MoviePass employs location-based technologies to allow individuals to watch movies at local theaters for a fixed monthly price. A public relations company listed on the Helios website, Pollack PR Marketing Group, said it was no longer working for the firm. MoviePass, the monthly $10 subscription service that enabled me to see Baywatch in theaters guilt-free, is no more.Less than a month ago, it was a thriving, totally economically unsustainable way of taking money directly from brain-addled venture capitalists and putting it towards your third viewing of The Last Jedi. In markets like New York, where an adult ticket costs $15 to $20, the company appeared to be offering an unbeatable deal. "What took them so long? MoviePass acquired by Helios and Matheson Analytics, Name of the organization that made the acquisition, Total amount raised across all funding rounds, Total number of current team members an organization has on Crunchbase, Total number of investment firms and individual investors, This profile is locked. It was founded in 2011 and is headquartered in New York. MoviePass is a subscription service that allows customers the freedom to see movies in theaters at a fixed monthly price. Download the NBC News app for breaking news. How It Works: -Sign up for MoviePass to receive your MoviePass card. Download the MoviePass app while waiting for your card to arrive. Not a shocker at all," said Michael Pachter, managing director of Wedbush Securities. MoviePass finally shut down in September — after which some subscribers said they were still being charged a monthly fee, according to some reports. "They were selling dollars for nickels. The user will also have the ability to rate each movie and theater experience after the film. Customers were outraged that they could now watch only three movies a month, instead of 30, and the company was pilloried on social media. MoviePass is the nation's premier theatrical subscription service, allowing you to see movies in over 4000 theaters across the United States for one low subscription fee. "Absent some other form of other compensation, MoviePass will be losing money on every subscriber seeing two movies or more in a month," the theater chain AMC said in a statement announcing that it would reject MoviePass customers in August 2017. MoviePass offered a $9.95 monthly subscription allowing consumers to see a movie every day. Active, Closed, Last funding round type (e.g. With the use of location-based mobile technologies the user will have the ability to check into their movie theater of choice and share their movie-going experiences with their peers through their favorite social networks. Purchase tickets on-the-go, save big at concessions, and store your RCC card. said they were still being charged a monthly fee. “Within the next 30 days,” the company says that the “standard pricing plan” will now be $14.95 per month, pointing toward yet another disaster in the making for MoviePass. The new Marcus Theatres mobile app is now available for Movie Tavern customers! MoviePass may be cratering, but movie theater subscriptions are here to stay. However, as more people signed up for the service, some theaters began to refuse MoviePass customers. It was an unsustainable model.". SaaS, Android, Cloud Computing, Medical Device). The beleaguered ticketing service is trying to shake off its troubled image as a subscription company in a perpetual state of chaos and near collapse with a new market…

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