Will MoviePass Return in 2022?.
Will MoviePass Return in 2022?.
Original co-founder Stacy Spikes announced that the company may make a comeback in the new year.
The announcement comes after the recent ruling of an NYC court that essentially reinstated Spikes as the MoviePass owner.
We are thrilled to have it back and are exploring the possibility of relaunching soon.
, Stacy Spikes, MoviePass Co-founder, via Engadget .
Our pursuit to reclaim the brand was encouraged by the continued interest from the moviegoing community.
, Stacy Spikes, MoviePass Co-founder, via Engadget .
We believe, if done properly, theatrical subscription can play an instrumental role in lifting moviegoing attendance to new heights, Stacy Spikes, MoviePass Co-founder, via Engadget .
MoviePass declared bankruptcy nearly two years ago.
The popular MoviePass monthly subscription initially allowed subscribers to see a set number of movies at participating theaters.
Once it was bought by HMNY in 2017.
Subscribers briefly had the option to see one movie per day for a $10 monthly subscription price.
The popularity of MoviePass led to contentious relationships with movie theater chains and exhausted millions of dollars of company capital.
It wasn't long before the unsustainable business model led to the end of MoviePass.
The idea, however, led to many prominent theater chains creating their own monthly subscription plans.
Details about the potential relaunch are unclear.
But many analysts have noted that with Spikes reinstated, MoviePass is once again a Black-owned company