MoviePass is deader than ever as parent company officially goes bankrupt
Photo by Vjeran Pavic / The Verge
In case you thought the MoviePass saga would remain a smoldering heap of yesterday’s news from here on out, guess again. Helios and Matheson Analytics, the theater subscription service’s parent company, has at last filed for bankruptcy, according to The Wrap. While that may sound like it signals the complete end of all things MoviePass, there’s one interesting wrinkle: the company may owe subscribers a total of more than $1.2 million.
“As a result of filing the Petition, a Chapter 7 trustee will be appointed by the Bankruptcy Court to administer the estate of the Company and to perform the duties set forth in Section 704 of the Code,” reads a filing with the US Securities and Exchange Commission. That means MoviePass’ assets will all…