MoviePass’ CEO claims ‘very big media companies’ have offered to acquire the service — ‘you would recognize them’
|08/08/2018||Posted by BusinessMediaguide.Com under General World News||
- 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.