Movie Fone was once a call in service to find out the times movies would be playing in your market. In the last few years, it transitioned into a movie ticketing service owned by the failed MoviePass parent company, Helios and Matheson Analytics (MHA). MHA filed for bankruptcy after MoviePass lost millions of dollars a week.
According to The Hollywood Reporter, L.A. based producer Cleveland O’Neal III’s production company won the winning bid for MovieFone. O’Neal’s company, Connection III Entertainment paid a little more than $1 million for the new site.
MovieFone was founded in 1989 as a phone service to find movie times. In 1999, AOL paid $388 million for the service. AOL was purchased by Verizon in 2015 for $4.4 Billion and sold MovieFone to HMA in 2018 for $23 million. Connection III Entertainment got a major discount.