[MoviePass] is strapped for cash and has introduced a series of measures that it hopes will keep itself solvent. They include jacking up the prices from $9.99 to $14.95 per month over the next 30 days, as well as limiting access to nearly all Hollywood blockbusters within their first two weeks of release. The company’s parent company, Helios & Matheson - HMNY, said these steps will reduce its cash burn rate by 60%. - Brent Lang, Variety [via/web:http://streaming-tv.us]
No comments:
Post a Comment