MoviePass stock is 19 cents, but the boss says everything is fine
ABC News 10 -

MoviePass' boss has a few words for his doubters: Don't worry. Everything is fine.

Helios and Matheson, the parent company behind the popular movie subscription service, has seen better days. Its stock has fallen 99% to as low as 17 cents per share from nearly $39 last October. That was just after MoviePass announced it was cutting its price to $10 per month.

MoviePass recently announced that it has 3 million subscribers. But the cost has also caused analysts to wonder just how sustainable the...


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