Todd Spangler NY Digital EditorMoviePass, which burned through hundreds of millions of dollars before shutting down amid lawsuits and an FTC complaint, may be getting a second act.Stacy Spikes, one of the co-founders of the theater-subscription company that shut down in 2019, has acquired the assets of MoviePass in a bankruptcy proceeding.
And he says he’s looking to relaunch the MoviePass service with new financial backers.“I can confirm that we acquired MoviePass out of bankruptcy on Wednesday,” Spikes said in a statement to Insider, which first reported the news. “We are thrilled to have it back and are exploring the possibility of relaunching soon.
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