MoviePass intros expensive new pricing plans to help keep them afloat

MoviePass is testing a new three-tiered service that should help them “cut even”

MoviePass intros expensive new pricing plans to help keep them afloat 12

Another month – another major shake-up at MoviePass. In a bid to stay afloat, the company’s testing a new tiered subscription plan. The changes will take effect on the 1st of January.

Starting in 2019 the company will introduce its “Select,” “All-Access,” and “Red Carpet” plans. Prices are expected to range from $10 to $25 per month depending on the tier and location. Additionally, all three plans are still limited to viewing just three films in a month.

Ranging from $10 to $15, ‘Select’ is the cheapest. This plan is nearly identical to MoviePass’ current $10 plan. As the budget option, it limits subscribers to a curated list of titles available on select days.

‘All Access’ costs between $15 and $20, however, subscribers are not bound to MoviePass’ limited list. Under this option, only 3D and similar large-format titles are not covered.

Speaking of which, if you’d like access to IMAX and 3D, you’ll need ‘Red Carpet’. Topping the list at $20 to $25 per month, this plan has all the benefits of All Access, with the addition of one large-format viewing per month included.

And for better rates, MoviePass is also selling one year of All Access and Red Carpet for $120 and $150, respectively.

According to Engadget, MoviePass is hoping its reworked subscription plan will help the company “break even on the cost of tickets.” Previously, the company was losing money at warp-speed due to price cuts and its ‘all-you-can-eat’ approach. Per our reporting, due to the lure of unlimited viewings, the company saw subscriptions jump from “tens-of-thousands to over one million paid subscribers.”

READ  MoviePass is abruptly shutting down

Unfortunately, this is where things peaked. Reports suggest MoviePass continues to lose subscribers due to constant pitfalls and over-promises. Only time will tell if this is the move that rights the ship.