MoviePass: Stand By Me [Seeking Alpha]
HELIOS&MATHESON ANALYTICS (HMNY)
US:NASDAQ Investor Relations:
en.wikipedia.org/wiki/helios
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Source: Seeking Alpha
Summary MoviePass, the premier movie theater subscription service in the United States, announced a(nother) new pricing plan yesterday. Originally, MoviePass had announced that going into effect on August 15, they would raise its subscription fee to $14.95 from the current $9.95 it costs now. Further, the service would restrict members’ access to only blockbusters and new releases. Management has since retracted that statement but will now limit its customers to three movies per month compared to the one a day it allows now. At face value, this seems like a good alternative cost-cutting measure due to the fact that 85% of users see three or fewer movies a month using the service. Helios & Matheson Analytics MoviePass is largely owned by Helios & Matheson Analytics Inc (NASDAQ: HMNY ). The efforts made by Helios and MoviePass are the latest in a series of measures to cut spending and stabilize the service. Last month, MoviePass actually stopped working in most theaters and
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