InvestorsHub Logo
Followers 2
Posts 140
Boards Moderated 0
Alias Born 01/20/2018

Re: None

Thursday, 12/13/2018 2:16:19 PM

Thursday, December 13, 2018 2:16:19 PM

Post# of 52211
Revenue of $400 million: Staying In Business: MoviePass CEO Mitch Lowe.

“Last year, we did about $20 million, and this year we’re going to do between $300 and $400 million, and with that we have seen all kinds of problems. We thought that we were still in a kind of test and learn mode, but it turned out that millions of people loved what we have to offer. In fact, we were the fastest growing entertainment subscription service, faster than Spotify, Netflix, and so on. With Netflix, it took us 38 months to get to 1 million subscribers. With MoviePass, we did it in four months.”



https://www.entrepreneur.com/article/324430