MoviePass Tops 2 Million Subscribers While Cash Burn Accelerates
The pressure is on for Hollywood disruptor MoviePass.
The startup, which allows customers to watch one film a day in a theater for less than $10 a month, said on Thursday that it has passed 2 million subscribers. But the more members the company adds, the faster it burns cash, and MoviePass has already been warned by its accountants that its long-term viability is in question.