AMC Cinema's Stub's A-List program, the theater chain's monthly subscription service that allows customers to watch three movies a week…
AMC Cinema’s Stub’s A-List program, the theater chain’s monthly subscription service that allows customers to watch three movies a week at $ 19.95 a month, will increase its monthly interest rates in the 16 US states where the app is most popular . 19659002] In California, Connecticut, Massachusetts, New Jersey and New York, the price will rise from $ 19.95 to $ 23.95 per month, starting January 9, 2019. The monthly cost increases to $ 21.95 for subscribers In Colorado, Delaware, Florida Georgia, Illinois, Maryland, Minnesota, Pennsylvania, Virginia, Washington State and DC prices will remain at $ 19.95 in the other states. The price of those who previously registered with A-List will remain without change for 1
2 months after the notification.
“Our decision to keep the AMC Stubs A-List monthly price unchanged in 35 states, together with only a modest price adjustment. In some key markets that will be in place in early 2019, we will keep in the right place to successfully balance profits and popularity, “said AMC CEO and President Adam Aron in a statement.
AMC also announced Monday that the A-List Stubs service – set up as a competitor for MoviePass – has signed more than 500,000 for its four month old subscription service. It’s far beyond what the chain originally predicted. Milestone blocks the pressure on troubled MoviePass, which has drastically cut its daily offer for $ 9.95 a month to just three movies per month.
AMC was expected to have 500,000 notifications at the end of next June and 1 million in June 2020. A-List is a premium level in AMC’s Stub loyalty program, enabling customers to watch premium movies such as Imax, Dolby Cinema and RealD . MoviePass can only be used for 2D movies.
MoviePass’s one-day movie for $ 9.95 a month became hugely popular earlier this year and attracted more than 3 million subscribers. But the service lost money for parent Helios & Matheson Analytics, which led to the dramatic limitation of customer options – lost almost $ 127 million for the second quarter.