In breaking news, MoviePass co-founder Stacy Spikes purchased ownership of the beleaguered brand for an undisclosed sum.
The transaction follows one of the more spectacular tech flameouts in recent memory. The service was plagued by ever-changing price tiers, blowback from the country’s biggest theater chain and major issues with its app.
Spikes tells TechCrunch that he was fired from the service he helped launch in 2018, after voicing concern over the price of its $10/month subscription service. It was one of a number of factors under the leadership of Helios and Matheson that ultimately led to the company’s protracted undoing.
This April, Spikes announced the launch of PreShow Interactive, which we described as, “a new way [for gamers to] earn in-game currency in exchange for watching ads.” In a conversation with TechCrunch, Spikes says that PreShow may live on in a different form, as part of a revamped MoviePass set to launch at some point next year.
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