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MoviePass Has Reached One Million Subscribers

MoviePass Has Reached One Million Subscribers
From Slashfilm - December 28, 2017

The movie theater ticket subscription service MoviePass shook up Hollywood earlier this year when a majority stake in the company was bought by Helios and Matheson Analytics Inc., which resulted in the monthly service dropping their price to just $10 a month. For that price, subscribers are able to see one movie each day as long as its not in IMAX or 3D, and they can see the same movie as many times as they want to. Its one hell of a bargain, and movie-going audiences have been paying attention.

Just before Christmas, MoviePass subscriptions had reached 1 million paid subscribers, and if the credit given to the service for raising movie theater attendance is any indicator, the service is only going to get bigger.

Thank you. #MoviePassMillion pic.twitter.com/pLPTz4f26a

MoviePass (@MoviePass) December 20, 2017

Heres the statement made by MoviePass CEO Mitch Lowe to Deadline:

We are excited and proud to have reached the one millionth subscriber level in such a short time while still early in the consumer adoption curve. Our focus on creating the best movie theater subscription service experience for our subscribers has propelled our growth to date. We believe that growth will continue as we further develop our application, improve customer service, enhance exhibitor relations and fill movie theater seats for incredible films to be released in the future.

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