Report: MoviePass raising its prices, limiting access to blockbusters


FILE – In this Jan. 30, 2018, file photo, Cassie Langdon holds her MoviePass card outside AMC Indianapolis 17 theatre in Indianapolis. 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. (AP Photo/Darron Cummings, File)

MoviePass has announced that they will be raising their prices for subscribers.

The service allows subscribers to see a movie a day in the theater, all the while paying one low price a month.

Customers initially paid $10 a month for a standard plan. Now, they will have to pay $14.95 a month.

The change will take place over the next 30 days, according to CNN.

Some major releases will have a “limited” availability for the first two weeks they are in theaters, according to CNN. 

It is not clear how “limited” those films will be to MoviePass users.

These changes come amid financial woes within the company. After a reverse split last week, the company that owns MoviePass, Helios and Matheson Analytics, has seen its stock price fall from $21 to 50 cents in just days.

Click here to learn more about MoviePass.

The price changes have not been reflected on their website as of Tuesday. 

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