[December 12, 2017] |
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MoviePass and Fandor Partner with Costco on Movie Lovers Package
MoviePass™,
the nation's premier movie-theater subscription service and a
majority-owned subsidiary of Helios and Matheson Analytics Inc. (NASDAQ:
HMNY), and Fandor®,
the streaming service with the largest collection of independent films,
documentaries, international features and shorts, today announced that
both companies are partnering with Costco to offer a one-year
subscription plan for a flat fee of $89.99. The package deal for both
services is available exclusively to Costco members and covers a year of
membership for both MoviePass and Fandor.
This press release features multimedia. View the full release here:
http://www.businesswire.com/news/home/20171212005820/en/
MoviePass and Fandor Partner with Costco on Movie Lovers Package (Photo: Business Wire)
The offer will only be available online at Costco.com
for one week, from December 12 to December 18, 2017.
Those who sign up for the one-year subscriptions will receive digital
codes providing instant access to Fandor's library of over 5,000 films,
as well as a year's worth of the latest and greatest in-theater
experiences through MoviePass. The annual subscription for both services
is offered exclusively through Costco.com
and will be billed as a one-time payment of $89.99 at the time of
purchase.
MoviePass introduced its $9.95 per month subscription plan in August
2017, as part of a majority acquisition of MoviePass by Helios and
Matheson Analytics Inc. (Nasdaq:
HMNY) ("HMNY"). Since the roll out of the $9.95 per month plan,
MoviePass' subscriber base has grown to over 600,000 subscribers,
delivering on its promise to bring back the joy of the theater-going
experience while increasing movie theater attendance across the country.
"We've long been fans of Fandor's library of movies and we're excited to
partner with them and Costco to bring new members this incredible
limited-time offer," said Mitch Lowe, CEO of MoviePass. "MoviePassis
ultimately about celebrating our love of movies, whether you stream them
at home or experience them on the big screen. We feel strongly that our
subscription model is a major step forward for the industry, and the
increased attendance that we've seen as a result of the MoviePass
service is an encouraging sign not only for theaters, but for the
studios and distributors as well."
Larry Aidem, President and CEO of Fandor, commented that: "Fandor is
excited about its continuing successful partnership with MoviePass and
the resulting benefit to movie lovers. Working with our friends at
Costco, Fandor and MoviePass together are offering Costco customers
access to over 5,000 movies available to stream at home plus access to
unlimited movies in theaters 365 days a year."
Costco members who purchase the combined deal will receive digital codes
that can be used to gain access to each annual subscription. Members
will need to enter each code on the respective MoviePass and Fandor
websites in order to complete the sign-up process.
About MoviePass
MoviePass, Inc. is a technology company dedicated to enhancing the
exploration of cinema. As the nation's premier movie-theater
subscription service, MoviePass provides film enthusiasts the ability to
attend unlimited movies. The service, now accepted at more than 91% of
theaters across the United States, is the nation's largest theater
network. For more information, visit www.moviepass.com.
About Fandor
Fandor
streams over 5,000 handpicked, award-winning movies from around the
world. With over 500 genres that include Hollywood classics,
undiscovered gems, and the latest festival favorites, Fandor provides
curated entertainment and original editorial content on desktop, iOS,
Android, Roku, Apple (News - Alert) TV, Chromecast, Amazon Prime, Sling TV, CenturyLink
Stream, and throughout social media. With a rapidly expanding library
and innovative partnerships, Fandor's goal is to captivate and inspire a
global community of movie lovers.
About Helios and Matheson
Helios and Matheson Analytics Inc. (NASDAQ:
HMNY) is a provider of information technology services and
solutions, offering a range of technology platforms focusing on big
data, artificial intelligence, business intelligence, social listening,
and consumer-centric technology. HMNY owns a majority interest in
MoviePass Inc., the nation's premier movie-theater subscription service.
HMNY's holdings include RedZone Map™, a safety and navigation app for
iOS and Android (News - Alert) users, and a community-based ecosystem that features a
socially empowered safety map app that enhances mobile GPS navigation
using advanced proprietary technology. HMNY is headquartered in New
York, NY and listed on the Nasdaq Capital Market under the symbol HMNY.
For more information, visit us www.hmny.com.
Cautionary Statement on Forward-Looking Statements and Other
Information in this Press Release
Certain information in this communication contains "forward-looking
statements" about HMNY and MoviePass within the meaning of the Private
Securities Litigation Reform Act of 1995 or under Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended (collectively, "forward-looking
statements"), that may not be based on historical fact, but instead
relate to future events. Forward-looking statements are generally
identified by words such as "projects," "may," "will," "could," "would,"
"should," "believes," "expects," "anticipates," "estimates," "intends,"
"plans," "potential" or similar expressions. Such forward-looking
statements include, without limitation, statements regarding MoviePass'
business and prospects (including the benefits of the arrangement with
Fandor and Costco described herein). Statements regarding future events
are based on the parties' current expectations and are necessarily
subject to associated risks. Therefore, actual results may differ
materially and adversely from those expressed in any forward-looking
statements.
Such forward-looking statements are based on a number of assumptions.
Although management of HMNY and MoviePass believe that the assumptions
made and expectations represented by such statements are reasonable,
there can be no assurance that a forward-looking statement contained
herein will prove to be accurate. Actual results and developments may
differ materially and adversely from those expressed or implied by the
forward-looking statements contained herein and even if such actual
results and developments are realized or substantially realized, there
can be no assurance that they will have the expected consequences or
effects.
Risk factors and other material information concerning HMNY and
MoviePass are described in HMNY's Quarterly Report on Form 10-Q filed
with the SEC (News - Alert) on November 14, 2017, in HMNY's Annual Report on Form 10-K
for the fiscal year ended December 31, 2016, in HMNY's Current Report on
Form 8-K filed on November 30, 2017 and other HMNY filings, including
subsequent current and periodic reports, information statements and
registration statements filed with the SEC. You are cautioned to review
such reports and other filings at www.sec.gov.
Given these risks, uncertainties and factors, you are cautioned not to
place undue reliance on such forward-looking statements and information,
which are qualified in their entirety by this cautionary statement. All
forward-looking statements and information made herein are based on
HMNY's and MoviePass' current expectations and HMNY does not undertake
an obligation to revise or update such forward-looking statements and
information to reflect subsequent events or circumstances, except as
required by law.
In particular, MoviePass' limited time subscription pricing models (such
as described herein) are new. There can be no assurance that a resulting
rate of increase in its subscribers from these pricing models will
occur, will continue or will be sustained. Moreover, an increase in the
number of MoviePass subscribers provides no assurance that the MoviePass
business model will lead to profitability.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171212005820/en/
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