MiniMax's video generator — cheap-looking credit tiers and fast renders from a newly public $13B company.
Best for: High-volume creators chasing the lowest advertised cost per clip among major video generators
Where it falls short: Real cost per finished HD video is opaque — premium models can burn through Standard's 1,000 monthly credits in a handful of clips
What you actually get
Text-to-video
Image-to-video
Credit-based
Priority queue
Pricing history
Sep 2024
MiniMax launches Hailuo AI video generation
Jan 2026
Parent company MiniMax lists on the Hong Kong Stock Exchange (~$13B valuation)
2026
Adds Ultra & Max tiers with native-audio Hailuo 02 model access
Aug 2026
Master tier price raised from $94.99/mo to $119.99/mo (credits unchanged at 10,000/mo)
Sep 2026
Master tier price reverted from $119.99/mo back to $94.99/mo, plus a $63.99/mo limited-time promo
Oct 2026
Hailuo 3.0 launch raises monthly credits on Master (10,000→10,500) and Max (20,000→27,000); prices unchanged
Should you pay for it?
The entry plan at $14.99/mo is the realistic on-ramp. Anything above that is for power users.