Limited-Time $89.99 One-Year
Subscription
MoviePass™, the nation's premier movie-theater subscription service
and a majority-owned subsidiary of Helios and Matheson Analytics
Inc. (NASDAQ:HMNY), and Fandor®, the streaming service with the
largest collection of independent films, documentaries,
international features and shorts, today announced that both
companies are partnering with Costco to offer a one-year
subscription plan for a flat fee of $89.99. The package deal for
both services is available exclusively to Costco members and covers
a year of membership for both MoviePass and Fandor.
A photo accompanying this announcement is available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/5923f5a9-4a01-41f3-9f2f-0e9dfcb03dca
The offer will only be available online at
Costco.com for one week, from December 12 to December 18,
2017.
Those who sign up for the one year subscriptions
will receive digital codes providing instant access to Fandor’s
library of over 5,000 films, as well as a year’s worth of the
latest and greatest in-theater experiences through MoviePass. The
annual subscription for both services is offered exclusively
through Costco.com and will be billed as a one-time payment of
$89.99 at the time of purchase.
MoviePass introduced its $9.95 per month
subscription plan in August 2017, as part of a majority acquisition
of MoviePass by Helios and Matheson Analytics Inc. (Nasdaq:HMNY)
(“HMNY”). Since the rollout of the $9.95 per month plan, MoviePass’
subscriber base has grown to over 600,000 subscribers, delivering
on its promise to bring back the joy of the theater-going
experience while increasing movie theater attendance across the
country.
“We’ve long been fans of Fandor’s library of
movies and we’re excited to partner with them and Costco to bring
new members this incredible limited-time offer,” said Mitch Lowe,
CEO of MoviePass. “MoviePass is ultimately about celebrating our
love of movies, whether you stream them at home or experience them
on the big screen. We feel strongly that our subscription model is
a major step forward for the industry, and the increased attendance
that we’ve seen as a result of the MoviePass service is an
encouraging sign not only for theaters, but for the studios and
distributors as well.”
Larry Aidem, President and CEO of Fandor,
commented that, “Fandor is excited about its continuing successful
partnership with MoviePass and the resulting benefit to movie
lovers. Working with our friends at Costco, Fandor and MoviePass
together are offering Costco customers access to over 5,000 movies
available to stream at home plus access to unlimited movies in
theaters 365 days a year.”
Costco members who purchase the combined deal
will receive digital codes that can be used to gain access to each
annual subscription. Members will need to enter each code on the
respective MoviePass and Fandor websites in order to complete the
sign-up process.
About MoviePassMoviePass, 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 the ability to attend unlimited
movies. 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.
About FandorFandor streams over
5,000 handpicked, award-winning movies from around the world. With
over 500 genres that include Hollywood classics, undiscovered gems,
and the latest festival favorites, Fandor provides curated
entertainment and original editorial content on desktop, iOS,
Android, Roku, Apple TV, Chromecast, Amazon Prime, Sling TV,
CenturyLink Stream, and throughout social media. With a rapidly
expanding library and innovative partnerships, Fandor’s goal is to
captivate and inspire a global community of movie lovers.
About Helios and MathesonHelios
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. HMNY owns a majority interest in MoviePass Inc., the
nation's premier movie-theater subscription service. HMNY’s
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. 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.
Cautionary Statement on Forward-Looking
Statements and Other Information in this Press Release
Certain information in this communication
contains “forward-looking statements” about HMNY and MoviePass
within the meaning of the Private Securities Litigation Reform Act
of 1995 or under Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended (collectively, “forward-looking statements”), that may not
be based on historical fact, but instead relate to future events.
Forward-looking statements are generally identified by words such
as “projects,” “may,” “will,” “could,” “would,” “should,”
“believes,” “expects,” “anticipates,” “estimates,” “intends,”
“plans,” “potential” or similar expressions. Such forward-looking
statements include, without limitation, statements regarding
MoviePass’ business and prospects (including the benefits of the
arrangement with Fandor and Costco described herein). Statements
regarding future events are based on the parties’ current
expectations and are necessarily subject to associated risks.
Therefore, actual results may differ materially and adversely from
those expressed in any forward-looking statements.
Such forward-looking statements are based on a
number of assumptions. Although management of HMNY and MoviePass
believe that the assumptions made and expectations represented by
such statements are reasonable, there can be no assurance that a
forward-looking statement contained herein will prove to be
accurate. Actual results and developments may differ materially and
adversely from those expressed or implied by the forward-looking
statements contained herein and even if such actual results and
developments are realized or substantially realized, there can be
no assurance that they will have the expected consequences or
effects.
Risk factors and other material information
concerning HMNY and MoviePass are described in HMNY’s Quarterly
Report on Form 10-Q filed with the SEC on November 14, 2017, in
HMNY’s Annual Report on Form 10-K for the fiscal year ended
December 31, 2016, in HMNY’s Current Report on Form 8-K filed on
November 30, 2017 and other HMNY filings, including subsequent
current and periodic reports, information statements and
registration statements filed with the SEC. You are cautioned to
review such reports and other filings at www.sec.gov.
Given these risks, uncertainties and factors,
you are cautioned not to place undue reliance on such
forward-looking statements and information, which are qualified in
their entirety by this cautionary statement. All forward-looking
statements and information made herein are based on HMNY’s and
MoviePass’ current expectations and HMNY does not undertake an
obligation to revise or update such forward-looking statements and
information to reflect subsequent events or circumstances, except
as required by law.
In particular, MoviePass’ limited time
subscription pricing models (such as described herein) are new.
There can be no assurance that a resulting rate of increase in its
subscribers from these pricing models will occur, will continue or
will be sustained. Moreover, an increase in the number of MoviePass
subscribers provides no assurance that the MoviePass business model
will lead to profitability.
ContactsHMNY Contact:The Pollack PR Marketing
GroupStephanie Goldman/Mark Havenner,
212-601-9341sgoldman@ppmgcorp.com/mhavenner@ppmgcorp.com
MoviePass Contact:LaunchSquad for MoviePassGavin Skillman,
212-564-3665gavin@launchsquad.com
Fandor contact:Monica Hamonica.ha@fandor.com
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