MoviePass Parent, Helios and Matheson, files for Chapter 7 and stock falls to zero

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Helios and Matheson Analytics Inc., the parent of the MoviePass cinema-ticket subscription service, said Wednesday that it has filed for Chapter 7 bankruptcy. This allows a court to sell its remaining assets and wind down all operations, according to MarketWatch.com. The company closed MoviePass back in September, when all the board members tendered their resignations. The stock has since fallen to zero.

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