MoviePass Hikes Subscription Fees, Limits Access to Films

[MoviePass] is strapped for cash and has introduced a series of measures that it hopes will keep itself solvent. They include jacking up the prices from $9.99 to $14.95 per month over the next 30 days, as well as limiting access to nearly all Hollywood blockbusters within their first two weeks of release. The company’s parent company, Helios & Matheson, said these steps will reduce its cash burn rate by 60%. – Brent Lang, Variety https://ift.tt/2Ot9uSK
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