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New downloads of MoviePass have plummeted as the service has introduced unpopular features





MoviePass

  • Mobile-data insight company SensorTower found that first-time downloads of the MoviePass app have dropped 76% since June.
  • Sharp declines correspond with the introduction of unpopular features, such as surge pricing and limiting movies.
  • The decrease also corresponded with the plummeting stock of MoviePass’ parent company, Helios & Matheson Analytics (HMNY).

Movie-theater subscription service MoviePass saw a sudden and dramatic surge in subscribers when it decreased its price to $9.95 a month last year. But this year has been a serious test for the company, and it hasn’t exactly passed with flying colors.

New data from mobile-data insight company SensorTower found that read more >>>

Source:: BusinessInsider.Com

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