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Helios & Matheson Analytics Files To Spin Off Movie Pass

Helios & Matheson Analytics Inc., the parent company of Movie Pass, has filed with the Securities and Exchange Commission to spin off the cinema discount-ticketing service.

The company had announced in October that it would spin off the service. The company's board had approved a plan to create a subsidiary called MoviePass Entertainment Holdings Inc. The subsidiary will control the company's subscription-service and film-production arm and be spun off as a separate publicly traded company.

The company plans to list the shares on Nasdaq or an alternative exchange, and distribute some of MoviePass shares as a dividend to shareholders as of a record date yet to be determined. Helios & Matheson will retain a controlling stake in MoviePass.

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