MoviePass has partnered with Fandor, a movie streaming service, to help lower its monthly cost to $7.95 per month. Anyone who signs up for MoviePass's new plan will have to commit to a one-year subscription at $115.35, inclusive of a one-time activation fee of $19.95.
The deal gives moviegoers the Fandor subscription so they can access independent movies, including classics documentaries, international movies, and more. The company says the new plan is currently for a limited time, but didn't say how long it will last.
While it could be a great deal for those looking to spend more time at the movie theaters, people who aren't expecting to pay $115 right away may want to hold off.
Previously, MoviePass' subscription cost $9.95 per month, allowing subscribers to see one new movie every day for a month.
MoviePass Partners With Fandor
"Fandor is excited to be part of the disruptive wave redefining how audiences consume entertainment, making a broad range of movies available to our movie-loving subscribers," said Larry Aidem, President and CEO of Fandor in a statement. "We look forward to continued collaborations with MoviePass in the coming year."
Ted Farnsworth, CEO of MoviePass's parent company Helios and Matheson Analytics Inc., is equally hopeful about the new partnership.
"With this new offer, we can make the movement even more accessible to movie-goers. I believe our annual subscribers will become influential movie consumers and an amazing asset and bellwether for the film industry as a whole," he said.
MoviePass previously announced that it has reached over 2 million subscribers just less than a month after reaching 1.5 million subscribers.
AMC Theaters Turn Down MoviePass Subscribers
In January, moviegoers were unhappy that some AMC Theaters did not accept MoviePass subscribers without valid reasons.
As it turned out, MoviePass cut off access from some of the chain's most successful locations, including AMC Empire 25 in New York, AMC Loews Alderwood Mall 16 in Lynnwood, Washington, AMC River East 21 in Chicago, Illinois, Disney Springs at Walt Disney World, and other popular locations.
Subscribers have yet to see how long the new deal will last.
"We're having fun. We're energizing the movie industry; constantly experimenting," MoviePass CEO Mitch Lowe said in an interview with The Hollywood Reporter.
MoviePass also canceled multiple subscriptions as customers were "seeing too many movies." MoviePass said subscriptions were canceled over the weekend due to customers "abusing" the service to pay for IMAX movies.