WATCH BOX OFFICE MOVIES FOR FREE
MoviePass Shut Off Briefly After Company Ran Out Of Cash
If you were trying to use your MoviePass subscription to check out Mission: Impossible - Fallout last night and found the app not working, you weren't alone. On Thursday MoviePass experienced a service interruption that made it impossible for subscribers to access the service. This morning MoviePass parent company Helios and Matheson Analytics revealed that it had to borrow $5 million to make some necessary payments. Essentially, MoviePass went down because it ran out of money.
Specifically, the required payments MoviePass needed to make were to merchant and fulfillment processors, or the companies that process MoviePass transactions. Without payment, those transactions stop and nobody can use the MoviePass debit card that purchases the tickets. This makes that payment pretty important since the entire business model shuts down without it.
While it seems that the MoviePass app is now up and running for some, there are still some reports of the app not working this morning, so you may still run into issues if you're planning on hitting the theater today.
This is certainly not good news as it indicated that MoviePass is in a pretty bad financial position at the moment. If it cant make these fairly standard payments through the normal course of business then MoviePass clearly isn't making enough money. While over a million people are currently MoviePass subscribers, the fact is that unless a majority of them don't use the service, MoviePass losses money on those customers that do. This was expected, as Helios and Matheson Analytics is a data company and it was expected that the real value in MoviePass was in its customer data, but it seems that even that hasn't been as lucrative as it was supposed to be.
This is just the latest piece of bad business news for MoviePass and its parent company. Business Insider points out that the company recently initiated a reverse stock split as a way of bringing its share price up from the $.09 that it was up to $14 per share. However, from there shares have continued to drop and they started the morning at $6 a share. It's unlikely this news is going to do anything to instill investor confidence.
It's anybody's guess what happens from here. While the $5 million loan will hopefully keep the company going for a while, if nothing changes MoviePass will simply spend that money while continuing to see not enough come in. Perhaps this was just a stop-gap measure while MoviePass waited to see enough revenue come from new policies like the new surge pricing to make up the difference. If not, expect to see MoviePass make some major changes in the short term as they continue to look for ways to make the low price subscription model work.
Subscribe To J.K. Rowling, George Lucas And 4 Other Creators Who Retconned Movies After They Were Released Updates close. George Lucas Writes Sweet Tribute To Peter Mayhew.
Why the Millennium Falcon Looks Different in 'Solo: A Star Wars Story'? "It's safer in the galaxy to fly something that looks like a piece of junk. People underestimate you - especially if you
Why the Millennium Falcon is the biggest Star Wars star - CNET
Michelle Pfeiffer Finds Her Catwoman Whip and Reminds Us She's Still Purrfect For the Role her skills with the same whip she used as Catwoman in 1992's Batman Returns. watch Pfeiffer
Michelle Pfeiffer Shows Off Her Catwoman Whip From BATMAN
Idris Elba Won't Be Playing Deadshot In The Suicide Squad
Since Shazam is not coming out for a while, we're not expecting much information on the film at the Hall H presentation, but it's still possible that there will be something new announced. This movie doesn't have too much mystery around it, so we really just want to see some footage from the film, ideally a trailer.
Animation Domination! Previewing DC's 2019 | A Place to Hang
Joining those ranks is a significant moment in Netflix's journey to gain the respect of its peers as a cinematic force (despite its nearly-invisible footprint in movie houses), industry analysts
World War Z 2 (or whatever better title it would have had) was to be the star-director duo's first team-up since The Curious Case of Benjamin Button, and it would have presumably been even more
World War Z Movie Review & Film Summary (2013) | Roger Ebert
Image"It only gets more interesting when you're too old to play dumb," said the actress-turned-filmmaker.CreditCreditRyan Pfluger for The New York TimesBefore Olivia Wilde was a first-time feature director or the star of innumerable projects that she was told would make her the Next Big Thing, she was one more Hollywood newcomer looking for guidance.
Eddie Brock, who has emerged with the vengeance-filled Venom symbiote, sets his sights on destroying Peter Parker and everything that is Spider-Man. From Season 2, Episode 6. "Dead Man's Party
New Venom Images Hint at Eddie Brock's Brutal Metamorphosis
Deadpool star Ryan Reynolds offered a typically cheeky response over rumors the Michael Bay-directed 6 Underground is actually a clandestine ThunderCats adaptation.I don't understand
Secret Thundercats Movie Is Fake News Claims Deadpool Writer
This video contains Sean Chandler Talks About's ranking of the top 15 highest grossing blockbusters worldwide. This is the not adjusted for inflation list RANKED! AFFLIATE DISCLAIMER
NBA Power Rankings: Every Team's Likelihood of a Summer
Jurassic World: Fallen Kingdom has officially joined the $1 billion club at the worldwide box office.The latest entry in the Jurassic Park franchise is now the seventh movie from Universal to
'Jurassic World: Fallen Kingdom' Roars to $1 Billion at the
Billy Batson's foster brother Freddy Freeman is a big fan of superheroes in the trailer for Shazam.In his bedroom he has a variety of memorabilia collected, including some newspaper headlines.
