MoviePass CEO Stacey Spikes said the service may give users buying tickets on the app the option of watching a bucket of commercials in exchange for credits they can cash in for movie tickets.
Spikes – who relaunched the company out of bankruptcy in 2022 – wants to start a beta trial this coming summer. He spoke at SXSW after the premiere of the Muta’Ali directed documentary MoviePass, MovieCrash earlier today.
Spikes co-founded the company, which was then acquired by Ted Farnsworth and Mitch Lowe. They ejected him and ran it into the ground with too-good-to-be-true ticket offers.
Shareholders in MoviePass’ parent Helios + Matheson were wiped out when it filed for Chapter 11. Lowe and Farnsworth have been sued for fraud by the SEC.
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