No price hike, but new caps on MoviePass discount tix plan

No price hike, but new caps on MoviePass discount tix plan
FILE- In this Jan. 30, 2018, file photo, Cassie Langdon uses to her phone to launch the MoviePass app to see what movies are available at AMC Indianapolis 17 theatre in Indianapolis. MoviePass, a discount service for movie tickets at theaters, is walking back a planned 50 percent price increase following a subscriber backlash. But it will soon impose a cap of three movies per month, instead of one every day. (AP Photo/Darron Cummings, File)

NEW YORK (AP) — MoviePass, a discount service for movie tickets at theaters, is walking back a planned 50 percent price increase following a subscriber backlash. But it will soon impose a cap of three movies per month, instead of one every day.

The company says the new plan will include “many major studio first-run films.” It’s not immediately clear whether MoviePass is completely rescinding a recent policy of barring viewings of most major releases during the first two weeks.

MoviePass has grown to 3 million subscribers, from about 20,000, since it slashed monthly rates nearly a year ago to , from as high as .

Because MoviePass typically pays theaters the full cost of tickets — or more in big cities — a single movie can put the service in the red.