NEW YORK, NY / ACCESSWIRE / April 20, 2018 / Helios and Matheson, the majority stake holder of MoviePass, saw its shares crumble after announcing the pricing of a public share offering. Shares of Walt Disney saw a modest close in the red. It was revealed this week that Comcast made a higher offer than Disney for 21st Century Fox Inc.?s assets.

RDI Initiates Coverage on:

Helios and Matheson Analytics Inc.
https://www.rdinvesting.com/report/?ticker=HMNY

The Walt Disney Company
https://www.rdinvesting.com/report/?ticker=DIS

Helios and Matheson Analytics Inc. shares plummeted in Thursday trading and closed the day down 33.42% on almost 44 million shares traded. The stock sank to a new low of $2.12 yesterday and were already seeing losses in pre-market trading after announcing a public share offering. Helios and Matheson, which owns 92% of MoviePass, a movie-theater subscription service, announced the price of its $30 million public share offering. It had sold 10.5 million "Series A-2 units" for $2.75 a unit. Traders weren't so enthused that the price was 28% below the stock's closing price on Wednesday. The company said it will use the proceeds from the offering to increase its stake in MoviePass as well as support MoviePass operations. Recently, an auditor from Rosenberg Rich Baker Berman & Co. has raised concerns on the viability of the business model of MoviePass given the negative cash flows of the company. Helios and Matheson Analytics' holdings also include RedZone Map?, a safety and navigation app for iOS and Android users, and a community-based ecosystem that features a socially empowered safety map app that enhances mobile GPS navigation using advanced proprietary technology.

Access RDI's Helios and Matheson Analytics Inc. Research Report at:
https://www.rdinvesting.com/report/?ticker=HMNY

The Walt Disney Company shares closed down 0.32% on about 6.8 million shares traded yesterday. Disney will be introducing the Play Disney Parks app soon for both iOS and Android devices which will perk up the mobile app experience for guests at Florida and California theme parks this summer. The Disney parks blog wrote, "With the touch of a button, wait time turns into play time with family and friends at certain locations. And the more you explore in Disney parks, the more there is to discover on the app. This is just the latest way we are making a visit to our parks even more fun and memorable in new and innovative ways." The app is expected to launch in the next few weeks. It was also revealed this week that Comcast Corp. offered 21st Century Fox Inc. at least 16% more for its assets than Disney did.

Access RDI's The Walt Disney Company Research Report at:
https://www.rdinvesting.com/report/?ticker=DIS

Our Actionable Research on Helios and Matheson Analytics Inc. (NASDAQ: HMNY) and The Walt Disney Company (NYSE: DIS) can be downloaded free of charge at Research Driven Investing.

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