CNWGY - MoviePass 2: The Sequel!
You remember MoviePass, right? The company raised Hollywood's hackles in 2017 and 2018 with an all-you-can-watch subscription service for movie tickets. Under the wings of data analytics company Helios & Matheson, MoviePass butted heads with theater chain operators AMC (NYSE: AMC) and Cineworld (OTC: CNWGY) before collapsing under a cash-burning business model.
It's been three years since the MoviePass service shut down and two years since Helios & Matheson filed for Chapter 7 liquidation. But that's not the end of the story.
MoviePass co-founder Stacy Spikes is ready to relaunch the service on Labor Day, in a radically different movie market.
For further details see:
MoviePass 2: The Sequel!