Tag: MoviePass

👓 MoviePass outage caused by company temporarily running out of cash | Business Insider

Read The MoviePass outage was caused by the company temporarily running out of money, and it borrowed $5 million in cash to turn the service back on (Business Insider)
Following a service interruption of MoviePass on Thursday, its parent company, Helios and Matheson, borrowed $5 million to bring the service back online.

👓 MoviePass is no longer too good to be true | The Verge

Read MoviePass is no longer too good to be true by Nick Statt (The Verge)
Restrictions and no longer selling its one-movie-per-day plan, are bad signs
Sad to hear this is happening. Hopefully they can hang along to get the expected economies of scale they were aiming to get before they go under. Of course, somehow the market is going to equilibrate on them.