MoviePass is limiting customers to 3 movies per month

Moviepass.
(Image credit: Daniel Boczarski / Getty Images)

MoviePass is slapping yet another patch on its money-leaking company.

Subscribers will soon be limited to just three movies per month, CEO Mitch Lowe told The Wall Street Journal on Monday. That's quite a downgrade from MoviePass' current service, which lets users see one movie every day for a flat monthly rate. Last Monday, MoviePass said it would increase that monthly price to $14.95, but it will now remain at $9.95, Lowe said.

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Kathryn Krawczyk

Kathryn is a graduate of Syracuse University, with degrees in magazine journalism and information technology, along with hours to earn another degree after working at SU's independent paper The Daily Orange. She's currently recovering from a horse addiction while living in New York City, and likes to share her extremely dry sense of humor on Twitter.