Movie Theater Subscription Service
MoviePass™ Hits 2 Million Subscribers in February
Less than one month after announcing its milestone of 1.5
million subscribers, MoviePass™, the nation’s premier movie theater
subscription service and a majority-owned subsidiary of Helios and
Matheson Analytics Inc. (Nasdaq: HMNY) announced today that
MoviePass™ has exceeded 2 Million Subscribers.
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the full release here:
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“MoviePass™ is attracting people back to the movie theaters by
lowering their cost, which we believe is transformational for the
industry,” said Ted Farnsworth, Chairman and Chief Executive
Officer of HMNY. “We believe the data MoviePass™ collects from
these two million movie-goers will become an important asset to our
partners and the future of the movie industry.”
MoviePass™, led by Mitch Lowe, its Chief Executive Officer,
worked with HMNY to change the MoviePass™ monthly subscription fee
to $9.95 in August 2017 resulting in the service’s recent national
attention and success in attracting new paying subscribers.
“We’re giving people a reason to go back to the movie theaters
and they’re going in droves. With awards season here, we hope we
can make Hollywood and exhibitors very happy by filling seats with
eager audiences,” said Mitch Lowe, Chief Executive Officer of
MoviePass™. “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,”
About Helios and Matheson
Helios and Matheson Analytics Inc. (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
at 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 the
ability to attend up to one movie per day for a low subscription
price. 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.
Cautionary Statement on Forward-looking Information
Certain information in this communication contains
“forward-looking statements” about HMNY and MoviePass Inc.
(“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. Statements regarding future events are based on HMNY’s
and MoviePass’ current expectations and are necessarily subject to
associated risks.
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 (including, without
limitation, the ability of MoviePass to increase the attendance of
its subscribers at select films in movie theaters) 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 for
the quarter ended September 30, 2017 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 filed with the SEC on April 14, 2017, 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’ subscription pricing models are new.
There can be no assurance that MoviePass’ recent rate of increase
in its subscribers resulting from these pricing models will be
sustained. Moreover, an increase in the number of MoviePass
subscribers provides no assurance that the MoviePass business model
will lead to profitability.
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version on businesswire.com: http://www.businesswire.com/news/home/20180208006280/en/
HMNY Contact:The Pollack PR Marketing GroupStephanie
Goldman/Mark Havenner, 310-556-4443sgoldman@ppmgcorp.com /
mhavenner@ppmgcorp.comorMoviePass Contact:LaunchSquad for
MoviePassGavin Skillman, 212-564-3665gavin@launchsquad.com
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