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MoviePass files for bankruptcy after shutting service in 2019 – Source CNET Tech


After shutting its movie subscription service in September 2019, MoviePass filed for bankruptcy in January 2020.


Defunct movie subscription service MoviePass and its parent company Helios and Matheson Analytics filed for bankruptcy Wednesday. The decision came after MoviePass considered “strategic alternatives,” the SEC form says. The company filed for Chapter 7 in the US Bankruptcy Court for the Southern District of New York.

“A Chapter 7 trustee will be appointed by the Bankruptcy Court to administer the estate of the company,” the filing says.

MoviePass, a subscription service that allowed customers to purchase multiple movie tickets for a monthly fee, shut down services on Sept. 14 when its efforts to recapitalize were…

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Source CNET Tech

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