The parent company of MoviePass, Helios and Matheson have reported a loss of $126.6 million for their third quarter, which ended June 30, according to Deadline.
Shareholders have also filed a class action lawsuit to be compensated for the drop in stock that began last month, as MoviePass’ stock fell below $1 per share following outages during the premiere of Mission Impossible: Fallout, which later led to the public news of MoviePass running out of money.
Source: IGN.com MoviePass Causes 6 Million Loss For Parent Company, Shareholders File Lawsuit