It can't confirm if or when it will re-establish the service. Its future is unclear. And MoviePass' app rival Sinemia shut down its service in the U.S. in late April, citing insufficient funding. MoviePass will shut down for good on Sept. 14 (cnbc.com) 428 points by jameslk 66 days ago | hide | past | web | favorite | 237 comments: filmgirlcw 66 days ago. Moviepass has shut down on the grounds of its inability to recapitalize the company. This news sits within a larger announcement by the parent company Helios & Matheson to create a board committee to explore all strategic and financial alternatives for the company. MoviePass, the financially beleaguered movie-subscription service, plans to shut down for a number of days to revamp a mobile app that’s frustrated customers and to recapitalize. Last year, I bought a MoviePass t-shirt from the company’s merch site in anticipation of just this event. MoviePass, the financially beleaguered movie-subscription service, plans to shut down for a number of days to revamp a mobile app that’s frustrated customers and to recapitalize. MoviePass shut down last night temporarily after running out of money, forcing them to quickly borrow $5 million to turn the service back on. MoviePass, once a revolutionary ticketing service, is temporarily shutting down on Saturday and it's unclear if it will return. I’m going to wear it tomorrow. MoviePass To Shut Down Tomorrow (Maybe for Good) 'Our efforts to recapitalize the company have not been successful to date,' MoviePass's CEO Mitch Lowe said in a letter to subscribers on Friday. MoviePass, once a revolutionary ticketing service, is temporarily shutting down on Saturday and it's unclear if it will return. After years of ups and downs, massive surges in popularity, public shaming, and pricing adjustments, MoviePass is finally shutting down for good. After struggling for months, MoviePass has finally been shut down. MoviePass, the movie ticket subscription service that allowed subscribers to buy up to three movie tickets per month for a small fee, shut down Saturday.
Major theatrical exhibitors, however, found some takeaways in MoviePass' model. MoviePass will shut down on September 14th Greg Kumparak @grg / 9 months MoviePass’ all-you-can-watch movie theater membership always seemed too good to be true.