The long-struggling MoviePass has announced that they have shut down operations after not being able to secure funding.
It looks like MoviePass may have used some shady tactics to keep users locked out of their accounts.
Similar to MoviePass, Regal Unlimited will allow patrons to see unlimited movies, but with a big catch.
Struggling movie ticket subscription service MoviePass recently shut down and isn't taking any new subscribers.
The once-promising service MoviePass is down more than 90 percent in subscribers when compared to less than a year ago.
The MoviePass day-to-day operations have been handed over to current CEO Mitch Lowe, effective immediately.
Two MoviePass subscribers in New York filed a class action lawsuit claiming that they were only able to see three movies in ten months.
Unlimited plans will be reintroduced for MoviePass subscribers with information coming next week.
It is believed that Warner Bros. and Universal Pictures are going to bring up the topic of early video-on-demand, which could start a war with theaters.
AMC Stubs A-List is set to increase in price next year as MoviePass continues to struggle, with AMC citing high-demand for their service.
New York Attorney General Barbara Underwood has announced that she has opened a probe against MoviePass.
AMC has launched its own movie subscription service which has few restrictions than MoviePass.
With MoviePass projected to hit 5 million subscribers by the end of the year they're confident the service won't disappear.
After announcing a new public offering, Helios and Matheson stock plummeted, raising doubts over the future of MoviePass.