MoviePass launches a new division to acquire and distribute movies

At a panel during the Sundance Film Festival today, MoviePass announced a new subsidiary called MoviePass Ventures, Deadline reports. The new division will acquire and release movies with the help of a film distributor.

“Given the successes we have demonstrated for our distributor partners in ensuring strong box office in the theatrical window, it’s only natural for us to double down and want to play alongside them — and share in the upside,” MoviePass CEO Mitch Lowe said in a...

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