MoviePass™, the nation’s premier movie theater subscription
service and a majority-owned subsidiary of Helios and Matheson
Analytics Inc. (Nasdaq: HMNY), announced today it has surpassed one
million paying subscribers. MoviePass™ has increased its subscriber
base by over 6500% since the introduction of its $9.95 per month
pricing model. On August 15, 2017, MoviePass™ shifted to a
lower-priced subscription model and has since reached one million
subscribers in less time than Spotify, Hulu, and Netflix.
This press release features multimedia. View
the full release here:
http://www.businesswire.com/news/home/20171220005521/en/
Mitch Lowe and Ted Farnsworth celebrate
their momentous achievement with MoviePass in New York City
(Photo:Drew Osumi)
"We are excited and proud to have reached the one millionth
subscriber level in such a short time while still early in the
consumer adoption curve," said Mitch Lowe, MoviePass CEO. "Our
focus on creating the best movie theater subscription service
experience for our subscribers has propelled our growth to date. We
believe that growth will continue as we further develop our
application, improve customer service, enhance exhibitor relations
and fill movie theater seats for incredible films to be released in
the future."
“MoviePass™ has accumulated more than one million new paying
subscribers faster than many of the best known paid subscription
services,” said Ted Farnsworth, Chairman and CEO of HMNY.
“MoviePass™ has proven to be a significant force in the industry
accounting for increased movie theater revenue this year. We know
this is what it will take for people to enjoy the experience of
movies again and we’re thrilled that movie-goers are embracing a
new and exciting era for cinema.”
MoviePass™, led by Netflix co-founding senior executive Mitch
Lowe, offers subscribers access to one movie per day at most U.S.
movie theaters with no blackout days for $9.95 per month.
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. 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.
About MoviePass
MoviePass 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.
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. 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 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/20171220005521/en/
HMNY Contact:The Pollack PR Marketing GroupStephanie
Goldman/Mark Havenner, 212-601-9341sgoldman@ppmgcorp.com /
mhavenner@ppmgcorp.comorMoviePass Contact:LaunchSquad for
MoviePassGavin Skillman, 212-564-3665gavin@launchsquad.com
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