The parent company of the movie-ticket subscription service is looking for a sale of MoviePass, Moviefone, and MoviePass Films.
MoviePass will shut down Saturday, September 14, its parent company Helios and Matheson Analytics announced Friday.
MoviePass surged in popularity in 2017 after Helios and Matheson bought the service and drastically lowered the price. But it burned through hundreds of millions of dollars and failed to find a business model that didn't lead to massive losses. In February, Helios and Matheson was delisted from the Nasdaq composite after trading below $1 for months.
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