We recently reported on the Moviepass announcement that the company would now limit subscribers to seeing only four movies a month under the current plan, as a method of trying to reduce the sea of red ink the company finds itself contending with. Now, the web site Wired reports that the company has reverted back to its initial program that allows subscribers to see one movie a day, every day of the month in return for a $9.95 monthly fee. The service has proven to be wildly popular in America and over two million members are now on board. However, the company has not succeeded in its goal of getting theaters to share revenue from concessions, which is crucial to the ability of Moviepass to survive as a viable entity. Meanwhile, the company has told Wired that recent problems with the AMC movie chain have now been resolved. Click here for more.
(Thanks to subscriber Karen Keithler for the alert.)