Sinemia, MoviePass Competitor, Closed ‘Effective Immediately’

The film ticket service Sinemia by no means acquired the cultural cachet — or infamy — of MoviePass. Indeed, within the final yr, the corporate provided itself as a much less buggy (however nonetheless buggy) various to its flailing competitor. But now it appears it’s going to by no means have the prospect to turn into greater, or worse, than MoviePass. As per IndieWire, Sinemia is closing its doorways, “effective immediately.”

The information was broke on a observe discovered on the corporate’s web site. “While we are proud to have created a best in market service,” the assertion learn, “our efforts to cover the cost of unexpected legal proceedings and raise the funds required to continue operations have not been sufficient.”

One issue that led to Sinemia’s downfall: theater chains beginning their very own MoviePass-like subscriptions. “[W]e didn’t see a path to sustainability as an independent movie ticket subscription service in the face of competition from movie theaters as they build their own subscriptions. Thanks to the cost advantage and cross-sell opportunities, movie theaters will be prominent in the movie ticket subscription economy.”