New MoviePass pricing shakes up cinema industry, AMC threatens legal action | Inquirer
 
 
 
 
 
 

New MoviePass pricing shakes up cinema industry, AMC threatens legal action

/ 07:36 PM August 16, 2017

Image: INQUIRER.net stock photo

Streaming has rapidly grown in popularity when it comes to watching movies or series while mobile. But with newly released movies, the only option is still the traditional theater.

MoviePass is hoping to challenge the norm by offering a pass to watch any movie in a theater once a day for a monthly subscription of $9.95 (roughly P510).

That’s a total of thirty recently released movies in theaters in one month for the price of a single admission ticket. However, the pass only applies to standard 2D films. Premium formats like 3D or IMAX will not be included in the subscription.

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

The announcement came from MoviePass’ company blog. It stated that the new pricing scheme started on August 15 at all MoviePass affiliated cinemas across the United States.

Meanwhile, AMC Theaters, one of the top cinema operators in the U.S., threatened legal action against MoviePass shortly after this new price scheme was announced. AMC alleges that the new pricing would hurt its business, according to Variety.

Bloomberg noted that AMC stocks dropped by 2.6 percent after the announcement was made. Early in the month, AMC Entertainment Holdings Inc. also lost $1.3 billion in market value due to less than ideal ticket sales for the summer season.

ADVERTISEMENT

One of the reasons why movie goers are shifting to streaming is the cost of watching movies in theaters. Alfred Bayle/JB

RELATED STORIES:

Leonardo DiCaprio to star as Leonardo da Vinci in new movie

WATCH: Jennifer Lawrence at wit’s end in trailer for ‘Mother!’

‘Bumblebee’ movie release date slated; casts wrestling star John Cena

Want stories like this delivered straight to your inbox? Stay informed. Stay ahead. Subscribe to InqMORNING

Don't miss out on the latest news and information.
TAGS: movies, Star Cinema, subscription
For feedback, complaints, or inquiries, contact us.
Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our newsletter!

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.




This is an information message

We use cookies to enhance your experience. By continuing, you agree to our use of cookies. Learn more here.