This allows subscribers to see as many movies (excluding 3D and Imax) as they want a month (limited to one per day) for $10, at any major USA theater.
But how will MoviePass not lose money?
"I believe the technology platforms that Helios and Matheson have built over the years are a ideal fit for the MoviePass family", said Helios and Matheston CEO Ted Farnsworth.
The average movie ticket price sits at about $8.84 (a record high), according to The Hollywood Reporter. After all, there's still no better way to watch a movie than in a darkened theater with a professional-grade sound system.
Rail commuters brace for biggest increase in fares in five years
However, this could rise to as high as £10,401 under the new price hike, while a monthly ticket could rise to £997. TRAIN fares are caluclated using the RPI rate of inflation measure which is announced in August each year.
When the deal closes, H&M will loan MoviePass about $5 million, the data firm says in an SEC filing. Farnsworth told Bloomberg that the startup will be able to target ads and market to its subscribers in a manner "no different than Facebook or Google". We understand that MoviePass is absorbing the ticket discount and hoping to make up the discount through monetizing the data... and the breakage (from those consumers that do not use it to the full extent each month).
That's why the news that there's a subscription service charging just $9.95 per month for (mostly) unlimited movie trips is grabbing all kinds of attention. A 30-day month's supply of tickets, then, goes for $265.20 in total.
MoviePass, the app that has long offered daily access to new movies in theaters for a monthly subscription, is drastically cutting its prices. Lowe, a fixture of the home video business who helped get Netflix off the ground and served as president of rental-kiosk operator Redbox, was named CEO past year. Lowe said the data-based business model is still "years in the future". Accern also assigned media stories about the information technology services provider an impact score of 45.6101848522932 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the near term. "People really do want to go more often", Lowe said.
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