MoviePass introduces a new lower price for new members

If you’re willing to look past the somewhat creepy admissions that have come out of the company recently, you may be excited to hear about this deal. MoviePass is offering new members a new low price of $6.95 USD per month to sign up for the seemingly too good to be true movie ticket service. There are a couple things to keep in mind, but if you’ve been on the fence and have considered signing up, now would be a pretty good time to act.

The caveats here are that you will, of course, need to be a new subscriber. This deal is not open to current subscribers (sorry current subscribers!). The plan is also paid annually, and includes a $6.55 one-time processing fee, bringing your payment up to $89.95 USD. If you like going to see movies in the theater, that’s still a completely ridiculous price, and well worth your money as long as you’re OK with the service tracking you a little bit and using what it learns to make some extra money on the side.

This new plan is being offered specifically because of the marketing agreements and other new revenue streams that the company has gained since the service has gone live. CEO Mitch Lowe spoke a bit about how the new plan came about:

Our vision has always been to make the movie going experience easy and affordable for anyone, anywhere. With the current growth and support that we’ve seen within the last several months, our studio and exhibitor revenues and other marketing partnerships have motivated us to lower the price once again, offering movie lovers greater access to MoviePass.

So, if you’ve been toying with the idea of signing up but haven’t, this might be the perfect time to jump in. For less than what some people pay for a cup of coffee (Starbucks can get expensive…), you could instead see one movie per day in a movie theater for an entire month. If you’re interested, you can read more about the new pricing plan in the full press release below, or head over to the MoviePass website to sign up.

What do you think about the new pricing tier? Considering signing up, or still too many questions about the service? Tell us what you think in the comment section below, or on Google+, Twitter, or Facebook.

Read the full press release

MoviePass(tm) Lowers Price to $6.95 per Month

Consumer Centric Strategy Leads MoviePass to Drop Price Again

NEW YORK, NY – March 23, 2018 — MoviePass(tm), the nation’s premier movie theater subscription service and a majority-owned subsidiary of Helios and Matheson Analytics Inc. (Nasdaq: HMNY), today announced that, for a limited time, it is offering its annual subscription to new subscribers for $6.95/month.

MoviePass has gained momentum in diversifying its revenue streams due to a series of marketing agreements with studios and distributors, as well as partnerships with a number of theater exhibitors. This recent success in forming relationships with studios, exhibitors, and marketing partners has encouraged MoviePass to offer an even more attractive deal to consumers.

The annual $6.95/month plan is available for new MoviePass subscribers only, and gives new subscribers the ability to attend up to one new movie per day in theaters for a whole year. MoviePass works at over 91% of theaters in America. MoviePass, with over two million subscribers, contributed during recent opening weekends 17% of box office to Paramount Picture’s Annihilation, 10% of box office to Orion Picture’s Every Day, and 9% of box office to Fox Studio’s Love, Simon.

“Our vision has always been to make the movie going experience easy and affordable for anyone, anywhere,” said MoviePass CEO Mitch Lowe. “With the current growth and support that we’ve seen within the last several months, our studio and exhibitor revenues and other marketing partnerships have motivated us to lower the price once again, offering movie lovers greater access to MoviePass.”

MoviePass is currently 81% owned by HMNY. MoviePass first introduced its landmark $9.95 per month subscription plan in August 2017. MoviePass has recently expanded its executive team and increased its profile across the entertainment industry through initiatives like its involvement in the SXSW film festival, the Sundance Film Festival, and HMNY’s formation of MoviePass Ventures, a wholly-owned subsidiary of HMNY founded to acquire rights in films with film distributors.

“We believe our business will succeed by granting the public greater access to see movies how they were originally intended to be seen – in theaters,” said HMNY’s Chairman and CEO Ted Farnsworth. “As the leading movie theater subscription company, we want to bring better value to our MoviePass fans. With this new annual plan, MoviePass is bringing cinema back to the masses.”

The MoviePass $6.95/mo annual subscription plan is paid annually and has a one-time processing fee of $6.55.