MoviePass announced today that it has surpassed one million paying subscribers, an increase in its subscriber base by more than 6,500 percent since the introduction of its $9.95 per month pricing model in August. The company says it has reached this milestone in less time than Spotify, Hulu, and Netflix.
"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," said Mitch Lowe, MoviePass CEO. "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.
“MoviePass has accumulated more than one million new paying subscribers faster than many of the best known paid subscription services,” said Ted Farnsworth, chairman and CEO of Helios and Matheson Analytics, New York. “MoviePass has proven to be a significant force in the industry accounting for increased movie theater revenue this year. We know this is what it will take for people to enjoy the experience of movies again and we’re thrilled that movie-goers are embracing a new and exciting era for cinema.”
MoviePass is a majority-owned subsidiary of Helios and Matheson Analytics.
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