MoviePass Owner Collapses Into Liquidation, Leaders Quit (1)

The owner of MoviePass, which promised theater-goers unlimited admission for $9.95 a month, collapsed into bankruptcy and said it will liquidate.

The chaos that often surrounded the defunct subscription service followed it into bankruptcy court, with papers filed by parent Helios & Matheson Analytics Inc. in Manhattan giving wildly conflicting figures about what it owns and owes. A separate regulatory filing showed the interim chief executive, interim chief financial officer and its remaining board members have all quit.

On top of that, the company is facing probes by the Federal Trade Commission, the U.S. Securities and Exchange Commission, New York’s ...