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I think MoviePass has been successful in showing that the industry needs a shakeup. I dont know what their monetization model was, I dont think they knew what it was.
> MoviePass parent Helios & Matheson Analytics Inc. omitted and misstated its financial prospects in press releases when it touted a "sustainable" business model, the shareholders claim in lawsuits filed in Manhattan federal court. Is this for real? Any outsider could have seen that this model was unsustainable from the start, with the business buying tickets at full price and then selling them at an unlimited rate f…
I think MoviePass has been successful in showing that the industry needs a shakeup. I dont know what their monetization model was, I dont think they knew what it was.
> MoviePass parent Helios & Matheson Analytics Inc. omitted and misstated its financial prospects in press releases when it touted a "sustainable" business model, the shareholders claim in lawsuits filed in Manhattan federal court. Is this for real? Any outsider could have seen that this model was unsustainable from the start, with the business buying tickets at full price and then selling them at an unlimited rate f…
If the company actually made false statements, it would be illegal. They should have known better than to believe me is not a valid defence for securities fraud.
I think MoviePass has been successful in showing that the industry needs a shakeup. I dont know what their monetization model was, I dont think they knew what it was.
But every industry can be shaken up if you're willing to give things away effectively for free with VC money. I don't know if that translates to proving an industry needs a shakeup.
Earlier quoted context omitted.
If the company actually made false statements, it would be illegal. They should have known better than to believe me is not a valid defence for securities fraud.
True, if they actually lied, but I think saying "we have a sustainable business model" wasn't necessarily false, even if lots and lots of people thought they had no chance of success. The only way they could have succeeded is if they received sweet deals with theaters, which never happened.
Earlier quoted context omitted.
> But the chains can't stomach sharing the power Who is going to willingly let a middleman get between them and their customers? That would be crazy. AMC have already introduced a similar plan, so customers still get a win out of it.
Worked for Fandango...
In the end a service like MoviePass will be needed, noone wants one just tied to one theater chain most likely though it will be that way for a while if not indefinitely. It looks like this iteration of a movie service independent of movie theaters just won't be it. As it has been said, theaters are empty much of the time and they make major margins from their concessions. You'd think more of them would have gone for…
Damn. Been rooting for them. Theaters are practically vacant most of the time, so I'd think it would be a win-win. But the chains can't stomach sharing the power. Sounds like Movie Pass is all but done at this point.
However that was years ago and I don't think anything came of it. Ive always imagined there was some business rationale for the cinema to keep the ticket pricing static and just take the hit on the empty screenings.
> MoviePass parent Helios & Matheson Analytics Inc. omitted and misstated its financial prospects in press releases when it touted a "sustainable" business model, the shareholders claim in lawsuits filed in Manhattan federal court. Is this for real? Any outsider could have seen that this model was unsustainable from the start, with the business buying tickets at full price and then selling them at an unlimited rate f…
How would an outsider know if they had any kickback deals and/or if they were selling usage data or generating income some other way?