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Blockchain watch: MoviePass owner hints at ICO

Published 01/10/2018, 08:25 AM
Updated 01/10/2018, 08:25 AM
© Reuters.  Blockchain watch: MoviePass owner hints at ICO
  • Shares of Helios and Matheson Analytics (NASDAQ:HMNY) jump in premarket trading after CEO Ted Farnsworth tips off that the MoviePass owner has explored blockchain technology for over a year and would consider an initial coin offering.
  • It's worth keeping an eye on Helios after former Dow stalwart Kodak more than doubled in share price after an ICO/blockchain pivot. Yesterday. MoviePass announced that it now has more than 1.5M members in a development that is being closely watched in the exhibitor sector (IMAX, AMC, RGC, RDI, MCS, CNK, NFLX).
  • Is an even higher market cap for Helios supportive of the movie theater sector? And what are the implications for Netflix if the MoviePass army continues to explode?
  • Previously: MoviePass army up to 1.5M (Jan. 9)
  • HMNY +12.15% premarket to $8.03.
  • Now read: Netflix Needs Theatrical Distribution/Acquisition To Compete With Disney


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