MoviePass Adds 500,000 New Paying Subscribers in Less than 30 Days

Bookmark and Share

Tue, 01/09/2018 - 10:43 -- Nick Dager

Less than 30 days after announcing its milestone of one million subscribers, MoviePass announced today that it has added another 500,000 new paying subscribers since December 12, 2017. MoviePass is a majority-owned subsidiary of Helios and Matheson Analytics.

“MoviePass is attracting people back to the movie theaters by lowering their cost, which we believe is transformational for the industry,” said Ted Farnsworth, chairman and chief executive officer of HMNY. “We believe the data MoviePass collects from these million and a half movie-goers will become an important asset to our partners and the future of the movie industry.”

“Based on the dramatic increase in the number of MoviePass subscribers over such a short period of time, we believe MoviePass will continue to grow its subscriber base significantly,” said Mitch Lowe, chief executive officer of MoviePass. “We’re giving people a reason to go back to the movie theaters and they’re going in droves. With awards season here, we hope we can make Hollywood and exhibitors very happy by filling seats with eager audiences.”

Helios and Matheson Analytics