Behind a persons’ achievements is a past mixed with good and bad decisions. Not all business ventures turn out to be successful ones. And for Ted Farnsworth, one of the biggest business moguls of his generation, he also has ups and downs in life. Everyone knows that Farnsworth is the man behind MoviePass. It was once a successful venture that went downfall. But what was his life before MoviePass? And what can his fans and followers look forward to in the future for him? Let’s go ahead and find out.
Ted Farnsworth: The Early Years
Even at such a young age, Farnsworth knows what success is all about. He always wanted to be the boss and to run businesses and make them successful. Farnsworths’ family owned a restaurant when he was 13-years-old. And at that time, Farnsworth ran his own business – a chicken wing company. It was nothing compared to their family restaurant, but when he earned at least $7,000 at some point, he knew that he would want to be his boss when he grows up.
CEO of Helios & Matheson Analytics
Helios and Matheson Analytics is a company that focuses on traded data. It was first established in New York City, which became the parent company of MoviePass. It happened when the company acquired Zone Technologies in 2016, the maker of the RedZone Map application. Ted Farnsworth, who was the founder of Zone, became the appointed chairman of Helios in 2017. Eventually, he became the CEO.
The Acquisition of MoviePass
In 2017, Helios was able to purchase the majority of the stakes in MoviePass. The MoviePass Inc was an American movie ticketing service. The subscription-based service provider was founded in 2011. It allowed its subscribers to purchase movie tickets for a certain monthly fee. Using a mobile app, users could check in to a movie theater and choose which film to watch. MoviePass was well-perceived to be successful.
When it comes to achievements, there is so much to tell for Farnsworth. But it all comes with perseverance and hard work. Every inch of success he achieves, he sure is giving his heart and soul to it. No doubt that he will once again make it huge in this industry in his future endeavors. So what is instore for Ted Farnsworth in the future? Well, that’s for everybody to find out soon. But according to news portals, he is taking a chance with the motion picture industry. And this excites his fans and followers and those who look up to him.