New York-based MoviePass, which offers one movie ticket a day to customers who use its red credit cards, has soared in popularity since it dropped its monthly fee to $9.95 last August. But AMC, the world's largest cinema operator, blasted the new pricing, saying the startup's model was unsustainable and could do long-term harm to the film industry. It also threatened legal action to block the service from its theaters.

Source: Los Angeles Times January 26, 2018 20:26 UTC