MoviePass is raising its monthly subscription price and is limiting access to nearly every major blockbuster release.
The company will be increasing its price from $9.95 to $14.95 over the next 30 days in an effort to stay afloat, with MoviePass temporarily running out of money last week. Users will also won’t be able to watch new movies within their first two weeks of release.
The service has recently been suffering from widespread outages, with most showings for films not appearing on the app, including Mission: Impossible – Fallout. MoviePass’ parent company, Helios and Matheson Analytics, claims these two measures will help reduce its cash burn rate by 60%