ENTERTAINMENT: Turmoil continues for MoviePass

Another shoe just dropped at troubled movie ticketing service MoviePass. Carl Schramm, a member of the board of directors for MoviePass’ parent company Helios and Matheson Analytics, has resigned, citing concerns about corporate management. It’s the latest issue for the once-trendy movie ticket subscription service, which revamped its subscription model recently to offset its cash burn. The ticketing service grew to more than 3 million subscribers when it began letting members see one movie each day for a $9.95 flat monthly fee. But two weeks ago, it reduced that to three movies a month.