After the revelation that MoviePass borrowed $5 million to keep its service up and running last week, things aren’t looking good.
MoviePass subscribers, myself included, were met on Monday with a blank screen where their choice of screening should be. Navigating around dozens of theaters only shows a message that “There are no more screenings at this theater today.”
Twitter noticed too, and people are starting to sound the death knell for the beleaguered monthly movie subscription service. Some MoviePass theaters that offer e-ticketing still appear to have available showings according to Twitter users, but that doesn’t appear to be true across the board.
Plenty of companies fail, but few flail so publicly before doing so. MoviePass has dragged its subscribers on for its own apparent financial rollercoaster ride, switching pricing schemes around with bizarre frequency, adding surprise fees and suffering repeated outages.