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Ted Farnsworth is an American serial entrepreneur. He is the current Chairman and CEO of Helios and Matheson Analytics, which is the parent company of MoviePass a subscription-based entertainment platform. Ted has had a long investing and entrepreneurial career and has held stakes in different ventures.

Career
Farnsworth has been a chairman of Helios and Matheson Analytics since November 2016 and CEO since January 2017. He was once the owner of a pay-per-call psychic hotline, called the Psychic Discovery Network, that charged through a 900 number and ran through the 90’s.

By 2001, he got into penny stocks and it was during this time that he had the shares of 3 companies he led drop by 99% during his administration. The first was Xstream Beverage Network Inc., which he founded in 2001 and resigned as chairman in November of 2007. The next month, he became CEO of Purple Beverage Company, which was founded in 2006, and held that position until May 2009. He was also the Chief Finance Officer until January 2008. The Purple Beverage Company stock got to as high as $13.24 in April of 2008, during a celebrity- driven marketing campaign, but dropped 99% by the time Farnsworth resigned a year later. The third company to have this dramatic drop in value during this time was LTS Neutraceuticals Inc., a multi-level marketing vitamin company founded in 2009.

He later founded an app maker that developed RedZone Maps, a crime map application. This entity then merged with his current company, Helios & Matheson, which is purposed as an IT firm. When Helios & Matheson acquired MoviePass early in 2017, they implemented a price cut, from a $30 subscription fee to one just under $10. The number of subscribers went up from about 40,000 before the cut, to 400,000 by September of the same year, and 600,000 by that October. The company has expectations of 5 million subscribers by December 2018. Ted Farnsworth and his various projects have been featured in several publications, such as Forbes, Fortune, Investor’s Business Daily, The Wall Street Journal, and The New York Times, and he’s had appearances on MSNBC and CNBC.