WATCH BOX OFFICE MOVIES FOR FREE
MoviePass Is Being Sued By Its Shareholders After Huge Quarterly Loss
MoviePass has been having a rough go of late as the movie ticket subscription service tries to find a business model that keeps the company sustainable. Now MoviePass has even more problems. The service's parent company Helios and Matheson just posted a quarterly loss of over $126 million for the second quarter of 2018, and if that wasn't enough, the company is also being sued by shareholders.
Shareholder Jeffrey Braxton filed a class action lawsuit on Monday against Helios and Matheson claiming that shareholders in the company were misled regarding the company's business and its prospects. As a class action suit, hundreds or thousands of people could potentially become plaintiffs in the case. The suit seeks to recover the losses that shareholders suffered as a result of what the complaint calls "false and misleading statements or material omissions" from the parent company. Helios and Matheson, CEO Ted Farnsworth and CFO Stuart Benson are all named in the suit.
According to Deadline, the suit appears stems from the incident in late-July where MoviePass stopped working for all subscribers. It was later revealed that MoviePass had needed a massive cash infusion in order to be able to afford its merchants. Since then, MoviePass implemented one major change to its structure, that was then rolled back and replaced by a second new set of policies when the first set turned out to be unpopular with subscribers.
MoviePass very likely has a lot of angry shareholders right now, as the company's stock closed at a value of $.05 a share yesterday. The stock has dropped below $1 per share twice in the last couple months, even after a reverse stock split was instituted in order to bolster share value. At this point, MoviePass quite literally isn't worth very much.
Part of this is certainly due to the fact that a significant number of people have canceled the service in recent days, or at least tried to, as some reports have indicated that MoviePass may have "uncancelled" some subscribers. MoviePass instituted a peak pricing policy that charged users a premium for some movies while blacking out others from being accessible via the MoviePass app. While MoviePass' new program removes peak pricing as well as most blackouts, MoviePass' cancellation policy prevents somebody who ends their subscription from reactivating it for nine months, so the people who are gone are going to be gone for a while, even if the policy changes have made the service enticing again.
It seems that everywhere MoviePass turns it runs into more problems, and between the significant operating loss and now a lawsuit, things are continuing to get worse before they have a chance to get better. Whether or not they actually will get better remains to be seen.
What Lucy Liu Thinks Of Elizabeth Banks' Charlies' Angels Reboot Movies August 23, 2018 No Comments Strike a finger-gun pose and kick up Destiny's Child's "Independent Women," because the new Charlie's Angels is happening soon.
'Charlie's Angels': Lucy Liu backs reboot starring Kristen
The first episode of Marvel's What If series for Disney+ will imagine a world where Peggy Carter becomes Captain America and Steve Rogers turns into the original Iron Man. Thanks to popularity of the Marvel Cinematic Universe movies, Marvel Studios has brought many now iconic characters to life on the big screen.
Peggy Carter | Marvel Cinematic Universe Wiki | FANDOM
The studio has already set a December 2022 release date for Aquaman 2, while The Trench remains undated. Safran, however, believes that the smaller-scale spinoff is likely to arrive in theaters sooner than the grander direct sequel. According to the producer: We always, even from the early concept art days, loved the idea of a Trench movie.
Aquaman Spinoff Movie "The Trench" in the Works
The Shocking Line Director Kay Cannon Used To Sell Blockers To The Studios In order to sell Blockers while speaking with numerous studio executives, Cannon opted for a blunt and shocking
The Shocking Line Director Kay Cannon Used To Sell Blockers
celebvida.com/the-shocking-line-director-kay-cannon-used-to-sell-blockers-to-the-studios/
That's what Pitch Perfect trilogy writer Kay Cannon needed to worry about for her directorial debut, Blockers, which follows three parents trying their hardest to […] The Shocking Line Director Kay Cannon Used To Sell Blockers To The Studios - Celeb Vida
Blockers - CINEMABLEND
Bohemian Rhapsody may have almost passed the $1 billion mark at the world box office, but Queen member Brian May says the band hasn't made any money off of the hit Oscar-winning musical biopic.
Brian May: 'Wayne's World' "Bohemian Rhapsody" Scene Hit
Mary Poppins Returns hits theaters today and now all those beloved fans of the original are going to see how the new sequel stacks up. If you ask us here at CinemaBlend, Mary Poppins Returns is one of the rarest things in movies, a sequel that stands up to, and compliments the original, while still being a great movie on its own.
Mary Poppins Returns - cinemablend.com
Ralph Fiennes Doesn't Want Anyone Else Playing Voldemort In Fantastic Beasts-%The Fantastic Beasts franchise, which initially seemed to be just a Wizarding World spinoff, has morphed into something of a Harry Potter prequel, trading
Report Ad
Check Out Prop Star Wars on eBay. Fill Your Cart With Color Today!
