 | |
| Company type | Private |
|---|---|
| Industry | Entertainment |
| Founded | June 30, 2011 |
| Founders |
|
| Headquarters | New York City |
Area served | United States |
Key people | Stacy Spikes (CEO) |
| Services | Subscription-based movie ticketing |
| Owner | Stacy Spikes |
| Website | www |
| Footnotes / references [1] | |
MoviePass, Inc. is an American subscription-based movie ticketing service[2][3] owned by co-founder Stacy Spikes.[4]
The service was launched in 2011 and allowed subscribers to purchase up to a movie ticket a day for a monthly fee.[5] The service utilized a mobile app, where users check in to a theater and choose a movie and showtime, which resulted in the cost of the ticket being loaded to a prepaid debit card, which was used to purchase the ticket from the movie theater.
In 2017, the service was acquired by Helios and Matheson Analytics (HMNY) and the subscription cost was significantly lowered to $9.95 per month. Membership ballooned to over three million subscribers by June 2018, but the service began to suffer from financial issues, which ultimately caused the service to shut down in September 2019. On January 28, 2020, MoviePass' parent company HMNY filed for Chapter 7 bankruptcy and announced that it had ceased all business operations.[6][7]
On November 10, 2021, MoviePass co-founder Stacy Spikes was approved ownership of the company by a New York bankruptcy court judge. Spikes—who was fired from the company in 2018, shortly after it was acquired by HMNY—announced a relaunch of the service in 2022.
- ^ Olson, Mathew (July 31, 2018). "A Timeline Of MoviePass's Rapid Rise And Fall". Digg. Retrieved September 15, 2019.
- ^ Zaveri, Mihir (July 29, 2018). "Future of MoviePass Is in Doubt After Service Outage, Experts Say". The New York Times. ISSN 0362-4331. Retrieved July 30, 2018.
- ^ McArdle, Megan (August 2, 2018). "Three theories on why MoviePass failed". Washington Post. Retrieved August 3, 2018.
- ^ Guerrasio, Jason (November 11, 2021). "MoviePass cofounder Stacy Spikes has bought the company back and is planning a relaunch". Insider.
- ^ Locklear, Mallory (August 24, 2018). "MoviePass forces annual subscribers to its new three-movie plan early". Engadget. Retrieved August 25, 2018.
- ^ "MoviePass Parent Company Files For Bankruptcy". Variety. January 29, 2020.
- ^ Linnane, Ciara. "MoviePass parent Helios and Matheson files for Chapter 7 and stock falls to zero". MarketWatch. Retrieved January 29, 2020.