MoviePass Expands Revenue Source With Distributor Deal

MoviePass Expands Revenue Source With Distributor Deal

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by: Elizabeth Balboa, Benzinga Staff Writer

 

Helios and Matheson Analytics Inc HMNY 10.03% spiked mroe than 12 percent Monday after MoviePass announced a new revenue opportunity — a deal with an undisclosed independent movie distributor to promote a particular film for performance-based compensation.

“With studio-driven revenue, we have delivered on our promise to investors that our business model will continue to expand beyond subscription fees,” MoviePass CEO Mitch Lowe said in a press release.

The added revenue source and active effort to influence moviegoing behavior may abate Street skepticism of the MoviePass model.

 

MoviePass Proves Its Worth

MoviePass boasts of success in previous marketing campaigns, which corresponded with a 53.3-percent increase in ticket sales for Amazon.com, Inc. AMZN 0.31%’s “Last Flag Flying” and a 48.3-percent increase for Bleecker Street’s “The Man Who Invented Christmas” against non-targeted consumer control groups.

More broadly, it claims efficacy in bolstering releases and sustaining screening attendance beyond opening weekend.

Its representation among ticket sales for both “Justice League” and “Coco” marginally increased after opening weekend even as total attendance slipped. The firm also accounted for 13.21 percent of opening-weekend sales for “Roman J. Israel Esquire” and 10 percent for “Three Billboards Outside Ebbing, Missouri.”

“Our data shows that MoviePass has a demonstrable impact on revenue figures and percentage contributions to overall box office receipts for both major studio releases and independent films during Opening Weekend," Lowe said in the release.

Helios and Matheson traded recently at $9.44, up 11.4 percent.

 

© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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3 responses to “MoviePass Expands Revenue Source With Distributor Deal”

  1. Margaret says:

    I totally agree with Lowe, the fact that MoviePass has an impact on revenue figures and percentage contributions to overall box office receipts for both major studio releases and independent films during Opening Weekend is obvious. artnewsagency.com

  2. Louis says:

    Maybe now they can afford to answer some customer support requests.
    If you been in this theater, you may know why 🙂
    PAYFAZZ

  3. ukassignmentwritingservices says:

    These kinds of shows and events will definitely be helpful for countries to increase the amount of revenue of their country. It will also be helpful in creating opportunities for every unemployed too. Authorities and Government should organize such kinds of events time to time. Nursing Assignment Writing Service UK

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