MoviePass Parent to Raise $1.2 Billion to Save Theater Subscription Service

Entertainment (now) 2018-07-03

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On Monday SF Gate reported that MoviePass parent company Helios + Matheson plans to raise $1.2 billion to keep their struggling movie theater ticket subscription service going. Helios + Matheson has poured tens of millions of dollars into the $10-a-month subscription moviegoing service, fueling its growth to 3 million-plus users.

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