MoviePass has been having a rough go of late as the movie ticket subscription service tries to find a business model that keeps the company sustainable. Now MoviePass has even more problems. The service's parent company Helios and Matheson just posted a quarterly loss of over $126 million for the second quarter of 2018, and if that wasn't enough, the company is also being sued by shareholders.
Shareholder Jeffrey Braxton filed a class action lawsuit on Monday against Helios and Matheson claiming that shareholders in the company were misled regarding the company's business and its prospects. As a class action suit, hundreds or thousands of people could potentially become plaintiffs in the case. The suit seeks to recover the losses that shareholders suffered as a result of what the complaint calls "false and misleading statements or material omissions" from the parent company. Helios and Matheson, CEO Ted Farnsworth and CFO Stuart Benson are all named in the suit.
According to Deadline, the suit appears stems from the incident in late-July where MoviePass stopped working for all subscribers. It was later revealed that MoviePass had needed a massive cash infusion in order to be able to afford its merchants. Since then, MoviePass implemented one major change to its structure, that was then rolled back and replaced by a second new set of policies when the first set turned out to be unpopular with subscribers.
MoviePass very likely has a lot of angry shareholders right now, as the company's stock closed at a value of $.05 a share yesterday. The stock has dropped below $1 per share twice in the last couple months, even after a reverse stock split was instituted in order to bolster share value. At this point, MoviePass quite literally isn't worth very much.
Part of this is certainly due to the fact that a significant number of people have canceled the service in recent days, or at least tried to, as some reports have indicated that MoviePass may have "uncancelled" some subscribers. MoviePass instituted a peak pricing policy that charged users a premium for some movies while blacking out others from being accessible via the MoviePass app. While MoviePass' new program removes peak pricing as well as most blackouts, MoviePass' cancellation policy prevents somebody who ends their subscription from reactivating it for nine months, so the people who are gone are going to be gone for a while, even if the policy changes have made the service enticing again.
It seems that everywhere MoviePass turns it runs into more problems, and between the significant operating loss and now a lawsuit, things are continuing to get worse before they have a chance to get better. Whether or not they actually will get better remains to be seen.
Jason Blum and John Carpenter's comments aside, it is worth noting that there is something somewhat special about the current horror boom in that it can't be readily defined.
John Carpenter And Jason Blum Don't Think The Current Horror
Looks Like DC's Batman Movie Is Finally Coming Together Movies December 13, 2018 No Comments Aquaman is about to come out, Wonder Woman 1984 has been delayed , Birds of Prey has a release date, a new title and a cast; the DCEU is moving along.
Looks Like DC's Batman Movie Is Finally Coming Together
celebgossipnews.co/looks-like-dcs-batman-movie-is-finally-coming-together/
And yet we are all still waiting to see what is going on with Matt Reeves' Batman movie. The questions about the film are many and news about the project is scarce, but it appears that DC's Batman movie is finally coming together, at least according to one reporter.
See What Sebastian Stan Could Look Like As DC's Riddler
Why Mark Wahlberg And Peter Berg Decided To Do An Original
The Halloween Reboot Almost Had A Very Different Title Movies October 2, 2018 No Comments David Gordon Green's upcoming Halloween movie falls on an unusual and unexpected point on the franchise's timeline.
The Halloween Reboot Almost Had A Very Different Title
Lego Movie 2's Will Arnett Threw Shade At Ben Affleck In Justice League Watch Lego Batman Fall In Love In New Lego Movie 2 Clip The 14 Most Badass Superhero Moments Of 2017
The Lego Batman Movie trailer with Ben Affleck, Adam West
X-Men: Dark Phoenix's Evan Peters Thought He Was Filming For Deadpool 2's Post-Credits Scene Deadpool 2 has some great moments, but the absolute funniest might be the scene early in the film where
'X-Men: Dark Phoenix': Evan Peters Reveals How Quicksilver
Okoye is the general of the Dora Milaje and the head of Wakanda's armed forces and intel. Witnessing T'Challa's coronation, she joins him in tracking down Ulysses Klaue.After Erik Killmonger overthrew T'Challa, Okoye found herself conflicted between her friendship with T'Challa, or her duty to her new king.
