MoviePass, the once uber-popular movie subscription service, is shutting down. For real.
In a press release published on Friday and first noticed by CNBC, Helios and Matheson Analytics — MoviePass’ parent company — announced the shutdown of the service. Subscriptions will cease to work on Saturday.
“MoviePass notified its subscribers that it would be interrupting the MoviePass service for all its subscribers effective September 14, 2019, because its efforts to recapitalize MoviePass have not been successful to date,” says the statement. “The Company is unable to predict if or when the MoviePass service will continue.” Read more…
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