While movie studios love the idea of “MoviePass,” a ticketing service that offers all you can watch movies for a small fee, big theater chains do not. Despite the pushback from theater chains, MoviePass announced this week that the service will be offering a one year subscription plan for a flat fee of $89.95 (including a $6.55 processing fee). Existing MoviePass customers will receive 25% savings from their current $9.95 per month plan if they subscribe to the new one year MoviePass subscription plan. At $6.95 a month, that’s below the average movie-ticket price for just one movie in the United States, and with MoviePass you get so much more.
The one year subscription plan will be available only for a limited time, giving movie-lovers an opportunity to attend the movies they want at an even lower price for an entire year.
MoviePass introduced its $9.95 per month subscription plan in August 2017, following a significant investment from HMNY. The investment has enabled MoviePass to deliver on its vision to bring significant innovation to the movie theater industry and drive increased attendance to movie theaters and lower-budget films. New and existing subscribers of MoviePass who take advantage of the new one year subscription plan will be billed $89.95 for the year in advance at the time they subscribe to the plan.
“This limited time offer is great for movie-lovers. At $6.95 per month, it’s hard to compare it to anything else that provides as much entertainment for a full year,” said Mitch Lowe, CEO of MoviePass. “We are entering the prime movie going season, so now is the perfect time to take advantage of the MoviePass™ movement,” continued Mr. Lowe.
“HMNY continues to be the biggest supporter of MoviePass™, as it outpaces any other movie theater subscription service and continues to disrupt the movie theater industry,” said Ted Farnsworth, Chairman and CEO of HMNY. “We look forward to helping MoviePass continue to broaden its reach and modernize the movie theater industry.”
If you haven’t checked-out MoviePass it’s a pretty amazing deal. You can find more information on the service at moviepass.com.