Security

MoviePass Suffers Service Disruption Due To Lack Of Money

19 days ago   |   By Android Headlines

MoviePass seemingly ran out of money yesterday which in effect led to a temporary disruption to the service where its customers were unable to purchase tickets to see a movie. This is based on a U.S. Securities and Exchange Commission filing by Helios and Matheson Analytics Inc. - the company that owns MoviePass among other subsidiaries - which looked to secure $5 million in funding to end the service disruption that was in effect. The ‘Demand Note' specifically highlights the borrowed money was for MoviePass and “ to pay the company's merchant and fulfillment processors .” With the filing...
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