Posted 2/14/2024, 9:32:00 PM
MoviePass Turns Profitable in 2022 Under New Business Model
- MoviePass achieved first profitable year since relaunch in 2022, announcing on Tuesday
- Over 1 million movie tickets purchased through MoviePass since Q1 2023
- New business model uses credits system to subsidize ticket prices, especially for less popular showtimes
- AI and machine learning help drive value for members and partners, per MoviePass CEO
- Competes with theater chain subscription services like AMC's A-List and Regal Unlimited