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8 hours ago · Remember MoviePass, the unlimited movie theater ticket subscription service? It was founded in 2011 but didn’t rise to mainstream prominence until 2017, when a New York-based analytics and consulting company called Helios & Matheson purchased it and lowered the price for its unlimited subscription service to just $9.95 per month, causing its user base to
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8 hours ago · By this point, the company’s unlimited movie subscription plan had been rolled out to general audiences nationwide and ranged from $24.99 to $39.99 depending on location, and for cinephiles who ...
8 hours ago · In July 2018, MoviePass’ inability to pay vendors caused a service outage that rendered subscribers unable to secure movie tickets through their memberships. The company borrowed $5 million in order to stay afloat, and CEO Lowe issued an apology, stating the service was back “up-and-running with stability at 100%.”.