According to The Hollywood Reporter, MoviePass CEO Mitch Lowe said he didn’t know if the company’s movie-a-day subscription plan would ever return.
Currently, MoviePass only offers new customers a three-month bundle with iHeartRadio for $29.85 a month, which includes four movies in theaters (per month) and a free trial of iHeartRadio All Access.
MoviePass’ subscriber base drastically increased after the company lowered the price to $9.95 a month for a movie-a-day plan, but the company’s ability to stay in business has been called into question recently.
When MoviePass lowered its price in August to $9.95 a month to see one movie per day in theaters, it seemed too good to be true. Now, that plan is no longer available for new subscribers, and the company’s CEO doesn’t know if it will ever return. See the rest of the story at Business Insider
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