Blockchain Company Takes Equity Position in MoviePass
Sui Foundation, the smart contract platform and Layer 1 blockchain, today announced a partnership with MoviePass at Token2049 in Singapore. Sui Foundation is also taking an equity stake in MoviePass as part of the agreement. MoviePass says it is the leading movie subscription platform focused currently on the US market, and recently featured in the HBO documentary MoviePass, MovieCrash. MoviePass relaunched in 2023 and says it achieved profitability that same year.