Question: What Is Happening With MoviePass?

Does MoviePass still exist?

There was once a time when MoviePass subscribers could see a movie every single day for the cost of $9.95 a month.

Now, the company has officially shut down the service and its future is still undetermined.

When the company was founded in 2011, a MoviePass subscription cost about $40 a month..

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What is going on with MoviePass?

Theater-subscription service MoviePass officially shut down on Saturday, September 14th, ending the platform’s controversial two-year run as a would-be disruptor of the moviegoing business. … MoviePass started losing money on virtually every subscriber, and it then went bankrupt.

Is MoviePass going out of business?

MoviePass, the subscription service that spent enormous amounts of venture capitalists’ money subsidizing movie tickets in a bid to upend the theater business model, is officially shutting down on September 14th. … According to Helios and Matheson, MoviePass was too far gone to save.

Is MoviePass Dead 2019?

MoviePass, the monthly subscription service that once allowed moviegoers to see one film a day for a discounted rate, will officially shut down starting Saturday, Sep. 14. … 14, 2019, because its efforts to recapitalize MoviePass have not been successful to date,” according to a press release.

Is MoviePass a good deal?

As for MoviePass, it’s still a good deal if you regularly see 2-3 movies per month and don’t mind seeing them in 2D. But I’d advise against buying an annual subscription, because with a company this volatile, there’s just no guarantee it’s going to survive.

Why did MoviePass shutdown?

On Friday, MoviePass notified remaining subscribers that it would be shutting down the service effective Sept. 14, 2019, because “its efforts to recapitalize MoviePass have not been successful to date,” parent company Helios and Matheson Analytics announced.

How did MoviePass make money?

To be absolutely clear: The more subscribers MoviePass signs up, the more money it loses. It pays theaters full price for each ticket, whether a member visits once or 31 times a month.

What is MoviePass and how does it work?

How does it work? When you sign up for MoviePass, you get a debit card mailed to you. When you’re ready to see a movie, MoviePass will load that debit card with the full cost of the ticket, which you then pay the theater. The only cost you pay is your monthly or annual fee to MoviePass.