Shazam Movie Image Is Full Of DCEU Easter Eggs | ScreenRant
Dave Bautista has been open about his loyalty to James Gunn, especially in the months where Guardians 3 was on hold and the director was out of the public eye. And it appears he wanted to puff up his chest a bit and make his feelings known while Marvel Studios figured out what to do for the upcoming Guardians threequel.
No, Dave Bautista Wasn't Going To Quit Guardians 3 To Do The
movie streaming korean
best free movie streaming sites 2019
veronica mars movie streaming
scary movie streaming
will and kate movie streaming
movie streaming revenue
what is the best movie streaming site
will hunting movie streaming
movie queen streaming
resolution movie streaming
will you be there korean movie streaming
best free movie streaming sites
www.free movie streaming
movie streaming in australia
itunes movie streaming quality
movie streaming apps for android
jumanji 2017 full movie streaming
dimsum martabak full movie streaming
movie streaming platforms
movie streaming with chromecast
movie streaming on ps4
movie streaming movie 4k
where are the best movie streaming sites
movie streaming free trial
zovioz.com unlimited movie streaming
how to find which streaming service has a movie
dilan full movie streaming
watch movie streaming online
is the post movie streaming
jumanji full movie streaming
shoplifters movie streaming
a goofy movie streaming
movie streaming unblocked
sully movie streaming
if looks could kill movie streaming
alpha movie streaming
free movie streaming yahoo answers
movie streaming fmovies
where is stree movie streaming
cars movie streaming
shame movie streaming
movie streaming membership
movie streaming links reddit
movie streaming quality comparison
hd movie streaming free
free online movie streaming australia
movie streaming bandwidth
movie streaming glass
iron will movie streaming
movie streaming app xbox one
movie streaming app ios
movie streaming bohemian rhapsody
movie streaming companies
it movie streaming free
popcorn movie streaming
movie streaming monthly subscription
free movie streaming apps
hindi movie streaming
best worst movie 2009 streaming
movie streaming english free
everest movie streaming
movie streaming blogspot
top 20 movie streaming sites
best movie streaming now
top 10 movie streaming sites 2018
lego movie streaming
movie streaming video
movie streaming thailand
movie streaming killer
movie streaming germany
top 10 free movie streaming sites
movie streaming free websites
movie streaming now
movie streaming roku
qismat movie streaming
movie streaming check
movie streaming charts
krampus movie streaming
vice movie streaming
aquaman movie streaming
how much is amazon movie streaming
dragon ball super broly movie streaming
free movie streaming 123
kursk movie streaming
goosebumps movie streaming
psych the movie streaming
movie streaming template free
who is streaming the lego movie
movie streaming wordpress theme
#tvroomdesign #filmtavsiyesi #watchcrazy #watchswag #watchquiz #CASAMXhostales #TVSHow #Filmametitrashqip #movieaddict #watchful #blackiflix #watchblogger #WatchMovies #saladetv #independenceday #melaninmagic #watchpornid #blackenterprise #netflixturkiye #filmizle #birdbox #funnytime #Serialemetitrashqip #watchmovies #watchthemoonrise #watchmaniac #WatchUsRise #blacktech #TvSeries #getsome #WatchJunkie #watchdose #watchingthesunset #watchluxus #FreeMovies #putitinreverseterry #hostales #4thofjuly #Movies #blackbusiness #watchphoto #blacksuccess #movietime #merica #SomosTuConexi #filmography #fireworks #watchcandy #blackking #watchmvmt #watchbrandname #watchwomen #watchnerds #watchuswork #america #filmlover #americanflag #melanin #Seriale #murica #blackqueen #sandrabullock #Qesh #Filma #WatchRoss #bff #watchhill #blackhistory365 #watchtattoo #fourthofjuly #watchalert #filmyorumu #moviesstreaming #watchenthusiasts #slay #watchestyle #socialstreaming #blacksocialmedia #netflix #watchos4
0 comments:
Post a Comment