SHARE

Variety reports: “MoviePass’ parent company has launched a $164 million bond sale as the struggling subscription service tries to find ways to stay afloat and boost its dwindling stock price. Helios and Matheson, a data company that bought MoviePass in 2017, announced that it has reached an agreement with institutional investors to issue convertible notes for that amount, as well as 20,500 shares of preferred stock.”

Read more