Future of MoviePass Is in Doubt After Service Outage, Experts Say

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This article originally appeared in The New York Times (Written by Mihir Zaveri) on July 29, 2018

MoviePass, the subscription-based movie ticket service, was forced last week to borrow $5 million after it reported it could not pay its bills, raising new questions about the embattled company’s viability.

Helios and Matheson Analytics, its parent company, said in a regulatory filing on Friday that MoviePass had experienced a “service interruption” the day before because it could not make “required payments to its merchant and fulfillment processors.”

 

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