Movie chain’s $ 15 million claim survives in MoviePass Ch. 7

By Vince Sullivan (September 27, 2021, 6:58 p.m. EDT) – A New York bankruptcy judge has ruled that the subscription service’s $ 15.5 million claim for breach of contract MoviePass bankrupt movie ticket is permitted in Chapter 7 cases of the business. because it approaches the real losses suffered by the chain.

In an opinion on Friday, U.S. bankruptcy judge David S. Jones said MoviePass had failed to honor a contract with Landmark Theaters to provide discounted tickets to subscribers for films presented by Landmark, and that Landmark claimed 15 , $ 5 million for losses resulting from breach of contract is valid.

“By the time the deal was negotiated and finalized, the …

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