Press Release: |
DALLAS, Dec. 7, 2017 /PRNewswire/ -- 2017 industry stories continue to
sound the alarm on box office woes. SMG, with the help of MoviePass, has
experienced major increases in off-peak attendance as well as with smaller
films. In 2016, Studio Movie Grill ("SMG") created a strategic
relationship with MoviePass, the nation's premier movie-theater
subscription service, to assist in driving traffic into its theaters. On
the anniversary of that partnership, SMG is delighted to announce that it
will finish the year with both positive comp store attendance and sales.
The company considers its success to have been bolstered by its partnership
with and early adoption of MoviePass, coupled with the growth of the
in-theater dining concept and service model. |
In fact, at a time when competitors have seen a marked decrease in
anticipated annual revenue, SMG is staying on track for continued growth
due, in no small part, to the substantial partnerships it forged, including
that with Movie Pass, and the subsequent guest loyalty it engendered.
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SMG partnered with MoviePass in experimenting with new concepts by
combining the best of subscription and dine-in cinema to enhance loyalty
and build new audiences. In addition, Movie Pass has seen tremendous
success with millennials, who perceive great value in the program coupled
with the time savings the extensive American Grill menu and in-theater
dining offers at SMG. They also love the ease of use and subscription
offerings. Members benefit from being able to take advantage of features
like e-ticketing and seat selection directly through the MoviePass app. |
"MoviePass has enhanced our ability to open hearts and minds by providing a
no risk vehicle for movie goers to sample movies they might not otherwise
see. SMG was amazed to learn that in some cases, as with Lady Bird,
MoviePass generated a double digit % of total attendance. We are in the
business of creating the habit of movie going and we are excited to be an
early adopter of MoviePass," said Brian Schultz, Founder/CEO, Studio Movie
Grill.
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The largest gains SMG has seen from the program have been in driving
attendance to off-peak times and bringing audiences in for a wider range of
movies. In some cases, a monthly even weekly habit is created on the price
point offered. Thus, MoviePass caters to the viewing habits of SMG's loyal
guests and prides itself in producing theater attendance increases month
over month from subscribers. |
"The MoviePass subscription-based model can be an integral part of the
future of the exhibition business and we are excited to have been the
leader in implementing the model in our theaters," stated Ted Croft, CFO,
Studio Movie Grill. "As a conscious business, it is important for SMG to be
focused on being actively involved as a partner in innovative steps towards
enhancing the future of movie going and to supporting our stakeholders." |
About Studio Movie Grill Established in 2000, Studio Movie Grill ("SMG") modernized the traditional movie-going experience by combining first-run movies with full-service, in-theater dining. SMG has swiftly grown to 29 locations in 9 states by the end of 2017 with further expansion planned in 2018. SMG was named to Inc. Magazine's List of "Fastest Growing Private Companies" two years in a row. With a commitment to Opening Hearts and Minds, One Story at a Time™, SMG's long standing programs including Special Needs Screenings, Chefs for Children and annual Awards, continue to help families and acknowledge local heroes. For additional information, visit studiomoviegrill.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 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. |
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