Helios And Matheson Rises After Announcing MovieFone Acquisition
Shares of Helios and Matheson Analytics (HMNY) are rising after the company announced the acquisition of MovieFone from Verizon’s (VZ) Oath in order to build out its movie theater subscription service MoviePass. MOVIEFONE TAKEOVER: On Thursday, Helios and Matheson and majority-owned subsidiary MoviePass announced that the company has acquired Moviefone, an entertainment service owned by…