MoviePass closes up its Los Angeles office after firing its business development team

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 46 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 51%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Following layoffs, MoviePass closes up its Los Angeles office as the company continues to tailspin after being delisted from the Nasdaq.

The space housed the business development department of the movie-ticket subscription company, which was laid off in February, and the staff of Moviefone.One source who worked there said the only available power sources were a few extension cords and"repeated requests for pens, post-its, or bottled water were rejected."

According to several sources familiar with the decision, MoviePass was subleasing the space from talent agency Abrams Artists Agency. The agency notified the movie-ticket subscription company that it was looking to expand and wanted to use the space MoviePass was occupying. MoviePass agreed to move out.

Sources told Business Insider they wouldn't miss the office tucked away within the Abrams Artists Agency's space at the PDC .A class-action lawsuit against MoviePass competitor Sinemia from angry subscribers is heating up "Repeated requests for pens, post-its, or bottled water were rejected; especially the water because it's too expensive," the source said.The space was large enough to comfortably staff 20-30 people, a source said, so there was hope that one day Moviefone could do regular in-house video pieces there, but it began to seem like a pipe dream as

 

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

BETTING THAT MoviePass LOSERS ARE MOVING INTO RANDALL EMMETT'S EXECUTIVE OFFICES WHICH USE TO BE SUGE KNIGHTS OLD OFFICE. CRIMINAL TED FARNSWORTH CAN ONLY OPERATE WITH OTHER CRIMINALS. ALL OF $HMNY LINKS ARE ALL CRIMINALS. 8200 WILSHIRE BLVD. BEVERLY HILLS IS NEW HQ 4 CRIMINALS

I always failed to see a sound business model in MoviePass. I guess they didn't.

One of my failed investments.

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:

 /  🏆 729. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines