In a SEC filing Thursday, Helios and Matheson said a special meeting of shareholders will be held July 23 at the Empire State Building in New York City to increase the number of the company’s authorized common stock from 500 million to 5 billion and approve a one-time reverse stock split. The issue has continued to decline in recent days in the wake of AMC’s launch last week of a discount pricing program allowing customers to see three movies a week for a $19.95 monthly fee.
Donner Pass has a well-known and macabre history - the place where George Donner and his party got stuck in the winter of 1846 and were forced to resort to cannibalism to keep from starving. DIRECTV customers, add the Movies Extra Pack, AMC+, Hallmark Movies Now, Lifetime Movie Club, A&E Crime Central, HISTORY Vault, Pantaya, UP Faith & Family. With Elise Robertson, Russ Russo, Joel Stoffer, Thomas Kopache. Stock of Helios and Matheson was off 2 cents to 19 cents a share on Thursday to close at another all-time low. Donner Pass: Directed by Elise Robertson. The company, owned by Helios and Matheson Analytics, recently launched a $164 million bond sale, announcing that it had reached an agreement with institutional investors to issue convertible notes for that amount, as well as 20,500 shares of preferred stock.
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The issue took a major hit after a May 8 filing with the Securities and Exchange Commission that revealed it had $15.5 million in available cash at the end of April, plus $27.9 million on deposit with merchants while monthly expenses totaled $21.7 million. But Wall Street has been losing faith in whether MoviePass can survive by selling data about its customers and striking marketing partnerships. MoviePass has more than 3 million subscribers and allows customers the chance to see a movie a day for a monthly fee of $9.99. “In the coming weeks, we’ll also be introducing Peak Pass, which allows members to waive one peak fee per month.” Movie Auditions & Casting Calls - Movie Extras, Feature & Indie Films.
“Peak Pricing will roll out to all subscribers over the next few weeks however, members on an annual or quarterly plan won’t experience the Peak Pricing feature until their membership renewal date,” it added. We are still in a testing period with this feature, and to start, members can expect a surcharge fee of anywhere between $2 and $6 dollars, depending on demand of the showtime in question.” The service also said, “Note: the actual Peak Pricing surcharge will vary based on showtime and movie title.”Īd additional statement issued later Thursday said, “Today, we began rolling out Peak Pricing in select markets with the intention of keeping our subscription service attractive while offsetting the high costs associated with heavy demand of certain films or showtimes.