MoviePass Expands Beta Program to 9 US Cities - CNET

MoviePass, which erstwhile dominated movie summons subscriptions, said Thursday that it's expanded its beta programme into 9 US cities and has secured effect funding. The work is present unrecorded successful cities including Atlanta, Chicago and Tampa Bay.

The effect backing volition assistance MoviePass make and instrumentality caller technology, similar virtual world cinema experiences, the institution said.

"As much fans instrumentality to the movies, we volition proceed to physique connected our imaginativeness to make innovative technologies that heighten the moviegoing experience," said Stacy Spikes, MoviePass CEO and co-founder. "Soon, we volition beryllium introducing caller ways for moviegoers to acquisition their favourite films and prosecute with their favourite characters."

Animoca Brands, a crippled software, blockchain and task superior company, led the financing efforts. Other companies, similar Claritas Capital, Emerald Plus and Harlem Capital, besides helped successful securing funding, but MoviePass didn't accidental however overmuch backing was nailed down.

"MoviePass has a beardown imaginativeness for exertion successful the tract of entertainment," said Yat Siu, enforcement president and co-founder of Animoca Brands. "We judge that MoviePass volition assistance to specify the aboriginal of cinema."

MoviePass has gone done respective iterations implicit the years. The work erstwhile offered a $50 a period subscription that allowed moviegoers to ticker unlimited films. MoviePass relaunched this past September after shutting down successful 2019.

For more, here's what to cognize astir MoviePass' relaunch.