Mostly making headlines this year for running out of money fast, MoviePass’ parent company Helios and Matheson is trying to overcome the bad PR with news of their latest deal – the group has an exclusive option to buy the film library and production slate of production company Emmett/Furla/Oasis Films.
Emmett/Furla/Oasis produced such film as “Lone Survivor,” “End of Watch,” “Silence,” “Escape Plan,” “2 Guns” and 2008’s “Rambo” and now, having been acquired, is being renamed MoviePass Films.
Helios and Matheson would own their library of films, as well as their current production slate which includes “The War with Grandpa,” “Boss Level,” two “Escape Plan” sequels, and apparently Martin Scorsese’s “The Irishman”. It also includes projects in development such as the “Action Man” and “Hungry Hungry Hippos” movies and the “Red Sonja” reboot.
MoviePass films will become a branch of the subscription service devoted to producing their own feature film projects in the future. Terms of the deal, which comes as the company faces serious cash-flow issues and its stock is in free-fall, were not disclosed.
Source: The Wrap