SALT LAKE CITY — Leaked internal data from MoviePass shows that the subscription service once had more than 3 million subscribers.
It now has 225,000, according to Business Insider.
The drop in subscribers is another sign that MoviePass has gone downhill since it became a viral darling back in the summer of 2017. The subscription service catapulted to viral fame after it offered a plan of $10 per month for unlimited films.
MoviePass reached 3 million subscribers by June 2018.Comment on this story
“But the startup struggled to control its cash burn, which reached into the hundreds of millions of dollars,” according to Business Insider.
Yes, but: The movie subscription plan is still a working model. AMC Theaters and Cinemark both launched their own plans. And Sinemia, which was seen as an earlier competitor to MoviePass, is still kicking as well.