HMNY raises $65 million in new funding, says it has its spending under control, share price climbs up 175%.

  • 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.

www.businessinsider.com/moviepass-owner-hmny-announces-it-raised-65-million-in-new-funding-in-september-2018-10

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