MoviePass Attempts To Increase Profitability By No Longer Mailing Out Free $500 A Month To Subscribers
NEW YORK-Admitting that this week's devastating quarterly earnings report necessitated tough decisions on the part of the company, MoviePass CEO Mitch Lowe announced plans Thursday to increase profitability by no longer mailing out $500 checks to subscribers every month. "While this decision is sure to be unpopular"