MoviePass Owner’s Cash Runs Low With $9.95 Monthly Deal Taking Toll [Bloomberg]

MoviePass CEO Mitch Lowe

MoviePass Owner’s Cash Runs Low With $9.95 Monthly Deal Taking Toll [Bloomberg]

By Anousha Sakoui

May 8, 2018 | The clock may be ticking for MoviePass Inc. and owner Helios & Matheson Analytics Inc.

Helios & Matheson said in a filing Tuesday that it had just $15.5 million in cash at the end of April, and the firm has been going through about $21.7 million a month. It also has $27.9 million on deposit with merchant processors.

Read more on Bloomberg

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