MoviePass Rises from the Grave to Charge Former Users’ Credit Cards
MoviePass's problems continue, even though the service is no longer in use. The movie ticket subscription service, after months of financial hardship and proven customers, officially shut down in September. However, several former subscribers recently reported suspicious charges on their accounts following the closing of MoviePass, raising new questions about the company's business practices.
According to a new report, several former subscribers reported MoviePass debits credit cards after the service closes Sept. 14. One user in Chicago claims to have noticed charges of $ 9.95 and another of $ 5.64. Chief Executive Officer Mitch Lowe said in a statement that the information was false and downplayed any problematic practice on their part as an isolated incident. Here's what Lowe had to say about it.
"One subscriber, out of several thousand subscribers to MoviePass, has been billed $ 9.95 on September 15 and has seen this amount refunded. We are aware that some of our subscribers were mistaken in the refunds appearing on their credit card statements. "
MoviePass caused a sensation in 2017 by announcing that it would offer unlimited video output for 9.95 $ per month. Users could watch a movie a day, with few restrictions, at least the theater of their choice, all for an extremely low price, since the average price of a single movie ticket in the US is just lower than the company billed each month. Naturally, many industry players were wondering how this would be a viable business model, but it did not concern moviegoers, subscribers being connected in droves.
Unfortunately for the parent company of MoviePass, Helios and Matheson, this led them to waste money because the company was paying full price for each movie ticket. This led to rapid changes in terms and conditions, which frustrated subscribers. After a series of stops and problems, the service was finally suspended permanently. However, other services have appeared since, like Regal Unlimited, the ABM Stubbs A-List, the Alamo Drafthouse season pass. A good idea is a good idea and theaters have found a way to make the MoviePass business model work on their own terms. ]
MoviePass is facing a new wave of lawsuits filed recently by Oasis Ventures Entertainment, which is suing the company for the FilmPass Films training. Producers Randall Emmett and George Furla were working with MoviePass on the company, but Oasis had reached a pre-existing deal with them, which they allegedly raped. Surprisingly, the former CEO of Helios and Matheson, Ted Farnsworth, who recently resigned from his post, given the problems the company faced under his leadership, would have tried to buy MoviePass now . So who knows? This saga may not be good and really finished for the moment. The New York Post had already reported this news.