This is the sad state of VC funding in this day and age.

I can’t help but wonder if movie theaters could have exploited a similar loophole with MoviePass before they went bankrupt. Something like this:

1. Movie theaters buy up MoviePass subscriptions

2. They use those subscriptions to pick different movies to see every day at their location

If they picked 30 movies a month that would be approximately $450 a month in revenue (at $15/ticket), $440 of which would have been pure profit.