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MoviePass is experiencing ‘technical’ difficulties again, days after it ran out of money and had to borrow $5 million in cash | Markets Insider

According to the filing, Helios and Matheson borrowed the money from Hudson Bay Capital Management. The total demand note was for $6.2 million, “which includes $5.0 million in cash borrowed by the Company from the Holder and $1.2 million of original issue discount,” it said.

On Saturday night, after similar complaints of the app and cards not working, MoviePass said in a tweet that it is  “working towards a fix on this technical issue. In the meantime, all e-ticketing remains fully functional.”

This has users worried considering what happened at the end of the week, and that the service is applying its newly introduced peak pricing to empty showings and films like “Ocean’s 8,” that have been in theaters for weeks.

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MoviePass is experiencing ‘technical’ difficulties again, days after it ran out of money and had to borrow $5 million in cash | Markets Insider.