MoviePass is shutting down on September 14th

For a fleeting moment in time Movie Pass subscribers could see a movie a day for just $9.95 a month

For a fleeting moment in time Movie Pass subscribers could see a movie a day for just $9.95 a month

It was 8 years old.

On Friday, MoviePass notified all of its remaining subscribers that it would be shutting down the service effective September 14, 2019, because 'its efforts to recapitalize MoviePass have not been successful to date, ' parent company Helios and Matheson Analytics announced. "The Company is continuing its efforts to seek financing to fund its operations.There can be no assurance that any such financing will be obtained or available on terms acceptable to the Committee". In that way, there's no denying that MoviePass shook up the long-struggling film distribution industry and pointed towards a way to keep filmgoers in theater seats after the rise of streaming and VOD. The service returned shortly thereafter, but the drama continued. Moving forward, all options are on the table, with MoviePass parent company Helios and Matheson Analytics saying it's considering, among other things, selling itself off entirely. Of course, that didn't happen.

A MoviePass data breach in Dubai may have exposed customer information. On top of that, technical problems plagued the app, certain screenings were completely locked-out, and customer service was non-existent.

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We still deeply believe in the need for the MoviePass™ service in the marketplace, to maintain affordable access to theaters and provide movie lovers with choices of where to go to the movies.

MoviePass in August 2018 eliminated the one-movie-per-day plan, priced at $9.95 per month - an offer that evidently proved to be economically unsustainable - replacing it with a new $9.95 plan letting subscribers see just three movies each month. Nevertheless, MoviePass™ remained committed to leading and competing in an industry that is resistant to outside competition and change.

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