- Ted Farnsworth, the CEO of Helios and Matheson Analytics, which owns MoviePass, said on Tuesday that the company had raised $65 million in new funding.
- He also said MoviePass had controlled its spending since changing to a three-movies-per-month plan.
MoviePass isn’t going anywhere — at least, that’s according to Ted Farnsworth, the CEO of Helios and Matheson Analytics, which owns MoviePass.
Farnsworth said just that on Tuesday while speaking at the entertainment-media conference TheGrill in Los Angeles.
According to The Wrap, which puts on the event, Farnsworth insisted the company was not going bankrupt and said it raised $65 million in new funding last month.