Helios and Matheson Analytics Inc. (Nasdaq: HMNY) ("HMNY") and MoviePass™, the fastest growing movie theater subscription service in which HMNY has agreed to purchase a majority stake, announced today that MoviePass™ is offering a one year subscription plan for a flat fee of $89.95 (including a $6.55 processing fee). Existing MoviePass customers will receive 25% savings from their current $9.95 per month plan if they subscribe to the new one year MoviePass™ subscription plan.
"We look forward to helping MoviePass™ continue to broaden its reach and modernize the movie theater industry."
The one year subscription plan will be available only for a limited time, giving movie-lovers an opportunity to attend the movies they want at an even lower price for an entire year.
MoviePass™ introduced its $9.95 per month subscription plan in August 2017, following a significant investment from HMNY. The investment has enabled MoviePass™ to deliver on its vision to bring significant innovation to the movie theater industry and drive increased attendance to movie theaters and lower-budget films. New and existing subscribers of MoviePass™ who take advantage of the new one year subscription plan will be billed $89.95 for the year in advance at the time they subscribe to the plan.
"This limited time offer is great for movie-lovers. At $6.95 per month, it's hard to compare it to anything else that provides as much entertainment for a full year," said Mitch Lowe, CEO of MoviePass. "We are entering the prime movie going season, so now is the perfect time to take advantage of the MoviePass™ movement," continued Mr. Lowe.
"HMNY continues to be the biggest supporter of MoviePass™, as it outpaces any other movie theater subscription service and continues to disrupt the movie theater industry," said Ted Farnsworth, Chairman and CEO of HMNY. "We look forward to helping MoviePass™ continue to broaden its reach and modernize the movie theater industry."
About Helios and Matheson Helios and Matheson Analytics Inc. (NASDAQ: HMNY) is a provider of information technology services and solutions, offering a range of technology platforms focusing on big data, artificial intelligence, business intelligence, social listening, and consumer-centric technology. Its holdings include RedZone Map™, a safety and navigation app for iOS and Android users, and a community-based ecosystem that features a socially empowered safety map app that enhances mobile GPS navigation using advanced proprietary technology. Through TrendIt, HMNY has acquired technology addressing crowd and migration patterns and consumer behavior in real-time. The patented technology predicts population behavior, along with a crowd's population size, origin and destination. HMNY is headquartered in New York, NY and listed on the Nasdaq Capital Market under the symbol HMNY. For more information, visit us
www.hmny.com.
About MoviePass MoviePass Inc. is a technology company dedicated to enhancing the exploration of cinema. As the nation's premier movie-theater subscription service, MoviePass provides film enthusiasts with a variety of subscription options to enhance their movie-going experience. 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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