Movie Theater Subscription Service
MoviePass™ Rings in New Year with 500,000 New Paying Subscribers in
Less than 30 Days
Less than 30 days after announcing its milestone of 1 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™ added another 500,000 new paying subscribers since
December 12, 2017. MoviePass™ subscribers can see a movie every day
of the month for a low monthly subscription fee of $9.95.
This press release features multimedia. View
the full release here:
http://www.businesswire.com/news/home/20180109005982/en/
Mitch Lowe and Ted Farnsworth (Photo:
Business Wire)
“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 million and a half movie-goers will become an important asset
to our partners and the future of the movie industry,” Mr.
Farnsworth continued.
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.
“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,” said
Mitch Lowe, Chief Executive Officer of MoviePass™. “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.”
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 at 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.
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 financial and operational impact of the increases
in MoviePass’ subscriber base and the potential for any future
increases in such subscriber base as described herein) 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.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20180109005982/en/
Helios and Matheson Analytics Inc.The Pollack PR Marketing
GroupStephanie Goldman, 310-556-4443sgoldman@ppmgcorp.comorMark
Havenner,
310-556-4443mhavenner@ppmgcorp.comorMoviePassLaunchSquadGavin
Skillman, 212-564-3665gavin@launchsquad.com
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