Venerdì, 19 Aprile, 2019

MoviePass launches movie theater subscription for $9.95 per month

MoviePass launches movie theater subscription for $9.95 per month MoviePass launches movie theater subscription for $9.95 per month
Acilia Dean | 16 Agosto, 2017, 20:29

Please, feel free to share your opinion on this development (argue AMC's stance) in the comments section below as I'm seriously struggling on this one. The deal is contingent on MoviePass reaching 100,000 active subscribers for at least one day in the year after the deal is finalized.

MoviePass has offered a similar "Offline Netflix" service for years, but never for lower than $30 per month, so this price point is a racial change.

H&M will pay $27 million for a 51% stake in MoviePass. "I$3 t is not yet known how to turn lead into gold", AMC said in a statement.

For $9.99 per month, MoviePass subscribers are allowed to go to any theater or showtime listed on its app, a maximum of once per day.

OK, "unlimited" is a bit of a misnomer.


"MoviePass will be paying the full price of every ticket sold at theaters, with the exception of IMAX or 3D", Farnsworth wrote. This means that MoviePass is buying the tickets at full price, but you only pay $9.99/month no matter how many MoviePass tickets the company buys for you that month. Otherwise, I can be patient enough to wait. But if you can complete the order, your golden ticket awaits.

The site and app still aren't working so great. And honestly, at $10 a month, there's not a whole lot of motivation to cheat the service.

MoviePass says it's accepted at 91% of theaters across the country. Lose a bunch of money, gain a bunch of customers, and sell that sweet, sweet data. Why would they accept this? The startup plans to drop the price of its movie-ticket subscriptions to $9.95 a month, starting Tuesday, according to Bloomberg. There is a way to make money there, but it's an untested model and AMC doesn't want to be part of it. Well, they probably aren't. "The more we understand our fans, the more we can target them", he explains. However, at least one theater chain's initial reaction is, shall we say, less than positive. Investors may be misinterpreting the MoviePass business model, Eric Wold, an analyst at B Riley & Co wrote in a note to clients. The company was recently acquired by Helios and Matheson Analytics.

"While AMC is not opposed to subscription programs generally, the one envisioned by MoviePass is not one AMC can embrace", the company's statement reads.

This is all insane and I'm sure you're trying to get on the site now, but of course its been down most of the day because of all the traffic. That's fine, and absolutely your choice to not use the service under those terms.

Consigliato

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