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.
Honestly, after hearing that explanation, a Taika Waititi Thor wouldn't really work facing Thanos. Sure, it would be funny, but ultimately, it would turn this massive film into a bit of a joke. And judging by the footage seen, while there are jokes, 'Infinity War' is definitely going for a more serious vibe than 'Ragnarok.'
THOR: RAGNAROK | Funny Behind The Scenes Moments with Taika
Marvel's Robert Downey Jr. Is Prepping Us For Avengers
After the success of Wonder Woman, rumors of Marvel Studios planning to build their own female superhero franchise started making rounds. The rumors got strength in October last year when actress Tessa Thompson revealed she had pitched an all-female franchise idea to MCU boss Kevin Feige. but now, Elizabeth Olsen has stepped forward to set the […]
Marvel's All-Female Superhero Team-Up May Not Come Anytime
That might be about to change - a feature film based on the books is coming out soon, produced by LOTR director and Engines super-fan Peter Jackson, but which Mortal Engines book is the movie
Mortal Engines book to movie - Wottaread
6 Things We Want To See In The First X-Men: Dark Phoenix Trailer
The Conjuring franchise continues to show strong legs at the box office with the release of The Nun this week. As of reporting this, The Nun has already raked in $5.4M in Thursday night previews
'The Nun' To Fly To $40M+, Eyes Record Opening For 'Conjuring
Shazam! Director Points Out A Joker Easter Egg Some Fans Missed 'Shazam!' Director Gives 'Justice League' Villain Poster Treatment 'Shazam!' Director Jokes About Marvel References Being Added To Reshoots 'Shazam!' Director Responds To Fan's Death Threat For Putting Humor In The DC Film 'Shazam!' Director Trolls Fan Asking
Joker Easter Egg Discovered in Shazam Set Photo
Nia Long Has Some Blunt Thoughts About Women's Pay In Hollywood Manchester City agree to £65m per year kit deal with Puma Priyanka Chopra Wears Black High Leg Slit Dress at Cannes Film Festival Premiere of 'Rocketman'
Actress Nia Long on 'NCIS: Los Angeles,' Movie Roles - Variety
Home/Entertainment News/ The Conjuring 3 Has Started Production, See The Warrens' Photo Entertainment News The Conjuring 3 Has Started Production, See The Warrens' Photo
The Conjuring 3 Has Started Production, See The Warrens
Zack Snyder Confirms Yet Another Darkseid Reference In
Just remember, I'm not reviewing these movies, but rather predicting where they'll end up on the Tomatometer. It's also worth pointing out up top that This Rotten Week isn't affected by the recent changes made at Rotten Tomatoes, which reportedly weren't made in connection with Captain Marvel.
CryptoCoinBubble | This Rotten Week: Predicting Captain
That's the case with Mark Hamill of "Star Wars" fame, who shared on Wednesday that he owns a "rejected prototype" of Chewbacca's mask that, if sold at auction, would no doubt fetch a
Mark Hamill Reveals Why One Chewbacca Prototype Mask Wasn't
Nightmare On Elm Street Reboot Article:
Michael Carlyle Hall (born February 1, 1971) is an American actor. He is best known for his roles as Dexter Morgan, a serial killer and blood spatter analyst in the Showtime series Dexter and as David Fisher in the HBO drama series Six Feet Under.
Chris Rock and Adam Sandler play hilariously passive aggressive fathers of a soon-to-be-married couple in the new trailer for Netflix original movie, The Week Of. The Robert Smigel-directed comedy
'The Week Of': Soundtrack, Review Scores & Full Cast List
xbox one movie streaming sites 2017
online movie streaming sites
free movie streaming apps
movie streaming list
what is movie streaming online
movie streaming networks
nonton movie streaming
movie streaming virus
vibes movie streaming
hindi movie streaming sites
will you be there movie streaming
movie streaming roku
movie streaming free trial
movie streaming search
pinoy movie streaming
equalizer 2 full movie streaming
nonton dilan 1990 full movie streaming
online movie streaming app
movie queen streaming
movie streaming new zealand
where can i find a movie streaming
streaming movie tiger zinda hai
top online movie streaming sites
xbox one movie streaming
top 10 movie streaming sites 2018
movie streaming quora
does disney have a movie streaming service
x deal full movie streaming
movie streaming nz
movie streaming yify
movie streaming vo
munafik 2 full movie streaming
movie streaming australia
malay movie streaming
xfinity movie streaming
movie streaming sites uk
the best movie streaming service
what we do in the shadows movie streaming
where are the best movie streaming sites
ex libris movie streaming
must be love movie streaming
online bollywood movie streaming
dilan 1990 full movie streaming
movie streaming uk
free movie streaming without sign up
movie streaming korean
best worst movie documentary streaming
marvel movie streaming
worst witch movie streaming
one two jaga full movie streaming
movie streaming websites 2019
cold war movie streaming
free streaming movie zootopia
do the right thing movie streaming
movie streaming app ios
movie streaming korea
veronica mars movie streaming
movie streaming keeps buffering
movie streaming reviews
scary movie streaming
streaming movie kingsman
movie streaming terbaik
everyday movie streaming
movie streaming tagalog
john wick full movie streaming
free movie streaming sites
movie streaming on xbox one
solarmovie streaming
elf movie streaming netflix
best movie streaming xbox one
movie streaming quality
us movie streaming free
i can only imagine free movie streaming
free movie streaming yidio
free movie streaming xbox 360
amazon movie streaming
john wick 2 full movie streaming
movie streaming pc
xbox one movie streaming sites 2019
vice movie streaming reddit
#watchluxus #watchenthusiasts #getsome #blacksocialmedia #Qesh #HostalCASAMXalameda #watchnerds #moviesstreaming #watchos4 #watchpornid #Filmametitrashqip #hostales #blackqueen #netflix #putitinreverseterry #blavity #watchswag #WatchRoss #filmography #blacksuccess #watchquiz #watchwomen #Zgerdhiu #watchmaniac #america #watchalert #Seriale #WatchUsRise #filmizle #murica #watchmovies #blackbusiness #socialstreaming #watchmvmt #blackhistory365 #watchtattoo #blackking #blacktech #Movies #sandrabullock #FreeMovies #watchphoto #melaninmagic #Serialemetitrashqip #filmyorumu #blackiflix #WatchMovies #movietime #filmlover #watchthemoonrise #watchcrazy #CASAMXhostales #WatchJunkie #Filma #independenceday
0 comments:
Post a Comment