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.
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