Oct 23, 2018
NEW YORK | MoviePass to be jettisoned by parent company
NEW YORK | MoviePass to be jettisoned by parent company
NEW YORK— MoviePass, the struggling discount movie ticket subscription service, is being spun off by the company that owns it. Helios and Matheson Analytics Inc. did not try to obscure the reasons why on Tuesday. MoviePass has become a burden.
MoviePass drew in millions of subscribers, luring them with a $10 monthly rate. But that proved costly. Because MoviePass typically pays theaters the full…
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