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MoviePass announces shutdown of services from September 14

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One of the biggest startups, that was aiming to disrupt the film industry, has announced that it will close down. Talking about disruption in the film industry, we mean in a good way. That’s because MoviePass is a subscription service which lets you watch as many movies as you want and that too in theatres for a monthly subscription. Now, the service seemed too good to be true but we know that they tried their best to make it work. However, the service has been shut which shows that it did not work out the way they had planned.

Talking about MoviePass, we know that funds was not the problem because they raised a huge round of investment last year with its parent company. However, the main problem seems to be that not enough people wanted to buy MoviePass’s subscription. One of the main ways in which any subscription service, that offers more services at fewer prices, makes money is if more and more people join them. In the case of MoviePass, this did not happen so the company had to then increase the price of their subscription from what they first announced.

Increasing the prices also did not work out so MoviePass decided to change the business plan. Later, MoviePass also shutdown temporarily which might be in order to rethink their strategy and make the service work. But we can now confirm that the service is officially dead effective immediately. MoviePass is notifying its customers that the service will not work from September 14 which is from tomorrow. According to MoviePass, this decision has been taken as “its efforts to recapitalize MoviePass™ have not been successful to date.” and the company says that they are looking at “all strategic and financial alternatives,” including a sale of the company and all of its assets

Dan is a software developer with experience in designing, development, and delivery of Android apps. His key skills include knowledge of Core Java, JSON & XML Parsing. He's also a keyboardist. So, either you’ll find him at her desk busy in building mobile apps or at a composing music in his home studio. He contributes his ideas on tech at PressReels as an author. You can contact him at Danreels@gmail.com

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Death after unmasked arrest – Mexico Floyd

The official reason for the arrest revealed by the police is not known, but the video footage posted on social media at the time of the arrest suggests that the reason is “not wearing a mask.”

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Amid a stir across the U.S. over the “George Floyd” incident that killed white police abuses, similar cases of abuse of public power have been revealed in Mexico, sparking public outrage.

The daily El Universal has been protesting against the incident since it was belatedly revealed that construction worker Giovanni Lopez died the next day after being arrested by police in Guadalajara, western Mexico, on April 4.

The official reason for the arrest revealed by the police is not known, but the video footage posted on social media at the time of the arrest suggests that the reason is “not wearing a mask.”

Death of George Floyd

On May 25, 2020, George Floyd, a 46-year-old black man, died in Minneapolis, Minnesota, after Derek Chauvin, a white police officer, knelt on Floyd’s neck for almost nine minutes while Floyd was handcuffed face down in the street

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Nobel Prize Honjo, a professor at Kyoto University – 22.6 billion yen in legal battles

Professor Honjo plans to file a lawsuit against Ono Pharmaceutical Industry to increase the distribution ratio of patent fees in 2006.

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Dasuku Honjo, a professor at Kyoto University who won the 2018 Nobel Prize in Physiology and Medicine, will fight a 250 billion won legal battle with a Japanese pharmaceutical company that makes and sells cancer treatments that reflect his research results.

Professor Honjo plans to file a lawsuit against Ono Pharmaceutical Industry to increase the distribution ratio of patent fees in 2006.

Ono Pharmaceutical Industry Co., which reportedly proposed a donation of up to 30 billion yen to Kyoto University as a compromise last year, responded to Professor Honjo’s press conference by saying, “We cannot comment because we do not understand the contents,” Kyodo News reported.

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RESSREELS provides that chart based on official data on the Billboard chart (Source: Billboard HOT 100)

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RESSREELS provides that chart based on official data on the Billboard chart (Source: Billboard Artist 100)

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