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- MoviePass is getting in the movie distribution business with the Sundance hit, “American Animals,” coming to theaters in June.
- It is teaming with The Orchard to release the movie.
- MoviePass is an equal partner in the release, paying for half the movie with The Orchard and will be splitting half of the box office, a source told Business Insider.
- “American Animals” director Bart Layton told Business Insider that the movie would be released even if MoviePass were to go out of business.
At this year’s Sundance Film Festival, MoviePass announced the launch of a distribution arm of the company, called MoviePass Ventures. The plan was for the monthly movie-ticket subscription service to start teaming with film distributors to buy titles for theatrical release.
Days later at the festival, MoviePass announced it was working with The Orchard (“Cartel Land”) to buy North American rights to one of the festival’s acclaimed selections this year, “American Animals,” a narrative/documentary hybrid that follows a group of friends who attempt to pull off an elaborate heist.See the rest of the story at Business Insider
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- An inside look at how MoviePass will make money distributing movies, and what will happen if the company goes bust
- MoviePass said a $ 300 million lifeline could sustain it for over a year, but that money could slip through its fingers
- Insiders say MoviePass is both a blessing and a curse to independent movie theaters