MoviePass' Parent Company Files For Chapter 7 Bankruptcy

MoviePass and Helios and Matheson Analytics filed for Chapter 7. MoviePass had announced its indefinite shutdown due to financial and technical issues. The service offered a movie ticket daily for under $10, gaining popularity but causing financial strain. Some theaters stopped accepting MoviePass, creating their own services. MoviePass limited subscribers to three movies a month, which was unpopular. Helios and Matheson did not comment.

What type of bankruptcy protection did MoviePass and Helios and Matheson Analytics file for?

• Chapter 13

• Chapter 7

• Chapter 11

• Chapter 9

What were the main issues that led to MoviePass's shutdown?

• Financial and technical issues

• Legal and regulatory issues

• Marketing and branding issues

• Customer service issues

How many movies per month did MoviePass limit its subscribers to after facing financial pressure?

• Two movies

• One movie

• Three movies

• Four movies

What was the initial offering of MoviePass's subscription service?

• One movie ticket every day

• One movie ticket per week

• Unlimited movie tickets

• Two movie tickets per month

Why did some movie theaters stop accepting MoviePass?

• Due to technical issues

• Due to financial pressure

• Due to customer complaints

• Due to legal restrictions