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Jamie McCarthy/Getty Images; Jenny Chang-Rodriguez/BI
It was a little less than a year since MoviePass had filed for bankruptcy, and Ted Farnsworth was back.
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.
The evolution of MoviePass continues, with today’s announcement that the subscription movie theater service (
The AMC Theatre conglomerate is taking a new stance on ticket pricing, changing the cost for moviegoers based on standard, prime, and value seating options. The change, called Sightline at AMC, will expand to all of its roughly 1,000 U.S. AMC Theatre locations by the end of this year.
MoviePass is back with a sequel and, counter to past fake-outs, this time it seems to be real.