Tag Archives: Idearc

Helios & Matheson’s Attempt At A Hail MoviePass Likely To Fall Incomplete

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Do public companies also get 15 minutes of fame? Helios & Matheson Analytics (HMNY) was a sleepy and tiny data analytics company that made a splash after acquiring MoviePass in the summer of 2017 and slashing the price from $50 to under $10/month, less than the cost of a single movie ticket in most places. Unfortunately, the blaze… Read More »

Bad Idearc? Is Verizon On The Hook For Bankrupt Spinoff’s Debt?

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In 2006, Verizon(VZ), spun off its declining directory business as Idearc, saddled with billions in debt. Just 28 months later, the company filed for bankruptcy, Idearc has since restructured and reemerged as SuperMedia(SPMD), but trustees for the debtors are continuing their fight against Verizon for the repayment of debt. On Friday, the trustee for the creditors filed suit,… Read More »