The Essentials: Paul Rudd's 7 Best Films. Anchorman: The Legend of Ron Burgundy" (2004) Were I to leave off this now-canonized comedy classic surely the top brass at Playlist HQ would put my
Paul Rudd List of Movies and TV Shows | TV Guide
A new set photo from Shazam! reveals a poster that includes an Easter Egg for the origin of the Joker. Joker Easter Egg Discovered in Shazam Set Photo been some other set photos that
Joker - CINEMABLEND
Neil Armstrong Sons Respond to First Man Controversy: Neil Armstrong because the moment from the 1969 moon landing where Armstrong and fellow astronaut Buzz Aldrin plant the American flag
Neil Armstrong's Sons: What Happened to Mark & Rick? | Heavy.com
Meg Ryan's son Jack Quaid cried when he watched his mom's "When Harry Met Sally" epic orgasm scene for the first time because he was "was so proud of her." The actor said it's "weird" to watch
Meg Ryan, Billy Crystal Reminisce About 'When Harry Met Sally
This brief clip comes from an unknown point in David Yates' Fantastic Beasts: The Crimes of Grindelwald. Much like the first movie, it appears that Newt and Tina are once again being pursued, as the former's face shows on a wanted poster. The duo are likely somewhere they shouldn't be, because Theseus quickly pursues the pair of Wizards.
New Crimes Of Grindelwald Video Shows Newt And His Brother In
as the gods will movie streaming
movie streaming live
what is the best movie streaming app for firestick
top 10 movie streaming sites
online movie streaming
movie streaming apps for iphone
best worst movie 2009 streaming
free online movie streaming
movie streaming mac
go movie streaming
veere di wedding full movie streaming
veronica mars movie streaming
movie streaming terbaik
do you trust this computer movie streaming
where is fargo movie streaming
english movie streaming sites
movie streaming links reddit
krampus movie streaming
movie streaming wordpress theme
what movie should i watch streaming
online bollywood movie streaming
movie streaming online reddit
movie streaming keeps stopping
movie streaming history
airplane movie streaming
movie streaming zgemma
movie streaming sites free
movie streaming with friends
top 10 movie streaming sites 2018
us movie streaming
movie streaming hardwarezone
youtube free movie streaming
best movie streaming service for new releases
movie streaming link
movie streaming rental
heaven can wait movie streaming
movie streaming github
zulu movie streaming
movie streaming no ads
movie streaming membership
will hunting movie streaming
movie streaming hd free
jumanji 2017 full movie streaming
best free movie streaming sites 2019
movie streaming new zealand
dilan 1991 full movie streaming
movie streaming v
nonton movie streaming
movie streaming best
free movie streaming yidio
movie streaming box
movie streaming korea
upgrade movie streaming
movie streaming sites
movie streaming virus
scary movie streaming
is a movie streaming online
movie streaming uk sites
movie streaming us
movie streaming on roku
good will hunting free movie streaming
elf movie streaming netflix
movie streaming europe
munafik 2 full movie streaming
movie streaming apk
the worst movie ever streaming
movie streaming raspberry pi
best worst movie documentary streaming
uri movie streaming
movie streaming vo
the best movie streaming app
best movie streaming sites 2018
movie streaming korean
who will write our history movie streaming
does disney have a movie streaming service
movie streaming thailand
xbox movie streaming
if looks could kill movie streaming
disney movie streaming
best movie streaming service
movie streaming sites new zealand
how movie streaming sites work
movie streaming quality comparison
rabbit movie streaming
unlimited movie streaming
movie streaming market
movie streaming movie 4k
uri movie streaming partner
movie streaming india
pengabdi setan 2017 full movie streaming
the kid who would be king full movie streaming
xbox one movie streaming
movie streaming for android
movie streaming devices
free movie streaming xbox 360
streaming movie keeps freezing
movie streaming api
how does movie streaming work
movie up streaming
free movie streaming yahoo answers
movie streaming apps reddit
movie streaming platforms
what are the best free movie streaming sites
movie streaming cms
the best movie streaming sites
sing movie streaming
movie streaming dates
iron will movie streaming
is the post movie streaming
yellow submarine movie streaming
best movie streaming sites free
does amazon have movie streaming
kl special force full movie streaming
movie streaming xbox 360
where to watch movie streaming
movie streaming news
movie streaming apps for pc
new movie streaming sites
best free movie streaming sites uk
that thing you do full movie streaming
yify movie streaming
online hindi movie streaming
zac efron ted bundy movie streaming
coco full movie streaming
movie streaming us free
who is uri movie streaming partner
best free movie streaming sites
itunes movie streaming quality
new movie streaming
qismat movie streaming
top free movie streaming websites
where is a movie streaming
new movie streaming free
where are the best movie streaming sites
movie streaming legal
movie streaming kanopy
#Filmametitrashqip #blackhistory365 #Qesh #watchobsessed #watchingthesunset #firecrackers #Movies #blacksuccess #blackqueen #watchblogger #watchos4 #americanflag #socialstreaming #FreeMovies #fourthofjuly #blackenterprise #SomosTuConexi #watchnerds #independenceday #watchthemoonrise #fireworks #birdbox #filmlover #watchalert #melanin #watchbrandname #filmyorumu #getsome #murica #watchuswork #4thofjuly #blackbusiness #america #filmizle #blackking #Filma24 #watchpornid #saladetv #watchdose #slay #TvSeries #watchful #watchmvmt #blacktech #watchestyle #watchfamily #sandrabullock #watchphoto #bff #merica #watchtattoo #filmtavsiyesi #netflix #movieaddict #moviesstreaming #watchquiz #blackiflix #putitinreverseterry #holiday #tvroomdesign #watchenthusiasts #melaninmagic #watchswag #watchcrazy
0 comments:
Post a Comment