Tag Archives: Closure

MoviePass Shutting Down, Parent Company ‘Unable To Predict If Or When…Service Will Continue’

[Helios and Matheson Analytics] today said that it formed a strategic review committee comprised of independent directors, to identify, review and explore all strategic and financial alternatives for the Company, including a sale of the Company in its entirety, a sale of substantially all of the Company’s assets including MoviePass, Moviefone and MoviePass Films. Today, MoviePass notified its subscribers that “it would be interrupting the MoviePass service” effective Sept. 14 to because its efforts to recapitalize MoviePass have not been successful to date. – Anthony D’Alessandro, Deadline Hollywood » http://dlvr.it/RD3T7H

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With no options left, streaming TV startup Aereo closes shop

Aereo is dismantling a major office and laying off most of its workers as it becomes increasingly clear the broadcasting industry’s legal victories over the Boston- and Brooklyn-bred startup will last. […] Spokeswoman Virginia Lam told Betabeat the company is not closing entirely, though. “In an effort to reduce costs, we made the difficult decision to lay off some of our staff in Boston and New York,” she said in a statement. “We are continuing to conserve resources while we chart our path forward. We are grateful to our employees for their loyalty, hard work and dedication. This was a difficult, but necessary step in order to preserve the company.” – Ben Fischer,New York Business Journal 
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Redbox Instant’s streaming video service shuts down on October 7th

If you thought that Redbox Instant would have trouble competing against a streaming video behemoth like Netflix, you were right. The Verizon-backed service is telling customers that Instant will shut down just before midnight on October 7th, roughly a year and a half after it got off the ground. Should you be a customer, you’ll get a notice about any relevant refunds on October 10th. – Jon Fingas,Engadget
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