Home » General World News » MoviePass’ CEO claims ‘very big media companies’ have offered to acquire the service — ‘you would recognize them’

MoviePass’ CEO claims ‘very big media companies’ have offered to acquire the service — ‘you would recognize them’





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  • MoviePass CEO Mitch Lowe told Cheddar he’d received many offers from “very big media companies” to acquire MoviePass.
  • He wouldn’t say which companies, only that people “would recognize them.”
  • He also said the company would be profitable in 6-9 months, and that its cash burn had been reduced by 60%.

After a week that has given MoviePass subscribers whiplash and provoked confusion about the company’s future, CEO Mitch Lowe seems optimistic about the months ahead — at least to the media.

This week, MoviePass announced significant changes, and rollbacks to previous controversial changes. The big news was that the movie-theater read more >>>

Source:: BusinessInsider.Com

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