It’s been a grim year for MoviePass, the endlessly embattled movie subscription service. The company, which built a base of reportedly more than 3 million subscribers with a deal that let users watch a movie a day in theaters for under $10 a month, has been losing money at a prodigious rate. Over the course of 2018, it repeatedly retooled its basic subscription, forced annual subscribers onto a monthly plan, and dealt with plummeting stock prices after repeated reports that it was out of funds.
Most recently, parent company Helios and Matheson — which is facing a class-action lawsuit from its shareholders and a fraud investigation — spun MoviePass off into a separate company, in an apparent attempt to dissociate itself from the toxic…
Written by Tasha Robinson
This news first appeared on https://www.theverge.com/2018/11/7/18073750/moviepass-staffed-by-dogs-director-of-barketing-chloe under the title “MoviePass is staffed by dogs now, apparently”. Bolchha Nepal is not responsible or affiliated towards the opinion expressed in this news article.
