Movie Pass is officially Shutdown. MoviePass’ all-you-can-watch movie theatre membership always seemed too good to be true. After multiple price hikes, business model changes, temporary shutdowns and raising a mountain of money less than a year ago, the company seems to be calling it quits. movie pass close. moviepass review. What is moviepass moviepass ceo.

MoviePass has issued an announcement letting customers know that the service will stop working as of September 14th — so, tomorrow — because “its efforts to recapitalize MoviePass™ have not been successful to date.”

For the past few months, MoviePass had existed in a weird sort of zombie state; some customers in some regions were still able to use it, but no new subscribers were being accepted. Not helping the matter any, a database with “tens of thousands” of MoviePass customer card numbers was found unsecured at the end of August.

The company says it’s exploring “all strategic and financial alternatives,” from a massive “reorganization” to a sale of the company and all of its assets. In the meantime, though, it sounds like the service is dead, effective pretty much immediately.

Mitch Lowe is an American businessman known for his contributions in the video and rental industry. He is currently the CEO of MoviePass, a subscription service that charges members a monthly fee for movie tickets at cinemas. He has also served as an executive at Netflix and the president of Redbox. moviepass news. hmny stocks and apps 2019 spetember 14.







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