- MoviePass is offering a limited time one-year subscription plan of $US89.95.
- That’s $US7.50 a month, less than the average ticket price ($US8.93).
- The number of subscribers using the startup since the $US9.95-a-month price change in August has hit 600,000.
MoviePass is not letting up on disrupting the movie theatre ecosystem.
The startup has announced an annual subscription plan that’s hard to beat.
For a limited time a one-year subscription to MoviePass will only cost $US89.95 ($US6.55 processing fee included). If you do the maths, that’s $US7.50 a month. The average domestic movie ticket is currently $US8.93. That’s quite a deal.
Existing MoviePass members will save 25% on their current $US9.95 a month plan if they switch.
MoviePass, backed by Helios and Matheson Analytics, Inc., has been a hot topic in the movie business since August when it announced it was dropping its monthly subscription plan, which allows its members to see one movie per day, to under $US10 a month. AMC, the largest theatre chain in the world, has been trying to find a way to block the service at its theatres since August.
Though there have been complaints since the end of the summer by customers about the wait time to get membership cards, and how long it takes to get reimbursed if you have to pay for a ticket out-of-pocket (Business Insider has looked into a few of these complaints and found — though it takes a frustrating long time — people have been getting cards and reimbursed), MoviePass has seen its subscription number hit 600,000 since the price change.
NOW WATCH: Briefing videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.