Silicon Valley Backed Leading On-Demand
Delivery Service in Major Metropolitan Markets Engages Leading
Movie Theater Subscription Company
MoviePass™, the nation's premier movie-theater subscription
service and a majority-owned subsidiary of Helios and Matheson
Analytics Inc. (NASDAQ: HMNY), and Postmates, the only on-demand
platform that can deliver anything from anywhere, announced today
that MoviePass members will be offered special discounts and credit
toward both services through promotions within the MoviePass
app.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20180830005477/en/
MoviePass partners with Postmates to
offer subscribers added benefits (Photo: Business Wire)
This MoviePass and Postmates engagement provides an additional
benefit to MoviePass members as MoviePass continues building upon
its plans for long-term growth. MoviePass will promote Postmates
within its app and on Helios’ Moviefone.com website and provide
MoviePass members with access to Postmates delivery credits, a
week-long free trial of subscription service, Postmates Unlimited,
and a credit toward one month of MoviePass.
Postmates is a market leader and as the originators of on-demand
'anything,' Postmates gives customers access to over 250,000
merchants that were previously inaccessible online in over 385
cities. Postmates has helped create an alternative infrastructure
for local businesses to better compete against retail goliaths. The
company now completes millions of deliveries a month, and generates
over a billion dollars in GMV annually.
This relationship is part of MoviePass’ larger strategy to
provide an array of valuable deals to its member-base, tapping
different companies and brands to develop creative and innovative
consumer offerings. Previous MoviePass brand partners include
iHeartMedia, Fandor, Costco and others. Additionally, this
relationship furthers MoviePass’ ongoing effort to develop
non-subscription-based revenue channels.
“We are delighted to partner with Postmates, a Silicon Valley
company using great technology to bring great products to
everyone’s door. Working with Postmates allows us to continue
demonstrating the monetization of our database in creative ways,
still placing the utmost value on the privacy of our subscribers,”
said MoviePass CEO Mitch Lowe. “As part of our ongoing commitment
to continually enhance the value of the MoviePass subscription for
our subscribers and knowing that the vast majority of our
subscribers generally have at least one streaming subscription at
home, it was a no-brainer to bring them real value not just at the
movies but on the comfort of their couches through our relationship
with our friends at Postmates.”
“The large MoviePass member base has created revenue sharing
opportunities for us to partner with companies like Postmates –
which we plan to use to benefit our MoviePass members,” said Helios
Chairman and CEO Ted Farnsworth. “Our vision is that for just $9.95
each month – MoviePass members can not only see 3 movies in
theaters, and additional movies at a discount, but also become
members of a ‘club’ who are rewarded through discounts on services
with MoviePass partnerships – increasing the value of that $9.95
monthly membership. We believe the Postmates partnership opens up
an additional revenue stream for MoviePass and is a step further
towards diversifying our sources of revenue.”
About MoviePass Inc.
MoviePass Inc. (“MoviePass”) is a marketing technology platform
enhancing the exploration of film and the moviegoing experience. As
the nation's premier movie-theater subscription service, MoviePass
provides film enthusiasts the ability to attend select new movies
in theaters. The service, now accepted at more than 91% of theaters
across the United States, is the nation's largest theater network.
Visit us at moviepass.com.
About Helios and Matheson Analytics
Helios and Matheson Analytics Inc. (Nasdaq:HMNY) (“Helios”) is a
provider of information technology services and solutions, offering
a range of technology platforms focusing on big data, artificial
intelligence, business intelligence, social listening, and
consumer-centric technology. Helios currently owns approximately
92% of the outstanding shares (excluding options and warrants) of
MoviePass Inc., the nation's premier movie-theater subscription
service. Helios's holdings include RedZone Map™, a safety and
navigation app for iOS and Android users, and a community-based
ecosystem that features a socially empowered safety map app that
enhances mobile GPS navigation using advanced proprietary
technology. Helios is headquartered in New York, NY and listed on
the Nasdaq Capital Market under the symbol HMNY. For more
information, visit us at www.hmny.com.
About Postmates
Postmates helps people unlock the best of their cities – and
their lives, with an insanely reliable on-demand "anything"
network. Launched in 2011, Postmates pioneered the on-demand
delivery movement in the US by offering delivery from restaurants
and stores previously only available offline. The company now
operates in 385 US cities, as well as Mexico, and provides access
to over 250,000 merchants. Postmates is headquartered in San
Francisco and has 680 employees. Learn more: www.postmates.com.
Cautionary Statement on Forward-looking Information
Certain statements in this communication contain forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995 or under Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange Act of
1934, as amended (collectively, “forward-looking statements”) that
may not be based on historical fact, but instead relate to future
events, including without limitation statements containing the
words “believe”, “may”, “plan”, “will”, “estimate”, “continue”,
“anticipate”, “intend”, “expect”, “project” and similar
expressions. All statements other than statements of historical
fact included in this communication are forward-looking
statements.
Such forward-looking statements are based on a number of
assumptions. Although Helios’ management believes that the
assumptions made and expectations represented by such statements
are reasonable, there can be no assurance that a forward-looking
statement contained herein will prove to be accurate. Actual
results and developments (including, without limitation, plans for
long-term growth and profitability) may differ significantly from
those expressed or implied by the forward-looking statements
contained herein and even if such actual results and developments
are realized or substantially realized, there can be no assurance
that they will have the expected consequences or effects. Risk
factors include, among other things: the ability to successfully
develop non-subscription based revenue channels through partners
such as Postmates; whether or not MoviePass subscribers will
utilize the Postmates promotions; Helios’ capital requirements and
whether or not it will be able to raise capital as needed; the
success of MoviePass’ cost-reduction measures; the ability to
successfully develop the business model of MoviePass; the ability
to integrate the operations of MoviePass, MoviePass Ventures,
MoviePass Films, Moviefone and other acquired businesses into
Helios’ operations; MoviePass’ ability to retain its existing
subscribers and market and sell its services to new subscribers,
and the risk factors described in Helios’ Annual Report on Form
10-K for the fiscal year ended December 31, 2017, its quarterly
report on Form 10-Q for the quarter ended June 30, 2018 and other
filings, including subsequent current and periodic reports,
information statements and registration statements filed with the
U.S. Securities and Exchange Commission. You are cautioned to
review such reports and other filings at www.sec.gov.
Given these risks, uncertainties and factors, you are cautioned
not to place undue reliance on such forward-looking statements and
information, which are qualified in their entirety by this
cautionary statement. All forward-looking statements and
information made herein are based on Helios’ current expectations
and Helios does not undertake an obligation to revise or update
such forward-looking statements and information to reflect
subsequent events or circumstances, except as required by law.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20180830005477/en/
HMNY Contact:The Pollack PR Marketing GroupStephanie
Goldman/Mark Havenner, 310-556-4443sgoldman@ppmgcorp.com /
mhavenner@ppmgcorp.comorMoviePass Contact:LaunchSquad for
MoviePassGavin Skillman, 212-564-3665moviepass@launchsquad.com
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