MoviePass parent Helios & Matheson raises $6 million in funding

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MoviePass parent Helios & Matheson raises $6 million in funding
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MoviePass parent Helois & Matheson raises $6 million in new funding

MoviePass parent Helios & Matheson Inc. HMNY, -50.00% said Tuesday it raised $6 million in a new round of financing. The company said it plans to use the proceeds from the financing to support its MoviePass subscription business, including accelerating product development, improving its technology and increasing investment in new films.

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