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MoviePass Parent Company Reports Massive 2018 Loss

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On Wednesday, MoviePass parent company, Helios and Matheson Analytics, reported massive losses to the SEC. Business Insider reports that Helios and Matheson lost lost over $266 million in 2018. The company has continued to burn through money since buying MoviePass in the summer of 2017. Contributing to the loss was the company dropping the monthly subscription price to see movies to $10 a month. Leaked internal data shows MoviePass dropped from over 3 million subscribers to about 225,000.

Added on the 22/05/2019 13:36:47 - Copyright : Wochit

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    According to Business Insider MoviePass parent company, Helios and Matheson Analytics, lost over $266 million in 2018. Helios and Matheson reported the loss to the Securities and Exchange Commission on Wednesday. Helios and Matheson has continued to burn through money since buying MoviePass in the summer of 2017. In the summer of 2017, the company dropped the monthly subscription price to see movies to $10 a month.

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