VIDEO : Is MoviePass A Failure?

Analysts feel MoviePass might be on its last legs.
Industry insiders predicted the fall of the the movie ticket buying app long ago.
The company introduced a $9.99 a month unlimited pass, allowing users to watch one film a day.
However, the company grew too fast and theaters did not want to work with them.
The business model relied on theaters making financial partnerships with MoviePass.
Screen Rant reports that the company is close to shutting down for good.