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Lending $5 million to MoviePass at this point is probably as close as you can get to literally throwing your cash on a burning heap. Must be some term sheet!
by code4tee 8y ago
Lending $5 million to MoviePass at this point is probably as close as you can get to literally throwing your cash on a burning heap. Must be some term sheet!
- izzydata 8y agoPerhaps they are secretly working for major movie theater companies like AMC. The trick is to get more people to go back to movie theaters and then when they can no longer use their movie pass service they will still want to go to the movies.
- jessaustin 8y agoYou could imagine a big theater chain buying MP in a fire sale. If they pay $6M and the lender gets all of it, that's a pretty good deal for the lender.