Duo to Co-Release and Revenue-Share in Sundance
and Cannes Award-winning Films
MoviePass Films LLC, a film production company majority owned by
Helios and Matheson Analytics Inc. (Helios), and NEON Rated LLC,
the award-winning independent distribution company behind such
films as I, Tonya, Three Identical Strangers and Ingrid Goes West,
now share equity ownership, as the deal closed and was funded
September 21st, for the upcoming releases of Sundance award-winner
Monsters and Men and Cannes award-winner Border, both of which are
anticipated to open in the U.S. in the next few weeks.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20180924005510/en/
MoviePass Films Co-Acquires "Monsters and
Men" and "Border" with NEON (Photo: Business Wire)
Along with the MoviePass subscription service, the original
business model has always included ancillary revenue from theaters
that show its movies nationwide. The more box office revenue
achieved through its own movies and from partnership movies through
MoviePass Films, the more downstream revenue is derived from
streaming, DVD sales, transactional sales, international rights,
retail, etc., thereby contributing to the MoviePass ecosystem.
This partnership is a prime example. It will kick-off with the
New York City premiere of Monsters and Men on September 25, 2018,
ahead of the film’s New York and Los Angeles opening on September
27, 2018. The poignant drama, written and directed by Reinaldo
Marcus Green, and starring John David Washington and newcomers
Anthony Ramos and Kelvin Harrison Jr., won the Sundance Special
Jury Prize for Outstanding First Feature earlier this year. The
film will be available in theaters nationwide in mid-October
2018.
The partnership will continue with the later release of Border,
Ali Abassi’s stunning love story that took home the Top Prize in
the Cannes Film Festival’s Un Certain Regard sidebar earlier this
year. Border was recently selected as Sweden’s entry for best
foreign-language film at this year’s 91st Academy Awards by the
Swedish Film Institute.
“We’re thrilled to partner with NEON on these two films and to
be in business with an industry-leader such as NEON,” said
MoviePass Films CEO Randall Emmett. “The films are high-caliber,
prestige titles and are great fits for the MoviePass audience. We
look forward to partnering with NEON in the future. With these two
films in addition to our current slate of movies, MoviePass Films
will have year-round releases.”
MoviePass Films’ sister company MoviePass Inc., the nation’s
premier movie theater subscription service, will be making these
two films available to subscribers as "Bonus Movies" which will not
count toward their monthly in-theater movie allotment. Select
MoviePass subscribers will also have a chance to attend the film’s
red-carpet premieres and receive other special perks throughout the
duration of the partnership.
“It’s great to see the different Helios media companies coming
together and working towards generating more business for each
other,” noted Helios CEO and MoviePass Films Chairman Ted
Farnsworth. “Now with this NEON partnership, we have the honor to
work with an award-winning distribution studio partner and further
leverage the box office drive the MoviePass app offers theatrical
releases.”
NEON remarked, “We are so happy to find a partner in MoviePass
that shares our passion in supporting theatrical releases.”
MoviePass Films’ partnership with NEON on Monsters and Men and
Border follows on the heels of MoviePass Films having just wrapped
production on 10 Minutes Gone, starring Bruce Willis. Previously,
MoviePass Films produced Gotti, The Row, co-acquired American
Animals under MoviePass Ventures, and there is currently a slate of
10 films being prepared for production.
The deal with NEON was inked by Zac Bright, MoviePass Films’
President of Acquisitions, and NEON’s SVP of Acquisitions &
Production, Jeff Deutchman.
About Helios and Matheson Analytics
Helios and Matheson Analytics Inc. (Nasdaq: HMNY) (“Helios”) is
a provider of information technology services and solutions,
offering a range of technology platforms focusing on big data,
artificial intelligence, business intelligence, social listening,
and consumer-centric technology. Helios currently owns
approximately 92% of the outstanding shares (excluding options and
warrants) of MoviePass Inc., the nation's premier movie-theater
subscription service, 100% of the outstanding equity interests of
MoviePass Ventures LLC, and 51% of the outstanding equity interests
of MoviePass Films LLC. Helios' holdings also include RedZone Map™,
a safety and navigation app for iOS and Android users, and a
community-based ecosystem that features a socially empowered safety
map app that enhances mobile GPS navigation using advanced
proprietary technology. Helios also owns Moviefone, the
entertainment information and marketing service which helps provide
visitors with search and discovery. Helios is headquartered in New
York, NY and listed on the Nasdaq Capital Market under the symbol
HMNY. For more information, visit us at www.hmny.com.
About MoviePass Inc.
