Despite reducing its prices to less than $10 a month and seeing positive growth, MoviePass has experienced notable liquidity problems.
In October, Helios and Matheson’s stock was trading at $38.86 per share and is now at just above 33 cents per share. The company is currently making an effort to push its share price over $1 so it won’t be delisted from Nasdaq.
This week, AMC Theatres announced that it has launched a monthly subscription service to rival MoviePass.
Subscribe and receive the latest news from the industry.
Join 62,000+ members. Yes, it’s completely free.