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MoviePass stopped working because it ran out of money

  • Subscription movie service MoviePass made a name for itself by practically handing out money.

The popular service, owned by parent company Helios and Matheson, charges $9.95 a month to see up to one regular 2D movie in theaters a day—including in markets like New York, where a…

  • Alison Griswold
  • Quartz

MoviePass pays the theaters full price for each ticket.

Ern 4dHow fast has the money gone?

In May, MoviePass reported spending $40 million more in cash than it brought in.

For June, it expected that gap to increase to $45 million.

In July, the…

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