tennisluvr Posted July 27, 2018 Report Posted July 27, 2018 MoviePass couldn't afford to pay for movie tickets on Thursday https://money.cnn.com/2018/07/27/media/moviepass-service-outage/index.html Quote
tennisluvr Posted July 27, 2018 Author Report Posted July 27, 2018 MoviePass is on life support. Helios and Matheson, the parent company of the popular movie subscription service, said that it had a service outage on Thursday because it couldn't afford to pay for movie tickets. The company borrowed $5 million in cash Friday to pay its merchant and fulfillment processors, according to a regulatory filing. Helios and Matheson missed a payment to one of its fulfillment processors, and that contractor temporarily refused to process payments for MoviePass. Some customers complained on social media Thursday that they couldn't use their MoviePass accounts to purchase movie tickets at theaters. The company hasn't said whether MoviePass has resumed operation. But in a tweet late Thursday, MoviePass said that it recommended that users wait for a resolution or use e-ticketing, which it said had not been affected. Stock in Helios and Matheson, meanwhile, tanked Friday from nearly $7 at market open to $3.58 by mid-morning. The company approved a reverse stock split earlier this week to boost the price from 8 cents to $21 in an effort to keep it from falling off the Nasdaq stock exchange. The price has been in freefall ever since. If valued at its pre-split amount, Friday's price would be equivalent to about 1.5 cents. Quote
tennisluvr Posted July 27, 2018 Author Report Posted July 27, 2018 I brought a ticket for MI6 yesterday for the US premiere show, I was however only able to do it since it was an e-ticket booking which wasn't apparently affected. Quote
Deadp0ol2 Posted July 27, 2018 Report Posted July 27, 2018 1 minute ago, Ram8 said: ante enti inka moviepass work avada nuvvu appu iste moviepass open chestaadanta Quote
tennisluvr Posted July 27, 2018 Author Report Posted July 27, 2018 2 minutes ago, Ram8 said: ante enti inka moviepass work avada Temporarily it will, but $5M is nothing man. They will run out of it very soon. Quote
Ram8 Posted July 27, 2018 Report Posted July 27, 2018 1 minute ago, Deadp0ol2 said: nuvvu appu iste moviepass open chestaadanta Just now, tennisluvr said: Temporarily it will, but $5M is nothing man. They will run out of it very soon. sad man.. hope it comes back.. inka 6 months membership undhi naku :| Quote
tennisluvr Posted July 27, 2018 Author Report Posted July 27, 2018 Just now, Ram8 said: sad man.. hope it comes back.. inka 6 months membership undhi naku :| That's why I did month to month Quote
Deadp0ol2 Posted July 27, 2018 Report Posted July 27, 2018 Just now, Ram8 said: sad man.. hope it comes back.. inka 6 months membership undhi naku :| Lol, nuvve mothukuntaa unte ...stock konnola parisititi endi Quote
Ram8 Posted July 27, 2018 Report Posted July 27, 2018 1 minute ago, tennisluvr said: That's why I did month to month sachinodi felliki ochinde katnam inka.. em sesta Quote
Ram8 Posted July 27, 2018 Report Posted July 27, 2018 1 minute ago, Deadp0ol2 said: Lol, nuvve mothukuntaa unte ...stock konnola parisititi endi fafam Quote
Luke Posted July 27, 2018 Report Posted July 27, 2018 2 minutes ago, Deadp0ol2 said: Lol, nuvve mothukuntaa unte ...stock konnola parisititi endi 4k bokka Quote
AlaElaAlaEla Posted July 27, 2018 Report Posted July 27, 2018 3 minutes ago, Luke said: 4k bokka lite Quote
Deadp0ol2 Posted July 27, 2018 Report Posted July 27, 2018 9 minutes ago, Luke said: 4k bokka k Quote
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.