The corpse of MoviePass — the cinema subscription service that flamed out last year after running out of cash — could be yours for as low as $250,000. The court overseeing the sale of M…
, creator and producer of syndicated daytime entertainment show “Made in Hollywood.”
It’s unclear who would want to buy the remains of MoviePass at any price, never mind the fact that thousands of movie theaters across the U.S. remain closed during COVID-19 and moviegoing is likely to see a very slow return to previous levels.
Also included in the MoviePass sale are ownership rights to the defunct service’s trademarks plus a trio of patents: U.S. Patent Nos. 8,484,133 B1 ; 8,612,325 B2 ; and 9,135,578 B2 “Secure Targeted Personal Buying/Selling Method and System”). Bids for the MoviePass assets must be submitted by 5 p.m. ET on June 18, 2020, to the bankruptcy trustee’s financial advisor, Miami-based investment banking firm Cassel Salpeter & Co , as well as to Alan Nisselson, a partner at New York law firm Windels Marx who is serving as the bankruptcy trustee for Helios and Matheson.
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