Press Release
MoviePass™ Surpasses 1.5 Million Subscribers
Movie Theater Subscription Service MoviePass™ Rings in New Year
With 500,000 New Paying Subscribers in Less than 30 Days
| Press Release: |
| New York, New York (January 9, 2018) — Less than 30 days after announcing
its milestone of 1 million subscribers, MoviePass™, the nation’s premier
movie theater subscription service and a majority-owned subsidiary of
Helios and Matheson Analytics Inc. (Nasdaq: HMNY) announced today that
MoviePass™ added another 500,000 new paying subscribers since December 12,
2017. MoviePass™ subscribers can see a movie every day of the month for a
low monthly subscription fee of $9.95.
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| “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,” Mr. Farnsworth continued.
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| MoviePass™, led by Mitch Lowe, its Chief Executive Officer, worked with
HMNY to change the MoviePass™ monthly subscription fee to $9.95 in August
2017 resulting in the service’s recent national attention and success in
attracting new paying subscribers. |
| “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.”
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About Helios and Matheson Helios and Matheson Analytics Inc. (Nasdaq: HMNY) is a provider of information technology services and solutions, offering a range of technology platforms focusing on big data, artificial intelligence, business intelligence, social listening, and consumer-centric technology. HMNY owns a majority interest in MoviePass Inc., the nation's premier movie-theater subscription service. HMNY’s holdings include RedZone Map™, a safety and navigation app for iOS and Android users, and a community-based ecosystem that features a socially empowered safety map app that enhances mobile GPS navigation using advanced proprietary technology. HMNY is headquartered in New York, NY and listed on the Nasdaq Capital Market under the symbol HMNY. For more information, visit us at www.hmny.com. |
About MoviePass MoviePass™ is a technology company dedicated to enhancing the exploration of cinema. As the nation's premier movie-theater subscription service, MoviePass™ provides film enthusiasts with a variety of subscription options to enhance their movie-going experience. The service, now accepted at more than 91% of theaters across the United States, is the nation's largest theater network. Visit: www.moviepass.com. |
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