S.H.I.E.L.D. Files | These heroes are SUPER! | Marvel
STAR WARS Could Easily Bring Back Han Solo for EPISODE IX. by M. Arbeiter. After news broke that Billy Dee Williams could reprise his role as Lando in Star Wars: Episode IX, More on Star Wars
'Star Wars Episode 9' Spoilers: 5 Classic Reunions That Could
Adam Driver says the ending of 'Star Wars: The Rise of Skywalker' has been planned 'even from the beginning' through line has been planned since the beginning. The Force Awakens" and the
Star Wars: The Rise of Skywalker - Wikipedia
Jurassic World: Fallen Kingdom is now playing overseas and if you're at all curious about which Easter Eggs, references, and cameos you should be keeping an eye out for, you'll want to check these
'Jurassic Park' Easter Egg Found In 'Jurassic World: Fallen
If you thought you were surprised when co-writer/director J.C. Chandor dropped that twist into the film, just wait until you hear about how the audience at the film's big premiere, courtesy of
Triple Frontier's Big Twist Even Surprised Its Premiere
Yes, that was the character formerly known as Darth Maul you saw in hologram form at the end of Solo: A Star Wars Story. The villainous character was first introduced in 1999's The Phantom Menace.
Why Darth Maul's Face looks so different in Solo - Star Wars
The directors of Avengers: Infinity War specifically stated they made the Black Order much weaker in order for them to be a stepping stone for the superheroes. This was seen when their deaths elevated the character of a hero, and while this was effective, it hid the Black Order's true potential.
Infinity War: Thanos' Black Order Were The Worst Part
Surprise box-office hit movie The Greatest Showman is destined for the bright lights of Broadway. The film has made over 430 million US dollars at the box office, and reports from The Cannes Film
Why The Nightmare On Elm Street Reboot Hasn't Happened Yet, According To The Writer 5 months ago The horror renaissance of recent years has seen Michael Myers and Pennywise return to theater screens, with Chucky, Jason and Candyman all on the way back in one form or another.
Why The Nightmare On Elm Street Remake Was So Bad, According
movie streaming rental
how to watch movie streaming online
top ten movie streaming sites
youtube free movie streaming
it movie streaming online
movie streaming tagalog
rudolph the red nosed reindeer movie streaming
movie streaming cms
movie streaming template
movie streaming roku
get out movie streaming
malay movie streaming
movie streaming english free
movie streaming networks
streaming movie keeps freezing
movie streaming script
movie streaming box for tv
how much is amazon prime movie streaming
justice league movie streaming
danur full movie streaming
hd online movie streaming
movie streaming comparison
us movie streaming free
top movie streaming sites
movie streaming api
where can i find a movie streaming
wonder movie streaming
kl special force full movie streaming
movie streaming endgame
mannequin movie streaming
susah sinyal movie streaming
go movie streaming
list of movie streaming sites
streaming movie xx1 indonesia
best worst movie documentary streaming
disney movie streaming
best movie streaming
movie streaming xbox one reddit
now and then movie streaming
coco full movie streaming
movie streaming sites yahoo answers
movie streaming release dates
movie streaming uk
full movie streaming youtube
reddit movie streaming sites 2018
free movie streaming xbox 360
would you rather movie online streaming
movie streaming eng
does movie streaming count as download limit
online hindi movie streaming
what does movie streaming mean
movie streaming search
qube movie streaming
android movie streaming app
si doel the movie streaming
movie streaming market share
movie streaming wordpress theme
movie streaming php script
quiet place movie streaming
free online movie streaming australia
best movie streaming websites
movie streaming disney
movie streaming v
xbox movie streaming
pitch perfect 3 full movie streaming
movie streaming viooz
movie streaming vf
zodiac movie streaming
free movie streaming yidio
movie streaming us free
is the post movie streaming
quality movie streaming sites
movie streaming in canada
groundhog day movie streaming
one two jaga full movie streaming
movie streaming kanopy
must be love movie streaming
movie streaming gift card
movie streaming monthly subscription
how to download movie streaming
as the gods will movie streaming
can't buy me love movie streaming
rad movie streaming free
munafik 2 full movie streaming
popcorn movie streaming
free movie streaming youtube
zero dark thirty full movie streaming
movie streaming sites for ps4
your name movie streaming
how to find which streaming service has a movie
movie streaming free 2019
movie streaming programs
the best free movie streaming sites
#blackqueen #watchhill #Zgerdhiu #watchmaniac #watchblogger #tvroomdesign #watchingthesunset #blackhistory365 #watchmovies #saladetv #america #watchenthusiasts #melaninmagic #4thofjuly #filmizle #netflix #bff #watchuswork #watchpornid #blackiflix #holiday #SomosTuConexi #watchluxus #watchphoto #getsome #Filmametitrashqip #WatchMovies #watchful #birdbox #watchos4 #WatchJunkie #blavity #CASAMXhostales #watchnerds #TVSHow #movietime #watchswag #blacktech #blacksocialmedia #blackbusiness #watchcandy #watchbrandname #blackenterprise #watchcrazy #slay #WatchRoss #murica #watchwomen #filmlover #merica #watchalert #filmtavsiyesi #Serialemetitrashqip #watchmvmt #watchquiz #movieaddict #socialstreaming #sandrabullock #Filma24 #Movies #watchdose #hostales #filmography #putitinreverseterry #HostalCASAMXalameda
