A New York bankruptcy judge Thursday approved the sale of the iconic Moviefone movie listings service for $1 million as part of the bankruptcy of its parent company Helios & Matheson Analytics…
Alan Nisselson, a partner in the law firm Windels Marx reported to New York Bankruptcy Judge Stuart Bernstein that a company called Born In Cleveland LLC had put in the best of six bids for Moviefone on March 16.
Helios & Matheson filed for Chapter 7 Bankruptcy early this year. Chapter 7 provides for the liquidation of a company’s assets to satisfy creditors – versus Chapter 11, which attempt to maintain a business as a going concern. MovieFone was founded in 1989 by Russ Leatherman, Andrew Jarecki, Rob Gukeisen, Pat Cardamone and Adam Slutsky. It launched in Los Angeles and New York first with Leatherman as the voice of Mr. MovieFone. It expanded across the U.S. and later migrated online. It was acquired by AOL in 1999 for $388 million. The online business was bought by Movietickets.com in 2004. Ten years later it shut down its call-in service and 1-777-FILM phone number but kept its mobile app.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Young Kentucky Dems Want McConnell Out — But Aren’t Sold on Amy McGrathAmy McGrath has support from the national Democratic party — but young voters in the state say they’re skeptical of her campaign 😬
Read more »
Senator sold off stock before market losses from virus beganWASHINGTON (AP) — Senate Intelligence Committee Chairman Richard Burr, R-N.C., sold as much as $1.7 million in stocks just before the market dropped in February amid fears about the coronavirus...
Read more »
Two Senators Sold Off Stock Weeks Before Coronavirus Crashed The MarketI’m a San Francisco-based reporter covering breaking news at Forbes. Previously, I’ve reported for USA Today, Business Insider, The San Francisco Business Times and San Jose Inside. I studied journalism at Syracuse University’s S.I. Newhouse School of Public Communications and was an editor at The Daily Orange, the university’s independent student newspaper. Follow me on Twitter rachsandl or shoot me an email rsandlerforbes.com.
Read more »
GOP senators sold off their stocks ahead of coronavirus economic crash, reports sayRepublican Sens. Richard Burr and Kelly Loeffler sold off significant amounts in stocks shortly before financial markets plunged due to the coronavirus pandemic, according to reports.
Read more »
Former federal prosecutor among those questioning if Republican lawmakers misled on coronavirus then sold stockA former federal prosecutor and other attorneys weighed in Thursday as media reports questioned recent stock selling by prominent lawmakers who were...
Read more »