MoviePass parent’s CEO discusses the service’s rocky year

Mar 24 2019 by TechCrunch

 

In the space of a few months, MoviePass went from being the hottest startup on the block to a cautionary tale about growing too big, too fast.

By the time the summer of MoviePass came to an end, the company that was going to permanently disrupt the box office was hemorrhaging money. It changed its subscription plans repeatedly, while a service outage found its parent company, Helios and Matheson Analytics, asking creditors for a $5 million loan.

The company’s past year is littered with...

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