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MoviePass customers’ credit card information was reportedly left exposed in an online database without a password
The server contained full credit card numbers and billing information that could have led to fraud if the database wasn't taken offline.
Here are the business stories you need to read this week, including deep dives on MoviePass, JPMorgan, and Instagram
The movie-ticket-subscription service blew through hundreds of millions of dollars to become relevant and used to questionable business tactics.
MoviePass has temporarily halted its service to resolve ‘technical problems’ in another sign that it’s in danger
The troubled movie-ticket subscription service said it could take several weeks before the service is running again.
4 alternatives to MoviePass to consider if you’re looking for a new movie-theater subscription service
As the future of MoviePass remains in doubt, here are several alternatives for moviegoers to consider.
Regal Cinemas, the second-largest movie chain in the country, will reportedly be launching an unlimited movie-ticket subscription plan by end of July.
MoviePass' parent company, Helios and Matheson Analytics, reported a loss of over $266 million last year in its annual filing to the SEC.
The MoviePass rival Sinemia filed for bankruptcy and said it was shutting down US operations. It also said it was under investigation by the FTC.
MoviePass competitor Sinemia has shut down in the US, the company said on Thursday.
MoviePass has dropped from over 3 million subscribers to about 225,000, according to leaked internal data
Internal data shows that MoviePass has lost millions of subscribers and has signed on only about 13,000 under its new "Uncapped" plan.