Blog
So, Uh, MoviePass Ran Out of Money Last Night
In a Securities and Exchange Commission filing on Friday, the owner of MoviePass, Helios and Matheson Analytics, disclosed that it had borrowed $5 million in cash following a "service interruption" on Thursday because the company was unable to make certain required payments.In other words: On Thursday it ran out of cash, at least temporarily.
Yikes.
Friday July 27, 2018