- MoviePass announces that it is now over 1.5M subscribers, jumping from 1.0M subs in under 30 days.
- "We believe the data MoviePass collects from these million and a half movie-goers will become an important asset to our partners and the future of the movie industry," says Helios & Matheson Analytics CEO Ted Farnsworth.
- "Based on the dramatic increase in the number of MoviePass subscribers over such a short period of time, we believe MoviePass will continue to grow its subscriber base significantly,” says MoviePass CEO Mitch Lowe (early Netflix exec).
- Shares of MoviePass owner Helios and Matheson Analytics are up 7.44% in premarket action after the update.
- The rapid growth of MoviePass is a factor to watch for overall U.S. movie theater traffic trends in 2018, even if the sustainability of the model is highly debated.
- Related stocks: IMAX, AMC, RGC, RDI, MCS, CNK, NFLX.
- Source: Press Release
- Now read: 3 Reasons Apple (NASDAQ:AAPL) Won't Buy Netflix
Original article