MoviePass Launches New One Year Movie Theater Subscription Plan
By: Caryn Robbins
Helios and Matheson Analytics Inc. (Nasdaq: HMNY) ("HMNY") and MoviePass™, the fastest growing movie theater subscription service in which HMNY has agreed to purchase a majority stake, announced today that MoviePass™ is offering a one year subscription plan for a flat fee of $89.95 (including a $6.55 processing fee). Existing MoviePass customers will receive 25% savings from their current $9.95 per month plan if they subscribe to the new one year MoviePass™ subscription plan.
"We look forward to helping MoviePass™ continue to broaden its reach and modernize the movie theater industry." The one year subscription plan will be available only for a limited time, giving movie-lovers an opportunity to attend the movies they want at an even lower price for an entire year. MoviePass™ introduced its $9.95 per month subscription plan in August 2017, following a significant investment from HMNY. The investment has enabled MoviePass™ to deliver on its vision to bring significant innovation to the movie theater industry and drive increased attendance to movie theaters and lower-budget films. New and existing subscribers of MoviePass™ who take advantage of the new one year subscription plan will be billed $89.95 for the year in advance at the time they subscribe to the plan. "This limited time offer is great for movie-lovers. At $6.95 per month, it's hard to compare it to anything else that provides as much entertainment for a full year," said Mitch Lowe, CEO of MoviePass. "We are entering the prime movie going season, so now is the perfect time to take advantage of the MoviePass™ movement," continued Mr. Lowe.