Enjoy while you can. According to a various news reports:
The subscription price of $9.95 might be great for customers, but MoviePass has to pay its partner movie theatres the full-ticket price, which can cost more that $10. Multiply that by the fact that a subscriber is allowed to watch one movie a day and MoviePass starts losing money the moment any subscriber watches two or more movies a month.
The shares of its majority owner Helios & Matheson collapsed due to questions about the service. According to Bloomberg, MoviePass auditors were expected to warn Helios about their substantial doubts that the startup could continue as a going concern.
It turns out to be true that you cannot lose money on every transaction and make it up in volume!
But for now, really good deal
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