MoviePass
EntertainmentUSAClosed 2020
Total Raised
Undisclosed
Peak Valuation
Undisclosed
Employees
—
Year Collapsed
2020
Business model
Subscription flat-fee unlimited movie theater ticket access.
In brief
Offered a subscription letting members see a movie a day in theaters for a low flat fee, subsidizing the gap by buying full-price tickets. The unit economics were unsustainable at scale, and after burning through hundreds of millions of dollars, parent company Helios and Matheson…
See the What Happened tab for the full account.
Key facts
- Founded
- 2011
- Closed
- 2020
- Headquarters
- New York, USA
- Industry
- Entertainment
- Employees
- —
- Revenue
- Undisclosed
- Founders
- Stacy Spikes, Hamet Watt
Related failures
Argo AI
2016–2022Autonomous Vehicles · USA
Ran out of funding$3.60BBird
2017–2023Mobility · USA
Ran out of funding$1BConvoy
2015–2023Logistics / Freight · USA
Ran out of funding$1BProteus Digital Health
2001–2020Digital Health · USA
Ran out of funding$487MHyperloop One
2014–2023Transport · USA
Ran out of funding$450MPear Therapeutics
2013–2023Digital Health · USA
Ran out of funding$450M
Often compared with: AMC Stubs A-List, Cinemark Movie Club, Regal Unlimited.