MoviePass at $6.95 a Month May Be Too Good to Be True
An already ridiculously good deal for moviegoers is getting even cheaper, and one has to wonder how this won't all end up badly for MoviePass and majority stakeholder Helios and Matheson (NASDAQ: HMNY). MoviePass -- the multiplex smorgasbord that lets members see a movie per day for $9.95 a month -- is introducing a pre-paid annual option at a steep discount.
The limited-time offer gives film buffs the ability to pay $89.95 for an entire year of MoviePass access. The pre-paid plan breaks down to $6.95 a month with a $6.55 processing fee, or a monthly average of $7.50. The average price for a standard screening movie ticket these days is $8.97, so the new pass more than pays for itself even for people seeing a single movie a month. We're talking an average of less than a quarter per movie for someone dedicated enough to catch a flick every day.
Image source: MoviePass.
Source: Fool.com
