MoviePass will shut down for good on Sept. 14
Found on CNBC on Saturday, 14 September 2019
Shares of MoviePass parent company Helios and Matheson Analytics dropped 10% Friday afternoon, though the stock trades for a fraction of a penny.
Among the options it’s considering are a sale of the company in its entirety, a sale of the company’s assets, including MoviePass, Moviefone and MoviePass Films, as well as the possibility of a reorganization of the company.
It should have been obvious from the first day that this business idea would not work out.