Category Archives: moviepass

MoviePass borrowed $5M to end yesterday’s outage

More bad news for subscription movie ticket service MoviePass, which acknowledged yesterday that there was an unidentified issue preventing people from using their MoviePass credit cards to get tickets. A regulatory filing from parent company Helios & Matheson offers more insight about what happened. The filing (first spotted by Business Insider) announces a “demand note” of $6.2 million, including $5 million in cash that the company borrowed. It goes on to explain: The $5.0 million cash proceeds received from the Demand Note will be used by the […]

Read more