MoviePass Just Made It Harder-Again-to See Movies

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MoviePass's latest change is another downer. The lineups will supposedly feature a mixture of major studio blockbusters and independent releases.

That's on the heels of its change to limit MoviePass customers to only three movies per month for $9.95, effective August 15 - a dramatic drop-off from the movie-per-day that the service previously offered users.

Now unavailable through MoviePass for the next 10 days: Tom Cruise's "Mission: Impossible - Fallout". Any further tickets bought through the service will get a $2-5 discount.

The new restrictions come as MoviePass has been struggling to pay the bills.

Earlier this week, Helios and Matheson reported a second-quarter operating loss of $126.6 million.

Roger Federer challenges Novak Djokovic and Rafael Nadal ahead of US Open
Then, obviously, I hurt my elbow. "You've got to keep it all in perspective, it's easier now for me to take time away. Weekend Toronto finalist Stefanos Tsitsipas exhausted late in a 7-5, 6-3 loss to Belgian 11th seed David Goffin .

To turn the business around, the subscription service has been embarking on cost-cutting measures.

In an email to customers, CEO Mitch Lowe said MoviePass will offer up to six films a day to choose from.

Beyond restricting users to just half a dozen or so movies every day, Lowe also warns that showtime availability for that tiny selection of movies may be limited depending on their popularity. The company is going to release a schedule each week so people can plan ahead and figure out what days each movie is available.

The parent company of embattled subscription movie ticket service MoviePass faces a pair of class-action lawsuits from shareholders alleging the company misled them about its financial prospects. For MoviePass subscribers who haven't abandoned their membership, this means they either have to wait for the specific day that MoviePass offers their desired movie (if it's even available) or they must watch whatever the company is offering on the day they go to the theater. In a statement, MoviePass said the problems with the cancellation process were the result of technical bugs, which it said it had fixed Tuesday.



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