13-09-2019 22:08 via feedproxy.google.com

MoviePass is shutting down and looking for a buyer

MoviePass, the embattled movie-ticket-subscription service, is shutting down on Saturday, its parent company, Helios and Matheson Analytics, announced on Friday.
Helios and Matheson said its efforts to recapitalize the MoviePass business, which has lost hundreds of millions of dollars since Helios and Matheson took ownership in 2017, had "not been successful."
Helios and Matheson said it would explore a sale of MoviePass, along with its other assets Moviefone and MoviePass Films.
MoviePass has r
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