Related: MoviePass brings back movie-a-day monthly plan
"AMC Stubs A-List is being taken to market at more than double the price of that charged by some of our competitors," Aron said in a conference call with investors, according to The Associated Press. "A good deal to consumers to be sure, but being done at a sustainable price point where we can be very confident that we will be profitable across the membership base and in turn, that we can share that increased profitability with our studio and premium format partners."
"Other discounters, by contrast, will continue to be hemorrhaging cash."
The latter comment is likely another dig at MoviePass, which was the subject of an April Business Insider report. In the report, an independent auditor for the company's owner expressed doubt that MoviePass could stay in business.
CNN reported that, according to AMC, MoviePass will still be accepted at all its locations.
MoviePass responded to the news in a couple of tweets, saying, "Heard AMC Theaters jumped on board the movie subscription train. Twice the price for 1/4 the theater network and 60% fewer movies. Thanks for making us look good AMC!
"AMC has repeatedly disparaged our model as a way to discourage our growth because all along they wanted to launch their own, more expensive plan. We want to make movies more accessible, they want more profit."
AMC’s AMC Stubs A-List program starts June 26.