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The New York attorney general is investigating the parent company of MoviePass, a source familiar with the probe confirmed to CNN Business.The state is looking into whether Helios and Matheson (HMNY) misled investors about its finances, the source said. The investigation is being conducted under New York's Martin Act, an anti-fraud and investor protection law. The existence of the probe was first reported Wednesday by CNBC.The movie subscription service exploded in popularity last year when it began offering customers the ability to watch as many movies in theaters as they wanted for per month. But that business model proved unsustainable, and the company has since changed its subscription plans and pricing as well as the number of movies it makes available to its customers.As the company's troubles worsened this year, its stock price also cratered.Helios and Matheson stock was trading at an all-time high of nearly a share in October 2017. Now the stock is trading at 2 cents — and that's after the company approved a reverse split to boost the price 250-fold earlier this summer.Nasdaq has even warned Helios and Matheson that it could delist the stock.Helios and Matheson and MoviePass did not respond to requests for comment Wednesday.The company is wrestling with other problems as well.Board member Carl Schramm, an economist and Syracuse University professor, recently quit his job and claimed that executives mismanaged the business and withheld crucial information from the board.Purported stockholders have filed two federal class-action complaints against Helios and Matheson in August, claiming the company made "materially false or misleading" statements to the market. The company said at the time that it intended to "vigorously defend" itself and believed the complaints were "without merit."Last month, the company filed new paperwork with the Securities and Exchange Commission indicating that it was going to ask shareholders to vote on another reverse split — one that this time could increase the stock by as much as 500-fold.That meeting was scheduled to happen Thursday. In documents filed with the government on Tuesday, the company said the meeting would be moved to November 1 so stockholders had more time to consider the split before voting. 2323
The Ohio State University announced on Friday that its investigation into coach Urban Meyer's handling of domestic violence allegations involving Meyer's assistant coach Zach Smith will conclude on Sunday, as scheduled. A six-person review board investigating the matter will then draft a report, which will be discussed at a closed-door meeting of the university's board of trustees. Following the meeting, which will likely take place sometime next week, university president Michael Drake could announce possible sanctions. Meyer was placed on paid administrative leave on Aug. 1 after a report published by former ESPN reporter Brett McMurphy claimed Meyer knew that Smith's wife had accused her husband of assaulting her. McMurphy also published photos of the woman which included a number of bruises. Those photos had previously been shared with Meyer's wife Shelley, who is also an employee of Ohio State. On Aug. 3, two days after he was suspended by OSU, Meyer released a statement admitting that he had lied to reporters about his knowledge of the allegations but claimed that he had followed proper protocol in reporting the incident to university officials. The alleged incident took place in 2015, while Smith was a wide receiver coach for Ohio State. Smith was not charged for the possible incident and did not face any punishment from Ohio State, according to public records obtained by Scripps National.Smith was fired in July when McMurphy had uncovered that Smith's wife had placed a protection order against her now ex-husband. 1600
The pandemic has turned even more people into gamers. About one in three people worldwide play video games, according to the Entertainment Software Association.But it’s more than just fun.“And we've been able to make sure that we were producing things that not only brought people together in ways that made them enjoy the games, but connected them to each other because today 65% of people in America who play games play with other people,” said Stanley Pierre-Louis, President and CEO of the Entertainment Software Association.Video game popularity was already on the rise before COVID-19, supporting more than 425,000 jobs directly and indirectly related to the industry last year.It generated more than 90 billion in economic output, according to the Entertainment Software Association impact report.It includes jobs in engineering, coding, video game design, storyline and even professional players.“What that's meant is that within schools, you now have esports scholarships and in fact there are over 200 varsity sports programs around the nation, creating new opportunities for people to play professionally,” said Pierre-Louis.Education and jobs related to gaming can also lead to other opportunities outside the industry. The graphic design and visual elements that go into video games are as in demand in other fields.“So, if you learn video game design, you're able to also help with airlines simulations and so it's creating opportunities across many sectors,” said Pierre-Louis.Advancements rooted in the video game industry have found their way into other areas, including medical imaging and robotics, military training and simulation, and education.Those directly employed by the video game industry make on average 1,000 a year. 1757
The National Basketball Association is reportedly targeting to start the 2020-21 season sometime in December, according to the Associated Press and ESPN.The Associated Press reported that the league is eyeing to start the new season back up on Dec. 22 and teams playing 70 games.According to ESPN, the board of governors met Friday and discussed potentially starting the upcoming season on Christmas Day to take advantage of that "historically prime NBA showcase" and play fewer than 82 games.If the NBA does decide to begin playing near the end of December, that means training camps would start near the end of November, the AP reported.The 2019-20 season ended on Oct. 11 when the Los Angeles Lakers defeated the Miami Heat for the NBA Championship. And was last season was one for the ages: the season was suspended back in March after a Utah Jazz player tested positive for the virus before playing the Oklahoma City Thunder. The season resumed in July in a bubble-like atmosphere at ESPN's Wide World of Sports. Players boycotted in the middle of the playoffs in Florida, and games were postponed, which led to other leagues around the sports world to boycott games in the wake of a police shooting in Wisconsin.The league officially announced Thursday that its upcoming draft would be virtual this year due to the coronavirus pandemic.The league will conduct the draft at ESPN's headquarters in Bristol, Connecticut, on Nov. 18.NBA Commissioner Adam Silver and Deputy Commissioner Mark Tatum will announce the selections live. 1541
The pandemic has made in-person meetings and events far less common, and that includes job interviews. As more interviews take place virtually, here are some tips to help you interview from the comfort of your own home.Jonathan Nugent, the owner of All-Star Career Services in Cincinnati, Ohio, said try to look at your camera, "not necessarily the person that you're chatting with." By looking at the camera, it makes it seem like you are looking at your interviewer directly.Nugent also said your background and setting aren't as important as things like whether or not the place you are sitting is well lit or has good acoustics so your interviewer can hear you properly. Your posture, and whether or not you are sitting up straight or slouching, is also important, said Nugent.From there, stylist and owner of Sloane Boutique, Ivy Costa, said to think about what kind of position you are applying for and dress accordingly.If the job you've applied for is more corporate, Costa suggests dressing in more neutral tones with a pop of color. For creative positions, subtle patterns and more color works.And while some people might only dress their top half for the interview, Costa said dressing like you're in the same room as the interviewer is the best bet."It fires those engines on mentally that you're there and ready to go," Costa said. "When you have the job and you're comfortable, put your yoga pants back on."Sina Gebre-Ab with WCPO in Cincinnati, Ohio, first reported this story. 1500