Home / Business / MoviePass said a $300 million lifeline could sustain it for over a year, but that money could slip through its fingers

MoviePass said a $300 million lifeline could sustain it for over a year, but that money could slip through its fingers

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MoviePass has said repeatedly that it’s not worried about losses of over $20 million per month because it has a $300 million “equity line of credit” that could sustain it for over a year, but financial experts cast doubt on the chances of the service and its parent company, Helios and Matheson.
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