MoviePass suffered a service outage late Thursday caused by it temporarily running out of cash. Its parent company — Helios & Matheson — said in May that it had enough cash to last over a year. The service was unavailable for many users late Thursday into early Friday. HMNY crashed more than 50% following the announcement of an emergency $5 million loan. Helios & Matheson — the parent company of MoviePass —said Friday that its ongoing cash troubles had finally hit a breaking point, causi...
The owner of MoviePass is crashing after it briefly ran out of money (HMNY)
Business Insider - 27 Jul 2018 16:50
MoviePass suffered a service outage late Thursday caused by it temporarily running out of cash. Its parent company — Helios & Matheson — said in May that it had enough cash to last over a year. The service was unavailable for many users late Thursday into early Friday. HMNY crashed more than 50% following the announcement of an emergency $5 million loan. Helios & Matheson — the parent company of MoviePass —said Friday that its ongoing cash troubles had finally hit a breaking point, causi...
Share this Article
Recommended