171–180 of 245 posts
This dude stole my startup idea: https://news.ycombinator.com/item?id=16945451
Anyone care to share great examples of these MoviePass-like businesses right now so we can enjoy the savings?
Hmm you laugh, but if you could sell dollar bills at $0.75 but you limited the amount any person could buy. And you made them look at advertising, and collected all sorts of personal info on them. You could easily quite a bit of money off them. More then what you lose in selling the dollar bills at a loss.
My economics professor auctioned $1. Someone bought it above par.
https://en.wikipedia.org/wiki/Dollar_auction
"players are compelled to make an ultimately irrational decision based completely on a sequence of apparently rational choices made throughout the game."
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They got lucky and secured a line of credit right before the bust.
That was a dark time. I was living and working near Seattle, and there were basically seven big employers for techies: * Microsoft * Boeing * T-Mobile * WaMu * Amazon * Concur * Real Networks And three of the seven were in severe financial distress. It was like, "hmmm is it time to leave Seattle?"
https://static.seattletimes.com/wp-content/uploads/2017/04/c...
> The king of money-losers, of course, is Amazon, which went years without turning a profit. Instead, it plowed billions of dollars back into its business The key difference with Amazon is that Amazon could choose to be profitable at any time- just raise prices ever so slightly, reducing growth in customer demand, and the stop building out its enormous logistics empire and new businesses. Amazon could have had profit…
It is even more basic than that. Amazon, Uber, Netflix, and almost any other successful and established business creates value. MoviePass is not creating value and is simply trying to purchase its way into being a middleman between theaters and theater goers. If their pricing structure ends up showing the slightest chance of generating more revenue for the theater industry as a whole, there is nothing stopping the th…
I can go to any movie I want at any local theater. That is a lot better than subscribing to five different plans, one for each theater.
For starters many small business do the same, take years to profit, the owner works at a loss if you include their wages and most fail.
MoviePass is a brilliant idea. Get people to the movies again in bulk for a moderate increase in the money they pay per month.
Cinemas are mostly well below capacity and losing customers with pre owned assets so it's theoretically a brilliant idea.
The current implementation seems strange but why do we "WANT" it to fail! It can work for everyone.
The real baddies here are the cinemas who won't play ball with MoviePass and give any discounts.
This could be great, people go out more, theaters make more money and MoviePass doesn't fail.
Just five days after MoviePass declared that it would acquire films through a new subsidiary, MoviePass Ventures, the company has made good on the promise. Partnering with The Orchard, MPV will share the reported $3 million bill for North American rights to “American Animals,” the first narrative feature from BAFTA and Sundance Grand Jury Prize-winning documentarian Bart Layton (“The Imposter”). A U.S. Dramatic Competition contender at Sundance, “American Animals” premiered there January 19, hours after the MoviePass announcement.
Full article: http://www.indiewire.com/2018/01/moviepass-the-orchard-acqui...
Trailer: https://www.youtube.com/watch?v=SKvPVvy2Kn8
I saw the trailer for that movie and had to pause it to make sure it said MoviePass. The movie looks like something I'd like and I'm looking forward to seeing it in the theater with MoviePass. I like to see MoviePass movies with MoviePass, dawg.
I think the $10/month thing is a marketing stunt. Don't forget they hired Mitch Lowe who was an executive at Netflix and Redbox as CEO in 2016. I would say there's some method to the madness here. They're gaining a lot of insights and a lot of users. I would still pay $10/month even if they limited it to 4-5 movies per month.
Also, don't forget about the tech. MoviePass has built out a system that I am still fascinated by where you can check in for a movie and your pre-paid debit card is instantly funded for enough to cover the price of a ticket. I know it's nothing earth shattering but as a nerd I get a little giddy thinking about it whenever I use it.
It will be interesting to see how it all plays out. I think they're playing a long game.
VC bucks creating discounts is about the only form of wealth redistribution we [the U.S.] can count on these days.
Not quite. The US is currently undergoing a renaissance of successful government programs that have massively cut poverty and homelessness over the last 15 years. "Child Poverty Falls to Record Low [nearly a 50% reduction since 1967], Comprehensive Measure Shows Stronger Government Policies Account for Long-Term Improvement" https://www.cbpp.org/research/poverty-and-inequality/child-p... "The U.S. Social Safety Net H…
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No, I think the key difference with Amazon is that they aren't losing money on each individual transaction - ie selling everything at a loss. Amazon's non-profits were due to aggressive reinvestment, not pricing.
Exactly! It's the difference between losing money on a macro-level and losing it on a micro-level. You can't lose money on every transaction and make it up in volume, as the old joke says. But you can make money on every transaction and choose to invest it in expansion, so that you lose money overall.
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Agreed, and Gemini is not well known enough... it's basically no fees for most users moving between USD and BTC, and it's legit, based in NYC and follows all of the NY state regulations on crypto.
Gemini recently increased fees to 1% so it's now far more expensive than GDAX.
