FRIDAY AM UPDATE with statement by MoviePass parent company CEO: Despite reports this morning, monthly movie
ticket service MoviePass has not cut 100 % ties with AMC Theatres per some Wall Street reports.
FRIDAY PM UPDATE with AMC statement: AMC Theaters has gone wide with a release doubling down on its side of the ruckus with monthly movie
ticket service MoviePass.
Movie
ticketing service MoviePass now has more than 1.5 million paid subscribers, adding 500,000 in less than a month.
Not exact matches
MoviePass CEO Mitch Lowe thinks his
service's rapid growth will continue, projecting earlier this month that
MoviePass will have 5 million subscribers by the end of 2018, and account for around 20 % of all movie
ticket purchases.
Helios and Matheson Analytics Inc (NASDAQ: HMNY) stock is down 23.9 percent this week after Cinemark Holdings, Inc. (NYSE: CNK) announced its own subscription movie
ticket service to rival Helios»
MoviePass.
This discounted movie
ticket service is like
MoviePass, but it's cheaper.
Helios and Matheson Analytics, which already owns movie
ticket subscription
service MoviePass, has acquired Moviefone.
MoviePass insiders have informed Deadline that the movie
ticket service covers over $ 2M in
ticket sales weekly to AMC.
That's the pitch from
MoviePass, the monthly movie
ticket service, which announced their new division
MoviePass Ventures on Friday at Sundance, a subsidiary that will co-acquire independent films.
For anyone who has been wondering how
MoviePass plans to survive when they're offering their
services for a cost that is less than that of the average price of a single movie
ticket, this is the answer.
Landmark Theatres will now have the
MoviePass service integrated into their
ticketing system.