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Investors eye MoviePass-AMC development

|About: Helios and Matheson Analy... (HMNY)|By:, SA News Editor

Premarket volume on Helios and Matheson Analytics (NASDAQ:HMNY) is over 103K shares as investors continue to trade vigorously on MoviePass news.

MoviePass walked out the Sundance Film Festival as an indie movie buyer, but Deadline is reporting that some AMC theaters in large cities aren't accepting MoviePass anymore in what could turn into a major development if confirmed.

AMC Entertainment (NYSE:AMC) hasn't been a wholehearted supporter of MoviePass from the start.

HMNY is down 3.7% in the premarket session to $8.60.

Update: MoviePass has confirmed that it's no longer allowing its service to be used at AMC theaters and is going to battle against the chain over revenue sharing.

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