11:55 AM EDT, 06/20/2024 (MT Newswires) -- Comcast's ( CMCSA ) consumer venture group, Forecast Labs, has invested in MoviePass, the subscription-based movie ticketing service provider said Thursday.

MoviePass said Forecast Labs will use television advertising to help attract new customers for MoviePass as part of the investment.

The deal follows the first profitable year of MoviePass, which features 3,500 theater locations across the US, the company said.

Financial details of the investment were not disclosed.

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