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MoviePass To Let Subscribers See Just 3 Movies A Month

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MoviePass says it will limit the number of movies subscribers can see to three per month. According to Business Insider, the change is meant to control the company's cash burn. CEO Mitch Lowe tells The Wall Street Journal it will reduce the burn rate by more than 60%. With the cash burn rate reaching an estimated $45 million last month, it's still an uphill climb.

Added on the 06/08/2018 09:18:34 - Copyright : Wochit

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