Roll Credits. Moviepass Is Over
If it were a film, the past 12 months at MoviePass would be titled Year of the Living Dead.
Once a crusading force for American movie consumers, driving down the price of cinema to an astounding $9.95 per month and putting terror into the hearts of America's movie chains, MoviePass and its parent company Helios and Matheson (OTC: HMNY) imploded in 2018 as it became glaringly obvious that the company couldn't make a profit selling potentially $300 worth of movie tickets a month for 97% off.
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Source Fool.com