MoviePass's parent company is running low on cash and its stock price has hit new lows.
So what's it doing to survive? According to Gizmodo, it's screaming "YOLO!"
It's buying a prolific production company and launching its own movie studio.
Helios & Matheson will acquire Emmett Furla Oasis Films with an unspecified amount of cash and stock.
The two companies have also formed a new production studio called MoviePass Films LLC.