MoviePass is offering an annual plan for new subscribers that works out to $7.50 a month

Jason Guerrasio

Mar 23, 2018, 20:07 IST

MoviePass is offering an annual plan for new subscribers that works out to $7.50 a month

Business Insider

MoviePass.

MoviePass is offering one of its lowest subscription offers yet to attract new customers.
New subscribers can get the service for what works out to $7.50 a month for the first year, for a limited time.

Always looking for ways to beef up its subscription numbers, MoviePass announced Friday it is offering a discounted monthly offer for newbies.

For a limited time, new subscribers to MoviePass can get a yearly plan - which lets you see one movie per day in theaters - for what works out to $7.50 a month for the first year. For this yearly plan, MoviePass charges $6.95 per month and a one-time processing fee of $6.55. This is not the first time MoviePass has rolled out such an offer, but it isn't something the company offers all the time.

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This continues the company's quest to hit the 5 million mark in subscribers to the service by the end of the year, which MoviePass CEO Mitch Lowe has predicted. In February, the company announced that it had hit 2 million subscribers.

The announcement also boasts of the contribution MoviePass has had to the opening weekends of recent new releases. According to the company, it was responsible for 17% of box office to Paramount's "Annihilation," 10% of box office to Orion's "Every Day," and 9% of box office to Fox's "Love, Simon."

MoviePass also revealed to Business Insider recently that it bought over 1 million tickets for Disney/Marvel's sensation, "Black Panther."