|NEW YORK, NY – December 20, 2017 -- MoviePass™, the nation’s premier movie
theater subscription service and a majority-owned subsidiary of Helios and
Matheson Analytics Inc. (Nasdaq: HMNY), announced today it has surpassed
one million paying subscribers. MoviePass™ has increased its subscriber
base by over 6500% since the introduction of its $9.95 per month pricing
model. On August 15, 2017, MoviePass™ shifted to a lower-priced
subscription model and has since reached one million subscribers in less
time than Spotify, Hulu, and Netflix.
|*Represents MoviePass™ subscriber growth following announcement of
MoviePass™ $9.95 per month subscription service on August 15, 2017.
|"We are excited and proud to have reached the one millionth subscriber
level in such a short time while still early in the consumer adoption
curve," said Mitch Lowe, MoviePass CEO. "Our focus on creating the best
movie theater subscription service experience for our subscribers has
propelled our growth to date. We believe that growth will continue as we
further develop our application, improve customer service, enhance
exhibitor relations and fill movie theater seats for incredible films to be
released in the future.
|“MoviePass™ has accumulated more than one million new paying subscribers
faster than many of the best known paid subscription services,” said Ted
Farnsworth, Chairman and CEO of HMNY. “MoviePass™ has proven to be a
significant force in the industry accounting for increased movie theater
revenue this year. We know this is what it will take for people to enjoy
the experience of movies again and we’re thrilled that movie-goers are
embracing a new and exciting era for cinema.”
|MoviePass™, led by Netflix co-founding senior executive Mitch Lowe, offers
subscribers access to one movie per day at most U.S. movie theaters with no
blackout days for $9.95 per month.
||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 www.hmny.com.
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 the ability to attend unlimited movies. The service, now accepted at more than 91% of theaters across the United States, is the nation's largest theater network. For more information, visit www.moviepass.com.
|Cautionary Statement on Forward-looking Information
Certain information in this communication contains “forward-looking statements” about HMNY and MoviePass Inc. (“MoviePass”) within the meaning of the Private Securities Litigation Reform Act of 1995 or under Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (collectively, “forward-looking statements”), that may not be based on historical fact, but instead relate to future events. Forward-looking statements are generally identified by words such as “projects,” “may,” “will,” “could,” “would,” “should,” “believes,” “expects,” “anticipates,” “estimates,” “intends,” “plans,” “potential” or similar expressions. Such forward-looking statements include, without limitation, statements regarding MoviePass’ business and prospects. Statements regarding future events are based on HMNY’s and MoviePass’ current expectations and are necessarily subject to associated risks. Therefore, actual results may differ materially and adversely from those expressed in any forward-looking statements.
|Such forward-looking statements are based on a number of assumptions.
Although management of HMNY and MoviePass believe that the assumptions made
and expectations represented by such statements are reasonable, there can
be no assurance that a forward-looking statement contained herein will
prove to be accurate. Actual results and developments may differ materially
and adversely from those expressed or implied by the forward-looking
statements contained herein and even if such actual results and
developments are realized or substantially realized, there can be no
assurance that they will have the expected consequences or effects.
Risk factors and other material information concerning HMNY and MoviePass
are described in HMNY’s Quarterly Report on Form 10-Q for the quarter ended
September 30, 2017 filed with the SEC on November 14, 2017, in HMNY’s
Annual Report on Form 10-K for the fiscal year ended December 31, 2016
filed with the SEC on April 14, 2017, in HMNY’s Current Report on Form 8-K
filed on November 30, 2017 and other HMNY filings, including subsequent
current and periodic reports, information statements and registration
statements filed with the SEC. You are cautioned to review such reports and
other filings at www.sec.gov.
|Given these risks, uncertainties and factors, you are cautioned not to
place undue reliance on such forward-looking statements and information,
which are qualified in their entirety by this cautionary statement. All
forward-looking statements and information made herein are based on HMNY’s
and MoviePass’ current expectations and HMNY does not undertake an
obligation to revise or update such forward-looking statements and
information to reflect subsequent events or circumstances, except as
required by law.
|In particular, MoviePass’ subscription pricing models are new. There can be
no assurance that MoviePass’ recent rate of increase in its subscribers
resulting from these pricing models will be sustained. Moreover, an
increase in the number of MoviePass subscribers provides no assurance that
the MoviePass business model will lead to profitability.
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