Discount ticket service MoviePass raises prices by 50 pct

Discount ticket service MoviePass raises prices by 50 pct

6 years ago
Anonymous $oIHRkISgaL

https://apnews.com/f4ac7534013b4bdfad2025d58d7f857f

NEW YORK (AP) — MoviePass, the discount service for movie tickets, is raising prices by 50 percent and barring viewings of most major releases during the first two weeks.

The new $15-a-month rate for up to one movie each day still won't make MoviePass profitable. Because it typically pays theaters the full cost of tickets — which can be $15 or more in big cities — a movie or two can put the service in the red. The old monthly rate was $10.