Helios & Matheson even admitted that the MoviePass business model is “highly uncertain” in their filing.
It’s no surprise that MoviePass’ infamous $9.95 a month movie-a-day plan (which is back, for now) isn’t exactly profitable.
So perhaps with some more rigorous tweaks and changes to subscription plans they can keep the company alive.
Those numbers quickly worried share holders, resulting in a 32 percent drop in shares on Tuesday following the financial reveal.
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