MoviePass and Parent Company Helios and Matheson File for Bankruptcy

Both companies and affiliates have filed for Chapter 7 bankruptcy protection, which signal they no longer have a viable plan to continue business.

"As a result of filing the Petition, a Chapter 7 trustee will be appointed by the bankruptcy court to administer the estate of the company and to perform the duties set forth in Section 704 of the Code," the regulatory filing said. MoviePass, at one time led by chairman Ted Farnsworth and CEO Mitch Lowe, shut down Sept. 14 last year. The app once boasted several million subscribers at its peak, but shuffled through multiple pricing plans and faced several technical issues that stalled momentum.

Chiruta12345 US lo

How many times must I read this same headline?

For a few months, I loved it.

Fucking finally

Moviepass got me through early sobriety 💯

spyfox73 noooooo

Thank you MoviePass for the fun while it lasted and for getting other theaters to offer monthly subscription packages. You changed the way we see movies!

RIP

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

MoviePass says investigations pending from FTC, SEC, NY AG, CA DA - Business InsiderOn Wednesday MoviePass and its parent company Helios and Matheson Analytics separately filed for Chapter 7 bankruptcy. No Big Deal... Bankruptcy is another stage of any company... Investigate what? Why they bankrupted ? Who investigates? Lawyers investigates business case? What's a shame :D
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »

MoviePass' owner, Helios and Matheson Analytics, has filed for bankruptcy - Business InsiderThe company's interim CEO, its CFO, and five board of directors all tendered their resignations on Wednesday. Sad.
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »