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MoviePass is dying, but its former leader wants to resurrect it
Just days after MoviePass shut down, one of the key players behind its initial success and subsequent failure wants to purchase it. Ted Farnsworth announced today that he's made an offer to acquire MoviePass -- along with related assets belonging to its parent company Helios and Matheson Analytics Inc. In a press release, Farnsworth said he's proud of MoviePass and has no intention of walking away now.
Regal Cinemas unveils its unlimited movie subscription service
Regal Cinemas is the latest company to offer an unlimited movie ticket subscription service. The details of its new Regal Unlimited program were posted on its website today. The service isn't up and running just yet, but according to Deadline, it should launch in less than a week.
MoviePass temporarily shuts down service to work on its app
The monthly movie ticket subscription service MoviePass temporarily shut down today. The company claims it did so to complete work on its mobile app. It's unclear how long the outage will last, but in a tweet MoviePass said the service could be down for "several weeks."
AMC Stubs A-List is now the top movie ticket plan in the US
AMC's movie ticket subscription service has now hit the 800,000 subscriber mark, the company announced this week. AMC Stubs A-List, which just launched last June, has secured its spot as the number one movie subscription service in North America at a particularly sour time for its competitors. Rival Sinemia shuttered back in April following legal problems. MoviePass, once a success story in the space, fell from a peak of 3 million subscribers to just over 200 thousand in under a year, following rapid changes in pricing and more restrictive caps on movies watched.
