MoviePass is shutting down tomorrow, parent company hopes to find a buyer

"Get customers now, worry about making money later" is a prevailing mindset for tech startups. Sometimes that works, and sometimes you get a MoviePass. After MoviePass cut its all-you-can-watch movie theater subscription service to a tantalizing $9.95/month, it never quite managed to carve out enough of a profit to actually continue operating, and now the service is shutting down completely.

Helios and Matheson Analytics, the owner of MoviePass, put out a press release explaining that the public-facing service is shutting down tomorrow (September 14th) while the company looks for "a sale of the Company in its entirety, a sale of substantially all of the Company’s assets including MoviePass, Moviefone and MoviePass Films, a business reorganization or one or more other extraordinary corporate transactions."

MoviePass has been a blazing dumpster fire for the past year.

Read More

MoviePass is shutting down tomorrow, parent company hopes to find a buyer was written by the awesome team at Android Police.

from Android Police – Android news, reviews, apps, games, phones, tablets https://ift.tt/2NZHOr1