MoviePass has hit 3 million paid subscribers, but its growth has slowed

Business Insider | 6/13/2018 | Jason Guerrasio
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MoviePass announced it has passed the 3 million paid subscribers mark.

However, growth for the movie ticket subscription service is slowing.

Weeks - Subscribers - Mark - Weeks

It took seven weeks for it to go from 1 million paid subscribers to 2 million. To get to the 3 million mark, it took 18 weeks.

On Wednesday, MoviePass announced it had surpassed 3 million paid subscribers for the service. It's also projecting that by the end of the year, it will top the 5 million subscriber mark.

Growth - Movie - Theater - Ticket - Subscription

But the growth for the movie theater ticket subscription service has slowed down. It took seven weeks for MoviePass to go from 1 million paid subscribers to 2 million. To get to the 3 million mark, it took 18 weeks.

Here's a chart that shows that:

Company - MoviePass - % - US - Box

However, the company boasts that MoviePass now represents more than 5% of US box office receipts.

The owner of MoviePass, Helios and Matheson Analytics, continues to expanded the MoviePass brand. Following the...
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