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MoviePass 2.0 will arrive this summer time with new costs

Over two years after MoviePass went into chapter 11, the subscription film ticket service is eying a comeback. By way of Deadline, MoviePass co-founder Stacy Spikes made the announcement this morning that MoviePass 2.0 is coming this summer time. Spikes revealed {that a} new MoviePass app is in growth, however there have been no particulars on value. As a substitute, he indicated that there shall be tier pricing this time, as an alternative of the one package deal pricing provided by the unique MoviePass.

In 2017, MoviePass made a giant splash by asserting a subscription plan that allowed customers to see one film a day for $9.95 a month. A part of the corporate’s mannequin was primarily based on promoting data about its customers. Nonetheless, demand was so excessive that MoviePass’s monetary capabilities had been pushed to the breaking level. The subscription service was shut down months earlier than the corporate entered Chapter 7 chapter in January 2020.

Spikes had already been pressured out of the corporate earlier than that point. Regardless, he and his enterprise companions bought MoviePass’ belongings in late 2022. In line with Spikes, a number of of MoviePass’ former staff have additionally been rehired to work on the relaunch. And in the course of the press occasion, Spikes requested members of the media to check out the brand new service free of charge in trade for his or her suggestions.

“We’re not going to get it proper out of the field,” mentioned Spikes. “It’s going to be trial and error. However for those who guys will help us construct a market, we actually assume we are able to take this locations.”

Throughout his presentation, Spikes indicated that MoviePass plans to enter partnerships with Alamo Drafthouse and Angelika Cinemas. Nonetheless, bigger theater chains like AMC and Regal weren’t included within the slideshow. AMC already has its personal film subscription package deal, which was created in response to MoviePass’ recognition.

Spikes additionally indicated that the brand new MoviePass may have Web3 functionality to stop it from being overwhelmed by site visitors. That was a frequent downside with the earlier MoviePass.

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