Movie Pass service ends on Saturday, future of service unclear

David Caplan
September 13, 2019 - 7:27 pm

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NEW YORK (1010 WINS) -- MoviePass, the subscription service that lets you frequent movie theaters for a set monthly fee, is ending the discount ticketing service on Saturday, the company said Friday.

MoviePass informed subscribers that it is shutting down the service because "efforts to recapitalize MoviePass have not been successful to date."

The company has formed a review committee, made up of the company’s independent directors, to explore "strategic and financial alternatives" for the company.

Movie Pass launched a new version of its unlimited plan, letting users watch one movie per day for $9.95 a month.

At its peak, it had more than 3 million members, but as of last April, it had only 225,000 members.