MoviePass Shuts Down, With Parent Company Citing Failure to Raise Funds

  • 📰 Variety
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

MoviePass, the long-struggling theater subscription service, finally appears to be down for the count. On Friday, MoviePass notified remaining subscribers that it would be shutting down the service…

MoviePass, the long-struggling theater subscription service, finally appears to be down for the count. On Friday, MoviePass notified all of its remaining subscribers that it would be shutting down the service effective Sept. 14, 2019, because “its efforts to recapitalize MoviePass have not been successful to date,” parent company Helios and Matheson Analytics announced. “The [...

Last at 20th Century Fox film before Disney acquired the studio in March, Berger will oversee Amblin’s corporate communications, marketing and publicity efforts. He will also [...]Something — we never quite figure out what, where it came from or why — menaces the crew of an Irish fishing trawler in “Sea Fever.” , or anything else in particular.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

They broke AF

This one's a real head scratcher

Because it fucking sucked

'bout time!

The end of a scam which sold data about where its members were going before and after the theater.

What is amazing is... they never 'raised funds' Cash is stocks they can sell at the market jimcramer so fucking nuts... 'we have hundreds of millions in cash sitting around' NewYorkFBI HMNYHQ1 MoviePass oh I mean, we can crash our stock daily;CNBC so any company can do that?

Thought it was shut down a few years ago.

RockyMntnMike Audio-parody killed the MoviePass star.

Does this mean the app will finally let me cancel my account?

For what it was I relish that gilded age when I could watch The Meg with Jason Statham on the shoddy business plan of a company. (Didn't see Gotti, though)

Universal Stock: {-$29,384.89}

Knew it.

They need like a 3 for 3, most ridiculous business model in recent entertainment history

The end of an error.

Nice while it lasted but definitely too good to be true...

No shit?

Dang, and John Campea already did his show for today.

It's so crazy. How could a company that sells something for $10 (that cost them $40) go out of business HarvardBusinessSchool

I'm shocked. . . . . . . . . . . . . . . . . . . That it took this long. 😎

RIPIP I’ll never forget those 3 months in 2018 that we had together

Goodnight sweet prince

should be '... Citing Failure.'

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 108. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

MoviePass' parent company is looking to sell it and Moviefone, as it continues to cut staffThe parent company of MoviePass and Moviefone, Helios and Matheson Analytics, is looking to sell the two services as layoffs continue, sources said. somebody still calls moviefone?
Source: BusinessInsider - 🏆 729. / 51 Read more »