Posted Wed Aug 16, 2017 at 07:00 PM PDT by Steven Cohen
The service lets users see one theatrical release every day for just $10 per month!
MoviePass has announced a new $9.95 per month pricing plan for its movie ticket service. As part of the subscription, users will be able to see one 2D theatrical film every day with no contract or blackout dates.
After signing up for the plan, users are sent a special MoviePass debit card. Customers can then select a theater and movie showtime from the MoviePass app. Once a user's smartphone GPS registers within 100 yards of the selected theater, subscribers can then check-in for the film they want to see. Credit is then transferred to the MoviePass debit card which can then be used to buy the tickets.
Currently, the service only covers standard 2D showings and does include support for 3D, IMAX, or other premium format presentations. Likewise, the app does not allow customers to buy tickets for future dates -- only showings for the day of purchase.
Theaters currently supported by the app include AMC, Cinemark, Regal and several independent chains. With that said, AMC is now attempting to prevent the service from supporting its theaters and is even threatening legal action against what it sees as an unsustainable program.
In order to fund the company's ambitious new pricing plan, MoviePass recently sold a 51% stake to Helios and Matheson Analytics for $27 million. In the past, the service has offered more expensive plans, including a two movie per month option for $15.
Interested film fans can sign up for MoviePass at the company's website but, as of press time, the site is currently down -- likely due to the high amount of traffic that demand for this new $9.95 plan has brought.
Sources: Variety, Engadget, Engadget 2, Business Insider
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