Debut Is a Sharp but Slight Thriller About a Rich Family Forced to Sacrifice One of Their Own
- 4/23/2024
- by David Ehrlich
- Indiewire
‘Deadpool and Wolverine’ Trailer: Hugh Jackman and Ryan Reynolds Fight to the F—ing Death in Raunchy MCU Debut
- 4/22/2024
- by Diego Ramos Bechara
- Variety - Film News
Tarantino’s ‘The Movie Critic’ Could Have Included Olivia Wilde & David Krumholtz, But Probably Not Tom Cruise
- 4/23/2024
- by Rodrigo Perez
- The Playlist
2 Crew Members Hospitalized in Accident on Set of Eddie Murphy Film ‘The Pickup’ for Amazon MGM
- 4/23/2024
- by Brian Welk
- Indiewire
Netflix Is Set To Serve Up The Ultimate Tom Brady Roast
- 4/23/2024
- by Sandy Schaefer
- Slash Film
Jerry Seinfeld Calls ‘Mad Men’ Finale the ‘Greatest Final Moment of a Series I’ve Ever Seen’
- 4/23/2024
- by Samantha Bergeson and Tony Maglio
- Indiewire
‘Wednesday’ Season 2 Casts Thandiwe Newton (Exclusive)
- 4/23/2024
- by Joe Otterson
- Variety - TV News
Terry Carter, ‘Battlestar Galactica’ and ‘McCloud’ Actor, Dies at 95
- 4/23/2024
- by Lexi Carson
- Variety - Film News
Netflix to Present Sneak Peek of New Wallace & Gromit, Zack Snyder’s ‘Twilight of the Gods’ at Annecy
- 4/22/2024
- by Scott Roxborough
- The Hollywood Reporter - Movie News
‘Clue’ Film, TV Adaptations in the Works Under New Deal Between Hasbro and Sony
- 4/23/2024
- by Joe Otterson
- Variety - TV News
Sony Will Be the Latest to Try to Remake ‘Clue,’ This Time for Both Film and TV
- 4/23/2024
- by Brian Welk
- Indiewire Television