But MoviePass CEO Mitch Lowe told Bloomberg this week that the company “totally underestimated demand” and admitted they were “nowhere near prepared.”
It used to cost subscribers upwards of $50 a month to hold a MoviePass, which allows filmgoers to see unlimited movies in a month.
Lowe said the company now has 35 employees – holy cow, MoviePass only had roughly 11 employees to begin with?
MoviePass has been around for some time now, but last month the bulk ticketing subscription service got major attention for slashing their prices.
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