MoviePass parent Helios and Matheson HMNY, -20.00% announced it would be raising its monthly subscription fee to $14.95 from $9.95 in the next 30 days as part of a cost-reduction plan. The company said it would also limit the availability of first-run movies during the first two weeks of release on over 1,000 screens. MoviePass has experienced service issues in the past few days, most notably over the weekend when users complained of being unable to watch "Mission: Impossible -- Fallout." Shares of Helios and Matheson rose 127% after the news broke, but shares have fallen 100% so far this year. The S&P 500 SPX, +0.29% has gained 5.3%.