3 Reasons MoviePass Died Today
It should come as no surprise that the most unsustainable business model in all of Tinseltown is toast. MoviePass parent Helios and Matheson Analytics is shutting down the multiplex subscription service on Saturday, failing in its efforts to recapitalize the business. Investing in small-cap stocks is risky, but anyone who has bought into the MoviePass parent over the past two years has seen practically all of that investment evaporated. You don't want to buy the wrong small caps.
The company's independent board members will explore strategic alternatives, including asset sales, but it's likely to be curtains for MoviePass as we once knew it. Just in case you thought the once disruptive model had a chance, let's go over the reasons MoviePass failed.
Image source: MoviePass.
Source Fool.com
