It's the Hollywood sequel nobody saw coming — MoviePass, the movie subscription service, is being revived and will reportedly include three price tiers depending on where in the country a user lives
and barring users from seeing new blockbuster films such as"Mission: Impossible" on opening weekend, but the company was unable to fix the fundamental flaws of its business model.When it relaunches, the subscribers to the new MoviePass will have the option to sign up for different price tiers, depending on where they live,. The prices will range between $10, $20 and $30, though there is no indication yet of how many movies users will be able to see each month.
Users will still receive a MoviePass-branded debit card. In its new incarnation, the debit card will be black instead of red, Business Insider reports. CEO Stacy Spikes, who co-founded MoviePass in 2011, left the company after it was acquired by Helios & Matheson in 2017 and bought the company back last year, said in an email that users who get on the waitlist will each receive 10 friend invites that they will be able to use once they sign up for the service.It remains to be seen how popular the new MoviePass will become, but Spikes has ambitious plans for his service.
he wants MoviePass to be responsible for 30% of all movie ticket sales across the United States by 2030.
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