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Stock impact report

Why MoviePass Will Not Only Survive But Also Thrive [Seeking Alpha]

Cinemark Holdings Inc Cinemark Holdings, Inc. (CNK) 
Last cinemark holdings inc cinemark holdings, inc. earnings: 2/21 06:15 am Check Earnings Report
Company Research Source: Seeking Alpha
Summary MoviePass is about to fail. At least, that is what it looks like as every day, seemingly another problem hits this battered company. Its numerous financial problems have been well documented as well, with its owner Helios and Matheson ( HMNY ) continuously burning through more and more cash each and every quarter. In its most recent filing , the company's operating loss expanded once again to over $126 million compared to $107 million in the quarter prior. It has also gone through numerous counts of bad publicity, including service outages and re-opening of cancelled accounts that have made the company look desperate and clinging on to survival. All of this contributes to a gloomy picture showing a company destined to fail from the beginning. But is it really? August 15 was the one year anniversary of MoviePass's decision to lower prices from up to $50 a month to $9.95, and the day marked another day of drastic changes. A screenshot of the new plan can be found Show less Read more
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