MoviePass is raising the price of its standard plan

MoviePass' money woes seem to have caught up with the company in a big way lately. Last week, the company ran out of money, causing service outages that forced the company to borrow an emergency $5 million. Service issues continued through the weekend and now the company has announced some new measures aimed at keeping its business afloat -- the main one being a price increase.

MoviePass announced today that its standard one movie per day plan will increase from the current $10 per month to $15 per month. That change will go into effect "within the next 30 days" according to MoviePass. Additionally, tickets to first run movies opening on at least 1,000 screens will be limited for the first two weeks.

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Source: MoviePass



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