MoviePass interrupts service for all subscribers effective September 14

MoviePass, the service that lets subscribers see a certain number of movies in theaters each month for a fixed fee, announced its closure. The service has been bleeding money since launch even though it had quite a lot of subscribers at some point.

In an attempt to put the company's earnings in the black, MoviePass switched from an “all-you-can-watch” type of business to a $9.95/month service that offered subscribers the possibility to watch three movies per month.

Unfortunately, MoviePass never recovered after dropping that model business and is now looking for a buyer. Until then, ...

Source PhoneArena https://ift.tt/2URFP9q
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