MoviePass Inc. (“MoviePass”) is a marketing technology platform
enhancing the exploration of film and the moviegoing experience. As
the nation's premier movie-theater subscription service, MoviePass
provides film enthusiasts the ability to attend select movies in
theaters. The service, now accepted at more than 91% of theaters
across the United States, is the nation's largest theater network.
Visit us at moviepass.com.
About MoviePass Films
Producers of Gotti, The Row, and 10 Minutes Gone, MoviePass
Films LLC (“MoviePass Films”) is 51% owned by Helios and Matheson
Analytics Inc. and 49% owned by Emmett Furla Oasis Films. MoviePass
Films focuses on studio-driven content and new film production for
theatrical release and other distribution channels.
About NEON
Founded in 2016, NEON is an award-winning independent film
distribution studio. Its debut film was Nacho Vigalondo's Colossal,
starring Anne Hathaway and Jason Sudeikis. NEON was an active
player at the 2018 Sundance Film Festival, acquiring Reinaldo
Marcus Green's Monsters & Men, winner of the Sundance Dramatic
Special Jury Award for Outstanding First Feature; Sam Levinson's
Assassination Nation; and Tim Wardle's Three Identical Strangers,
winner of the Sundance Special Jury Award for Storytelling. NEON
had a record-breaking year with the release of the runaway hit
winner I, Tonya, directed by Craig Gillespie, starring Margot
Robbie and 2018 Oscar Winner for Best Supporting, Actress Allison
Janney. Eliza Hittman's Sundance Award Winner Beach Rats, Matt
Spicer's Sundance and Spirit Award Winner Ingrid Goes West; Laura
Poitras's RISK, Ana Lily Amirpour's Venice Award Winner The Bad
Batch and Errol Morris', The B-Side. Other recent NEON releases
include Aaron Katz's Gemini; and the 2017 Toronto International
Film Festival Opening Night film by Janus Metz, Borg Vs McEnroe;
and Coralie Fargeat's groundbreaking feature film debut Revenge.
After their successful collaboration on I, Tonya, in January 2018,
30WEST (Dan Friedkin's and Micah Green's strategic venture)
partnered with NEON's Tom Quinn (Founder & CEO) and Tim League
(Co-Founder) to become the majority investors in the company. At
this year’s Toronto International Film Festival NEON purchased
Brady Corbet's Natalie Portman starrer, Vox Lux, Tom Harper’s Wild
Rose and John Chester’s The Biggest Little Farm.
Cautionary Statement on Forward-looking Information
Certain statements in this communication contain forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995 or under Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange Act of
1934, as amended (collectively, “forward-looking statements”) that
may not be based on historical fact, but instead relate to future
events, including without limitation statements containing the
words “believe”, “may”, “plan”, “will”, “estimate”, “continue”,
“anticipate”, “intend”, “expect” and similar expressions. All
statements other than statements of historical fact included in
this communication are forward-looking statements.
Such forward-looking statements are based on a number of
assumptions. Although Helios’ management believes that the
assumptions made and expectations represented by such statements
are reasonable, there can be no assurance that a forward-looking
statement contained herein will prove to be accurate. Actual
results and developments (including, without limitation, the
potential benefits to Helios from its partnership with Emmett Furla
Oasis Films through MoviePass Films LLC, the ability of MoviePass
to derive economic benefits from the partnership between MoviePass
Films LLC and NEON and whether the films Monsters and Men and
Border will yield economic benefits to Helios) may differ
significantly from those expressed or implied by the
forward-looking statements contained herein, and even if such
actual results and developments are realized or substantially
realized, there can be no assurance that they will have the
expected consequences or effects. Risk factors and other material
information concerning Helios and MoviePass are described in
Helios’ Annual Report on Form 10-K for the fiscal year ended
December 31, 2017, its quarterly reports on Form 10-Q for the
quarters ended March 31, 2018 and June 30, 2018 and other filings,
including subsequent current and periodic reports, proxy statements
and registration statements filed with the U.S. Securities and
Exchange Commission. You are cautioned to review such reports and
other filings at www.sec.gov.
Given these risks, uncertainties and factors, you are cautioned
not to place undue reliance on such forward-looking statements and
information, which are qualified in their entirety by this
cautionary statement. All forward-looking statements and
information made herein are based on Helios’ current expectations
and Helios does not undertake an obligation to revise or update
such forward-looking statements and information to reflect
subsequent events or circumstances, except as required by law.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20180924005510/en/
HMNY Contact:The Pollack PR Marketing GroupStephanie
Goldman/Mark Havenner, 310-556-4443sgoldman@ppmgcorp.com /
mhavenner@ppmgcorp.comorMoviePass Contact:LaunchSquad for
MoviePassGavin Skillman, 212-564-3665moviepass@launchsquad.com
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