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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

HARAHAN, La. — In Kimberly Broussard’s kitchen, there are layers upon layers of love.“I love to cook,” she said. “It's just yummy and it's full of cheese and it's gooey.”Broussard is in the midst of her new weekly tradition: making lasagna for someone she’s never met.“The thing weighs about six pounds. It’s pretty heavy,” she said.Broussard is a volunteer with Lasagna Love.“Food is love,” she said.It’s a program that began during the pandemic, in the kitchen of founder Rhiannon Menn.“I remember just feeling so helpless and watching people around me lose jobs, lose child care,” Menn said.So, the San Diego mom offered to make a meal for anyone in need in her area.“I posted to some local mom’s groups on Facebook, 'Hey, you know if you're struggling, whatever that looks like for you-- if it's financial, if it's emotional, if you're immunocompromised and can't go to the grocery store--my daughter and I are making extra meals. Like, please let us bring you dinner.' And people said yes,” she said.With that, Lasagna Love was born as people contacted Menn to ask if they could help, too. The registered nonprofit now has “Lasagna Mama and Papa” volunteers in all 50 states, with a website where you can request a meal or offer to make one.“I'm just so inspired and a little bit in awe of how many people there are that want to be part of this, spreading kindness,” Menn said.Back in Kimberly Broussard’s Louisiana kitchen, her latest lasagna will soon be ready to be dropped off to a family in need. She’s made nearly 20 for Lasagna Love.“Just the thought of families not being able to eat, it was just a way to help,” Broussard said, “and it's just a way to say, ‘hey, look, you know, yeah, you're struggling, but there are people out there that care.’”It’s a way of caring for one another, using food as a language of love. 1840

Hi, Some clients may currently see an inaccurate account balance when viewing their account summary in online banking/mobile. Clients should click the individual account view for their correct balance. Client accounts have not been impacted. ^joseph— Bank of America Help (@BofA_Help) August 5, 2020 307

Grocery workers continue to be on the front lines during the pandemic.United Way and Kendall-Jackson are now teaming up to get grocery workers more help through a national relief fund they've created.“What we have seen across the county in other disasters natural disasters is that initially there's this outpouring of support and people want to donate, but then it really starts to wane and lag just as the needs are starting to get even bigger,” said Suzanne McCormick, U.S. President of United Way Worldwide.The Grocery Worker's Relief Fund will be available to anyone currently employed by a grocery store.The fund will be giving out 0 per person on a gift card. Anyone who applies will also be connected with the 211 social services helplines in their area to see if they have other needs.United Way says housing insecurity is one of the top issues people are calling 211 about right now.Mental health has also become a much bigger concern among the people who are calling.“While people might call for financial assistance our call specialists who are trained as they start to enter into dialogue, they do discover that there's more there that the person might have anxiety,” said McCormick. “They might be in a domestic violence situation or have very serious mental health issues.”Grocery workers can start applying for the relief fund on October 1 on the United Way website. If you would like to donate to the fund, you can do that there as well. 1465

Hold off on that funeral dirge for Macy's. The department store isn't dead yet.Macy's topped Wall Street's profit forecasts Tuesday and provided a healthy outlook for this year.The results strongly suggest there is still room for traditional stores in the mall in a world increasingly dominated by the likes of Amazon and Walmart.Macy's chairman and CEO Jeff Gennette said the company was "encouraged" by improvement at the company's brick-and-mortar stores and continued growth in online sales.Gennette said digital revenue posted a double-digit percentage increase for the 34th quarter in a row, a run of more than eight years.And the company is still investing heavily in its Bluemercury chain of specialty beauty stores and the discount outlet Backstage. Macy's said it opened 36 Bluemercury stores and 30 Backstage stores last year, even as it closed 16 Macy's stores.Gennette added during a conference call with analysts that Macy's plans to open 100 more Backstage locations this year, including in malls.Macy's is also selling real estate to shore up its balance sheet. The company said it raised 1 million last year and .3 billion over the past three years by getting rid of some stores, warehouses and parking garages.Macy's is also working with real estate company Brookfield Asset Management on other transactions.Macy's said Tuesday it is selling several floors in its State Street store in Chicago to a real estate fund backed by Brookfield for million. Brookfield plans to convert the floors into office space.All this is good news for Macy's. But one analyst said Macy's needs to do more before its turnaround qualifies as a true Miracle on 34th Street."There is a long tail of shops that look dated, are in sub-optimal locations, and where the customer experience is poor. Macy's must remedy this if it is to transform the business," Neil Saunders, managing director of GlobalData Retail, said in a report.Nonetheless, the real estate transactions and improved sales outlook are two reasons Wall Street has fallen in love with Macy's again.The stock surged nearly 12% in early trading before pulling back a bit. Macy's has soared more than 45% in the past six months.Department store chains Kohl's, Nordstrom and JCPenney — which will all report results later this week — rallied as well Tuesday. Another chain, Dillard's, rose 12% too after it also posted strong quarterly results.Investors are clearly betting that Macy's wasn't the only traditional retailer that had a happy holiday season. 2527