Post by Admin on Oct 4, 2018 18:59:56 GMT
deadline.com/2018/10/amc-theaters-stubs-a-list-subscribers-moviepass-1202476268/
AMC Stubs A-List Monthly Movie Ticket Subscribers Clock Past 400K
In 14 weeks since its launch, AMC Stubs A-List, the theater chain’s monthly movie ticket subscription service, has flown past 400K subscribers, achieving 80% of the company’s one-year membership goal and 40% of the exhibitor’s two-year membership goal.
Beamed AMC CEO and President Adam Aron, said, “While we do not plan to issue A-List enrollment statistics on a weekly basis, our hitting more than 400,000 enrolled members only three months and a week after launching the program is an enormous milestone. Those who have been following our progress with A-List are aware that we had originally expected 500K enrollments at the one-year mark and 1M enrollments at the two-year mark. Above our wildest hopes, in just 14 weeks, we have achieved 80% of our one-year goal and 40% of our two-year goal. This all bodes well for the future of increased moviegoing in America.”
For $19.95 a month, an AMC Stubs A-List subscriber gets three movie tickets a week (use it or lose it) and can buy tickets at last minute or weeks in advance in any format, i.e. Imax, Dolby, PLF. For any cinephile this eases the headaches they may have experienced with MoviePass reported $9.95/a month service which had blocked out showtimes, failed to cover Hollywood tentpoles during its financial crisis this summer and added sudden surcharges along the way to its monthly subscription fee to stay afloat.
Given that AMC, the largest theater chain in the world, has its finger on the pulse of moviegoing, they can feasibly determine the proper monthly market price for unlimited moviegoing; a business plan that won’t burn the house down which has been the case with MoviePass, whose parent company Helios & Matheson (HMNY) is trading at $0.23/a share as of midday PST. On Oct. 18, HMNY is expected to ask its stockholders for 1-500 reverse stock split, following their unsuccessful 1-250 stock split.
At 11:50AM PST, AMC Entertainment Holdings was +$0.06 for $20.15/a share. Earlier this year, AMC Theatres became the first exhibitor to open a movie theater in Saudi Arabia. AMC opened the first Riyadh venue April 18. The Kansas City theater circuit The Leawood plans to open 30-40 cinemas in approximately 15 cities in Saudi Arabia over the next five years, and a total of 50-100 cinemas in approximately 25 Saudi Arabian cities by the year 2030.
AMC Stubs A-List Monthly Movie Ticket Subscribers Clock Past 400K
In 14 weeks since its launch, AMC Stubs A-List, the theater chain’s monthly movie ticket subscription service, has flown past 400K subscribers, achieving 80% of the company’s one-year membership goal and 40% of the exhibitor’s two-year membership goal.
Beamed AMC CEO and President Adam Aron, said, “While we do not plan to issue A-List enrollment statistics on a weekly basis, our hitting more than 400,000 enrolled members only three months and a week after launching the program is an enormous milestone. Those who have been following our progress with A-List are aware that we had originally expected 500K enrollments at the one-year mark and 1M enrollments at the two-year mark. Above our wildest hopes, in just 14 weeks, we have achieved 80% of our one-year goal and 40% of our two-year goal. This all bodes well for the future of increased moviegoing in America.”
For $19.95 a month, an AMC Stubs A-List subscriber gets three movie tickets a week (use it or lose it) and can buy tickets at last minute or weeks in advance in any format, i.e. Imax, Dolby, PLF. For any cinephile this eases the headaches they may have experienced with MoviePass reported $9.95/a month service which had blocked out showtimes, failed to cover Hollywood tentpoles during its financial crisis this summer and added sudden surcharges along the way to its monthly subscription fee to stay afloat.
Given that AMC, the largest theater chain in the world, has its finger on the pulse of moviegoing, they can feasibly determine the proper monthly market price for unlimited moviegoing; a business plan that won’t burn the house down which has been the case with MoviePass, whose parent company Helios & Matheson (HMNY) is trading at $0.23/a share as of midday PST. On Oct. 18, HMNY is expected to ask its stockholders for 1-500 reverse stock split, following their unsuccessful 1-250 stock split.
At 11:50AM PST, AMC Entertainment Holdings was +$0.06 for $20.15/a share. Earlier this year, AMC Theatres became the first exhibitor to open a movie theater in Saudi Arabia. AMC opened the first Riyadh venue April 18. The Kansas City theater circuit The Leawood plans to open 30-40 cinemas in approximately 15 cities in Saudi Arabia over the next five years, and a total of 50-100 cinemas in approximately 25 Saudi Arabian cities by the year 2030.