<br /> According to the Wrap, MoviePass is on the fast track to oblivion.<br />The moviegoing subscription service may soon be spun off from its parent company.<br />This would leave it to operate as a new publicly-traded subsidiary.<br />Helios and Matheson recently announced plans to spin off the subscription service.<br />They announced plans for a vertically integrated film production, marketing and exhibition company.<br />But insiders believe the move would simply accelerate MoviePass’s decline. <br />
