MoviePass says it has inked partnership deals with movie theaters, Hollywood studios

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MoviePass stated Monday that it has closed partnership deals with greater than 1,000 movie theaters and a number of other main Hollywood studios, permitting them to focus on their promoting spend. The partnerships will permit studios to market movies on to MoviePass’s 2 million subscribers by e mail and cellular push notifications, in addition to have movies prominently displayed inside the app. The firm stated in a information launch that cinemas additionally achieve entry to advertising and marketing alternatives in the MoviePass app and precedence placement, amongst different issues. “In the old days, the studios would pay advertising dollars without the ability to track results,” MoviePass Chief Executive Mitch Lowe stated. “With the MoviePass platform, the studios pay MoviePass only when the MoviePass subscriber goes to the movie.” The partnerships give MoviePass much-needed further income streams exterior of subscriptions. Selling buyer knowledge and capitalizing on MoviePass’s rising viewers has been the firm’s plan since Helios & Matheson Analytics Inc. purchased a majority stake final summer season. Shares of Helios & Matheson have gained almost 118% in the final 12 months, whereas the S&P 500 index is up 15%.

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