MoviePass declares bankruptcy, is truly dead now


MoviePass is dead. Again. For real this time though: as reported by Deadline, the company declared bankruptcy today, and there’s no way it’s coming back. MoviePass shut down its services in September, but at the time, its parent company Helios and Matheson Analytics was still looking into a potential sale. There was at least a bit of a chance the service would be revived under new ownership. But MoviePass’ leadership has all resigned now. Moreover, the company has filed for Chapter 7 bankruptcy, meaning its assets will be dissolved (as opposed to Chapter 11 bankruptcy, where a company might try…

This story continues at The Next Web

from The Next Web https://ift.tt/2ObafBt

Comments

Popular posts from this blog

Quantum physicists say time travelers don’t have to worry about the butterfly effect