Don’t be a selfless startup

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Remembering the startups we lost in 2019

All manner of startups fail for all manner of reasons. But there’s one constant: this is an incredibly difficult business. Launching a successful company isn’t just a matter of drive and finding the right people (though both, clearly, are important). Doing well in this business requires the stars to align perfectly on a billion different […]

MoviePass will shut down on September 14th

MoviePass’ all-you-can-watch movie theater membership always seemed too good to be true. After multiple price hikes, business model changes, temporary shutdowns and raising a mountain of money less than a year ago, the company seems to be calling it quits. MoviePass has issued an announcement letting customers know that the service will stop working as […]

MoviePass borrowed $5M to end yesterday’s outage

More bad news for subscription movie ticket service MoviePass, which acknowledged yesterday that there was an unidentified issue preventing people from using their MoviePass credit cards to get tickets. A regulatory filing from parent company Helios & Matheson offers more insight about what happened. The filing (first spotted by Business Insider) announces a “demand note” […]

Sinemia, a MoviePass competitor, launches cardless ticketing

Sinemia is further differentiating itself from its main competitor, MoviePass. The moviegoing startup is launching a new feature today that gets rid of the need for people to have a physical card in order to purchase movie tickets. This comes after a number of new Sinemia customers reported long wait times for their debit cards […]

MoviePass parent drops another 46%

There’s been another bomb at the box office, and it isn’t a movie. MoviePass parent Helios & Matheson lost nearly half of its remaining value today as investors continued to flee the cash-burning movie service. That drop followed a 31 percent dive yesterday, after the company filed a statement with the SEC warning that it […]

MoviePass parent drops 31% on looming cash crunch

The big question in the media world today is whether MoviePass parent company Helios and Matheson can stanch the bleeding of its cash flows before it becomes insolvent. In a new filing today with the SEC, Helios informed investors that it had $15.5 million in available cash, with another $27.9 million in accounts receivable from […]

Subscription hell

Another week, another paywall. This time, it’s Bloomberg, which announced that it would be adding a comprehensive paywall to its news service and television channel (except TicToc, its media partnership with Twitter). A paywall was hardly a surprise, but what was surprising was the price: the standard subscription is $35 a month (up from $0 […]

MoviePass brings back ‘unlimited’ movie subscription plan

It’s hard to keep track with what MoviePass is doing these days, but here’s trying. Today, MoviePass has brought back its nearly all-you-can-watch monthly movie subscription, Variety reports. With its original plan, subscribers can watch up to one movie a day, every day. This comes after MoviePass removed this subscription last month in favor for […]

MoviePass CEO says he doesn’t know if the one-movie-per-day subscription will ever return

MoviePass is known for a pricing model that sounds too good to be true — in exchange for paying $9.95 per month, subscribers get up to one movie ticket per day. At least, they used to: If you try to sign up now, that isn’t quite what you’re offered. Instead, there’s a bundle that combines […]