Market Overview

MoviePass Bolsters Its Development Team

MoviePass Bolsters Its Development Team
Related HMNY
One Year Later: The Rise And Fall Of Helios And Matheson
The Week Ahead: Q3 Earnings Season, Canada Decriminalizes Cannabis

MoviePass, a movie ticket subscription service that's partially owned by Helios and Matheson Analytics Inc (NASDAQ: HMNY), oversaw some notable moves at the executive level.

What You Need To Know

MoviePass named Khalid Itum, a tech entrepreneur as VP of Business Development and also named Zac Bright as Director of Business Development, according to a Deadline report.

Itum helped MoviePass develop a business strategy over the past three years and will join the company full time. He's tasked with driving revenue through studio and independent distributor partnerships. Bright will also be tasked with oversee cross-functional partnerships with filmmakers, content owners, distributors and other parties.

Why It's Important

Itum brings to the table experience in working with technology startups with a focus on Hollywood, Deadline noted. For instance, he led strategy on the development of Lionsgate and Tribeca Enterprises' over-the-top platform called Tribeca Shortlist.

Bright also brings relevant experience as he oversaw documentary projects including distribution responsibilities at Preferred Content. Prior to that, he worked in CAA's Brand Coverage and Digital Content departments.

What's Next?

MoviePass CEO Mitch Lowe told Deadline the company is growing "at a higher rate than normal" but for some consumers the pros of joining the platform outweigh the cons. Nevertheless, the addition of talented executives may help push the platform to exceed one million users which is what some among Wall Street are already expecting.

Related Links:

Why MoviePass Could Hit 1 Million Users This Year And What It Means For Helios & Matheson

How Does Helios And Matheson Make Money From MoviePass?

Posted-In: Deadline Khalid Itum MoviePass movies Zac BrightNews Management Media Best of Benzinga


Related Articles (HMNY)

View Comments and Join the Discussion!

Walmart Is Proving It Can Defend Against Amazon, Says RBC Capital

Traders See Signs Of Rotation Into Financials Amid Nasdaq's Worst Day In Months