Future of MoviePass cast in doubt after service failure

Future of MoviePass cast in doubt after service failure

6 years ago
Anonymous $oIHRkISgaL

https://www.cnbc.com/2018/07/30/new-york-times-digital-future-of-moviepass-cast-in-doubt-after-service-failure.html

MoviePass, the subscription-based movie ticket service, was forced last week to borrow $5 million after it reported it could not pay its bills, raising new questions about the embattled company's viability.

Helios and Matheson Analytics, its parent company, said in a regulatory filing on Friday that MoviePass had experienced a ''service interruption'' the day before because it could not make ''required payments to its merchant and fulfillment processors.''