Early reports suggested MoviePass, the theatrical subscription service that allows users to go to the movies daily, gained a huge boost from its new, low $9.95 per month price point. And now the company is projecting continued success — and millions more users — over the next 12 months.
Revealed as part of an SEC filing confirming the purchase of a majority stake in MoviePass by the company Helios and Matheson, MoviePass revealed that it projects to amass 2.5 million new subscribers in the next year. The company also intends on retaining 2.1 million of those subscribers in that same window. (These projects, the filing states, are determinate on the at least $10 million of additional funding H&M is expected to provide following the close of this deal.)
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Revealed as part of an SEC filing confirming the purchase of a majority stake in MoviePass by the company Helios and Matheson, MoviePass revealed that it projects to amass 2.5 million new subscribers in the next year. The company also intends on retaining 2.1 million of those subscribers in that same window. (These projects, the filing states, are determinate on the at least $10 million of additional funding H&M is expected to provide following the close of this deal.)
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