New MoviePass Downloads Keep On Decreasing

Things have been better for MoviePass. After an explosion of membership last year starting with its $9.95/month deal, it became clear that their business model was unsustainable. Things have been falling through for more than a month or so, and as it stands, it’s kind of a crapshoot whether or not a movie you want to see with their service will actually be covered.

This bad press hasn’t gone unnoticed. As we’ve reported in the past, more than half of its members have wanted to leave (though the current status of those fans is unknown), but that may not be the big problem MoviePass will face. Not only will they lose their current customers, but potential new users will avoid it like the plague.

RELATED – Half Of MoviePass Customers Want To Cancel Their Subscriptions

Well, we don’t even have to wait for that to start happening, because there has been a decrease in new app downloads since June. According to the survey Sensor Tower, they have found that new app users have dropped from 330,000 in June to 80,000 in August. This is a 67 percent drop, but it also means they have a -19 percent growth rate for the 2018 year. Ouch.

Is this really the end of MoviePass? I think it probably is, but as a past supporter of this service, it’s very clear that I don’t know what the hell I’m talking about sometimes. The industry is unpredictable, so who knows if they’ll be able to pull something off down the line!

Do you think MoviePass will be around for much longer? Let us know down below!

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SOURCE: Sensor Tower

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