MoviePass
- MoviePass turned profitable for the first time in 2023, CEO Stacy Spikes told Business Insider.
- Spikes revived the service after a 2020 bankruptcy.
- The app has surpassed 1 million movies seen through the app.
MoviePass has turned a profit.
That's a big milestone for any startup, but doubly so for MoviePass. The movie-ticket-subscription service had become the butt of jokes for a couple of years when it famously dropped its monthly price to an unsustainable $10 a month in 2017, which led to a predictable bankruptcy.
But after relaunching in 2022, the service ran a profit for the first time in its history in 2023, company cofounder and CEO Stacy Spikes told Business Insider exclusively.