It appears that Helios and Matheson's (HMNY) main product MoviePass could be nearing the end of its life. Its competitor Sinemia shut down a couple of months ago, and MoviePass recently announced that it was temporarily shutting down its service.
Although the official reason given for the shutdown was that it needed to make improvements to its app, the shutdown also coincides with a peak movie watching period, with a couple of 2019's projected top grossing movies making their debut this month.
Helios and Matheson has been unable to make MoviePass's economics work,