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Hello! And welcome to Movie...Pass?MoviePass, the ticket subscription company, is buying Moviefone, the 29-year old movie directory service.A lot has changed since Moviefone first started. It's hard to imagine now, but people used to call a number for movie times. Moviefone became so popular that its famous "Welcome to Moviefone" greeting was parodied in a famous "Seinfeld" episode.Moviefone still has a website and app, but it retired the 777-FILM phone service in 2014. (Seinfeld's Kramer must be pleased. "Why don't you just tell me the name of the movie you've selected?")AOL, now part of Verizon, bought Moviefone in 1999 for 8 million. But MoviePass isn't spending nearly as much to get Moviefone. MoviePass majority owner Helios and Matheson Analytics will pay Verizon only about million for Moviefone -- million in cash and a mix of HMNY stock and warrants worth about million, according to a Securities and Exchange filing Thursday.According to Business Insider, MoviePass has also welcomed back service to a handful of AMC theaters in big cities, including San Diego.The service removed 10 of AMC's busiest locations from its app in January to take a "hard position" against theater chain. MoviePass has been seeking a a portion of concessions sales.WHY MOVIEFONE?So why does MoviePass want Moviefone? MoviePass CEO Mitch Lowe told CNNMoney it wanted access to Moviefone's film and TV show content."Our subscribers want to connect with Hollywood and hear more about what's going on in the film industry," Lowe said. "They'd like to have MoviePass recommend movies to them and Moviefone is iconic."Lowe, a co-founder of Netflix and former president of DVD rental kiosk service Redbox, added that he hopes the acquisition will be a "great funnel to attract new members" to MoviePass, which currently has more than 2 million subscribers.Ted Farnsworth, CEO of Helios and Matheson Analytics, added that the marriage of MoviePass and Moviefone will hopefully lead to more advertising revenue."MoviePass is growing at warp speed. Put it and Moviefone together and it gives us more advertising opportunities," Farnsworth said in an interview with CNNMoney. "This is a great strategic move for us."MoviePass arguably needs more ad sales to convince skeptical investors that its business model of buying tickets from theaters and then offering them to subscribers at a discount through monthly and annual subscription plans is viable for the long haul. MoviePass lets people see a movie a day for .95 a month -- it recently cut its price from .95.Shares of Helio and Matheson Analytics have plunged nearly 55% this year. Investors are worried that MoviePass won't be profitable anytime soon.THREAT OF COMPETITIONPart of the problem? We live in an era of so-called peak TV. Netflix, other streaming services and big cable TV networks are churning out more and more quality shows that eat into the time people have to go to movies.Investors also worry that the big chains that MoviePass currently buys tickets from -- AMC, Regal and Cinemark -- may eventually look to cut out MoviePass and launch their own subscription services or other lower-priced deals.Regal, which is now owned by UK-based Cineworld, has experimented with charging more for tickets during peak movie times and less at times when attendance tends to be lighter. Think of it as Uber-style surge pricing, but for movies.And Cinemark unveiled Movie Club, a monthly plan that lets people buy a movie ticket a month for a discounted price of .99, last year.That deal obviously isn't as good as the one a day plan offered by MoviePass. But Cinemark will also allow Movie Club members to roll over unused tickets every month, bring friends at the lower price and offers bargains on concession stand items.Lowe isn't too concerned about competition though. He said he's convinced that MoviePass will continue to work closely with the big chains -- even if Wall Street is nervous."We have to prove we are a driving force in getting more people into theaters. We have to try and put our money where our mouth is," he said. 4118

Health and Human Services Secretary Alex Azar said in a CNBC interview on Wednesday that government-funded coronavirus vaccines would be provided for free or at an affordable cost for the American public.Azar’s declaration comes as the government announced on Wednesday an agreement with Pfizer valued at .95 billion. An agreement stipulates that Pfizer would produce 100 million doses of a coronavirus vaccine for the US government to distribute as soon as one is ready.President Donald Trump added on Wednesday that after an initial 100 million doses are distributed, another 500 million doses would be received by the US government soon thereafter.“Hopefully, the approval process will go very quickly,” Trump said about getting the initial batch of 100 million vaccines. “And we think we have a winner there. We also think we have other companies right behind that are doing very well on the vaccines — long ahead of schedule.”But questions on who would get the vaccine remains a question. But the government vowed Wednesday that vaccines would be affordable."We will ensure that any vaccine that we're involved in sponsoring is either free to the American people or is affordable," Azar said.On Tuesday, Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, said in an interview with CNN’s Jake Tapper that he is encouraged by multiple vaccine candidates, and believes that things are still on track for a vaccine to be ready for production around the end of 2020 or start of 2021.“I think the timetable that we have discussed now over the past several months, luckily and fortunately, has really worked out OK,” Fauci said. “The results of several of the phase one trials of different candidates, not only one -- I'm reluctant to point out one that's going to be better than the other, because the proof of the pudding is whether it actually works in the field and is a safe and effective vaccine.” 1950

Heather Locklear has pleaded not guilty to charges related to an alleged domestic dispute, according to the Ventura County, California, district attorney's office.The actress was not in court Thursday for the plea, which her attorney entered on her behalf.Locklear is charged with five misdemeanor counts: four counts of battery on a peace officer and one count of resisting, obstructing or delaying a peace officer.Police were called to Locklear's home in Thousand Oaks, California, in February regarding a domestic incident between the actress and her boyfriend.Authorities declined to identify Locklear's boyfriend.The former "Melrose Place" star, 56, was taken into custody. Ventura County sheriff's deputies said at the time that Locklear was "extremely uncooperative and physically combative."Locklear was released on ,000 bail.The actress has not commented on the incident.A pretrial conference is set for June 7.  937

Given today’s announcement by the NFL and the Washington team’s ownership, we are discontinuing the sale of items that reference the team’s name and logo. https://t.co/LtT7m7H3we— Walmart Inc. (@WalmartInc) July 3, 2020 227

HARRISBURG, Pa. (AP) — President Donald Trump and rival Joe Biden have spent Labor Day diminishing each other's credentials on the economy and understanding of the American worker. Watch Trump's presser below:Labor Day typically marks the unofficial start to the fall campaign season as candidates accelerate their activity for the final sprint to Election Day. Biden was meeting with labor leaders and union workers in Pennsylvania while his running mate, Sen. Kamala Harris, campaigned in Wisconsin. Both are key swing states. WATCH Harris' roundtable below:Republican Vice President Mike Pence was in Wisconsin, too, while Trump held a White House press conference.This will mark Harris’ first trip to the state since accepting the party’s vice-presidential nomination. The New York Times reports that the senator will visit union workers and leaders as well as Black business people and pastors in Milwaukee. Labor Day typically marks the unofficial start to the fall campaign as candidates accelerate their activity for the final sprint.But Monday’s events are playing out this year against the backdrop of a pandemic that has upended campaigning, forcing much of the traditional activity online. 1209