MoviePass Owner Sued by Shareholders as Business Model Falters
1–10 of 108 posts
Re: MoviePass Owner Sued by Shareholders as Business Model Falters
#2Why does this resemble a bailout?
Re: MoviePass Owner Sued by Shareholders as Business Model Falters
#3Damn. 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.
Re: MoviePass Owner Sued by Shareholders as Business Model Falters
#4Damn. 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.
> 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.
Re: MoviePass Owner Sued by Shareholders as Business Model Falters
#5Damn. 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.
> 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...
Re: MoviePass Owner Sued by Shareholders as Business Model Falters
#6I 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.
Re: MoviePass Owner Sued by Shareholders as Business Model Falters
#7> 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 for $9.99. To claim ignorance here as an investor just seems negligent.
Re: MoviePass Owner Sued by Shareholders as Business Model Falters
#8Damn. 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.
The chains are building their own subscription services that will be more limited, but likely with fewer glitches. AMC now has some sort of 3 movies / week for $20 per month.
In the meantime, I’m trying to get a few last screenings in on my 1 yr MoviePass subscription!
Re: MoviePass Owner Sued by Shareholders as Business Model Falters
#9> 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.
Re: MoviePass Owner Sued by Shareholders as Business Model Falters
#10In 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 it. Maybe somehow they tie it to concessions sales in that you can get 19.99 a month or something if you aren't buying concessions but 14.99 or 9.99 with limited movies if you are buying concessions and that is tracked through the card. At that point it is a loyalty/rewards program and you could go to the theaters with ROI in that the customers you bring in are x% concessions buyers for x amount. Seems like an easier sell hooked to concessions sales.
Theaters pay between 5-20k per film per week and make almost nothing from ticket sales, if not lose some depending on the distributor and if they are first run theaters. Theaters NEED concession sales more than ticket sales.
It seems a service that allows free movies that ties pricing to concessions would do better. Or, we'll just be stuck with theater bound movie services which is essentially a local theater only rewards program.