From AMC Theaters via CNN(CNN) - MoviePass, once a revolutionary ticketing service, is temporarily shutting down on Saturday and it's unclear if it will return. Helios and Matheson, the parent company of the service, which offered theatergoers the ability to see one movie day for a fee of $10 a month, announced that it would be interrupting the service on Saturday. Helios and Matheson's efforts to recapitalize MoviePass have "not been successful to date," the company said in a press release on Friday. "The Company is unable to predict if or when the MoviePass service will continue," Helios and Matheson said in a statement on Friday. This is a developing story...The-CNN-Wire & 2019 Cable News Network, Inc., a Time Warner Company.

From AMC Theaters via CNNMoviePass is going dark while it sorts out some changes to its app. The movie theater subscription service enables customers to see select movies in theaters based on a monthly fee. In a letter to subscribers, MoviePass also said it hopes to "recapitalize" and would continue efforts to cut costs. The company says it'll credit customers for the days affected and won't bring on any new subscribers while the service is down. The-CNN-Wire & 2019 Cable News Network, Inc., a Time Warner Company.