Latest in MoviePass Ventures

MoviePass parent Helios and Matheson saw its third-quarter losses more than triple to $137.2 million from $43.5 million in the same quarter a year ago. Despite the gloss by Helios chairman and CEO Ted Farnsworth that the executive team is “very encouraged” by the results, the company’s quarterly SEC filing contains a…

We’re hearing this morning that MoviePass accounted for 40% of the $1.67M opening ($668K) to John Travolta mob pic Gotti, which took headlines over the weekend for its 0% Rotten Tomatoes score from 23 critics. During CinemaCon, the monthly movie ticket service took a low-seven figure stake in the reported $10M…

UPDATED at 11:20AM PT with more numbers and analysis. In a mixed weekend for specialty openers. the leading newcomer by far is American Animals. Backed by The Orchard and MoviePass Ventures, the film grossed $140,633, averaging $35,158, one of the best debuts of 2018.  The Sundance debut was directed by Bart Layton…

This weekend MoviePass basked in a tad of sunlight as their Sundance co-acquisition with The Orchard, Bart Layton’s American Animals, posted a solid $35K per theater, translating into $140K at four locations: Los Angeles’ The Landmark and Hollywood Arclight and New York’s Lincoln Square and Union Square. All of the…

The Orchard will be releasing its Sundance pick-up American Animals on June 1. This is the Bart Layton-directed feature that they acquired in partnership last month with MoviePass Ventures, which is the monthly movie subscription’s indie film finance arm. MoviePass hope here is that by taking some skin in a film, that…

EXCLUSIVE: Film sales agents at Sundance, think about this: What if a potential buyer could literally guarantee a certain portion of a film’s box office opening weekend? That’s the pitch from MoviePass, the monthly movie ticket service, which announced their new division MoviePass Ventures on Friday at Sundance, a…