MoviePass Parent CEO Bids to Buy Shuttered Service, Take it Private

WAXWORD

Ted Farnsworth resigned the top post of Helios and Matheson Analytics in order to bid for MoviePass

MoviePass may not be done just yet.

The CEO of Helios and Matheson Analytics Inc, parent company of the now-suspended theatrical movie subscription service, resigned on Monday and submitted a bid to buy the company and take it private, he told TheWrap.

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Sharon Waxman

Sharon Waxman, is the founder, CEO and Editor in Chief of TheWrap. She is an award-winning journalist and best-selling author, and was a Hollywood correspondent for The New York Times. Twitter: @sharonwaxman

Trey Williams

Film Reporter covering the biz • trey.williams@thewrap.com • Twitter: @trey3williams