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Added on the 23/05/2019 06:18:09 - Copyright : Wochit
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.
In early May, the unsurprising news arrived that MoviePass was swiftly running out of cash, which led many to believe that the party was almost over. That is to say, the service has been offering an unsustainable (by rational standards) “unlimited” plan (which it recently resurrected) that offers subscribers a movie-a-day in theaters for only $10 per month. And according to the Hollywood Reporter, the service’s parent company has been in stock free fall for weeks with Tuesday seeing a new low.
Boeing lands the first sales deal for the 737 MAX jet since its grounding in March. He order was announced at the Paris Air Show. Also, Donald Trump and Xi Jinping are set for an "extended" meeting at the G20 summit, and Facebook's digital currency plan draws pushback from lawmakers and privacy advocates.
Anticipation is high for Disney and Pixar's Toy Story 4. The animated film is impressing critics so far as the film holds a perfect 100% score on Rotten Tomatoes. According to ComicBook.com, out of 39 reviews, all 39 are fresh, with an average rating of 8.59 out of 10. The film is tracking for a $200 million dollar opening. Toy Story 4 hits theaters on June 21st.
Comicbook.com reports Disney is looking forward to a potentially record shattering opening weekend with 'Toy Story 4.' A new report from Deadline says the Disney/Pixar film is projected to see a $200 million opening, the highest for any animated movie. The current record holder is 'Incredibles 2' which had a three-day total of $182.6 million. Fandango and Atom Tickets say 'Toy Story 4' broke the record for most pre-sale tickets sold for an animated movie in one day. Director Josh Cooley said, "We realize there is more story to tell to continue Woody's story and once we started going down that path and realizing oh there is more to tell for Woody, we just kept going and we hit upon something that's worth telling." 'Toy Story 4' will be released on June 21st.
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