Growing Like Mad But Hemorrhaging Cash, Can MoviePass Survive The Summer?

“With the service’s subscriber base exploding from 20,000 ([last] August) to nearly two million users in under one year, MoviePass faces fresh doubts about its ability to remain in the game. Specifically, the embattled company is facing existential reckoning about its gigantic negative cash flow, financial sustainability, and protection of user data.” Chris Lee explains the situation.