MoviePass shuts down af­ter fail­ing to find fi­nanc­ing

The Fresno Bee (Sunday) - - News -

MoviePass, the movie ticket sub­scrip­tion ser­vice that al­lowed sub­scribers to buy up to three movie tick­ets per month for a small fee, shut down Saturday.

Its fu­ture is un­clear. He­lios and Matheson An­a­lyt­ics, the par­ent com­pany of MoviePass, said Fri­day in a re­lease that it was in­ter­rupt­ing ser­vice for all its sub­scribers be­cause its ef­forts to seek fi­nanc­ing have not been suc­cess­ful.

It says it’s “un­able to pre­dict if or when” MoviePass will con­tinue. The com­pany says it’s plan­ning to study all op­tions in­clud­ing the sale of the com­pany in its en­tirety.

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