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MoviePass To Expand, And Go Public, With New Sub Terms & Sale To Data Firm

After a 12-month period in which its stock has lost more than 66% of its value, data firm Helios and Matheson Analytics should be all smiles about its agreement to pay $27 million for a 51% stake in MoviePass — the company that enables subscribers to see a movie a day. The news contributed to a 7.9% lift in its stock price today. When the deal closes, H&M will loan MoviePass about $5 million, the data firm says in an SEC filing.
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