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09:12 AM EDT, 06/13/2018 (MT Newswires) -- Helios and Matheson Analytics Inc(HMNY) said MoviePass has exceeded 3 million paying subscribers since announcing its low-cost subscription plans in August 2017. Helios owns a majority stake in MoviePass.

It estimates the service will exceed 5 million paying subscribers by the end of 2018. MoviePass currently represents more than 5% of total US box office receipts, with its peak weeks nearing 8% of box office, it said. When actively advertising select films to its subscribers, box office receipts have seen weeks push to over 30%, it said.

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