SEC filing suggests MoviePass’ time is running out

Post by crowbahr » Wed, May 09, 2018, 4:46 PM UTC

scrooched_moose wrote: post #8

dwighttk wrote: post #2

It doesn't seem to be the sort of thing that even has a chance of being profitable... The only reason to join is to save money on tickets, the only way they make money is if people spend more on membership fees than the tickets they buy.

I feel like they're just waiting to gut the service (4 movies a month, or less) and hoping enough people stick around that they're better off. Before the price drop they were taking in about $1 million/month (20,000 subs at $50). They're over ~2~ 4 million subscribers now at $10/month. If they have even a 5% retention rate they'll have increased their revenue to $2 million/month.

Post by emodendroket » Wed, May 09, 2018, 4:49 PM UTC

meestaahjoshee wrote: post #11

emodendroket wrote: post #7

> When the company changed those rules to limit subscribers so they could only see a given movie once, no matter how long it runs in theaters, a support ticket stated, “we hope this will encourage you to see new movies and enjoy something different!” It turns out that was a blatant effort to cut costs, with today’s filing explaining that the move “enabled us to reduce our cash deficit during the first week of May 201…

> the company has also said that the goal was to prevent people from using MoviePass to buy tickets for friends who aren’t subscribers.

Post by jiveturkey » Wed, May 09, 2018, 4:55 PM UTC

emodendroket wrote: post #15

cletus wrote: post #10

Earlier quoted context omitted.

"Abuse" is a strong word and the quote you've given addresses this when it says: > ... whose astounding box-office performance is driven by repeat visits I think you underestimate how often people will see the same movie. Getting tickets for your friends for MoviePass is a whole separate issue (and clearly abuse). But is seeing the same movie more than once "abuse"? That's more debatable. But repeat viewings clearly…

If more than one-third of their ticket purchases are repeat viewings I find it really hard to believe anywhere near half of those are genuine, rather than tickets purchased for someone else. Anyway, it seems like a completely reasonable restriction to not allow someone to see the same movie more than once.

Post by cletus » Wed, May 09, 2018, 4:57 PM UTC

emodendroket wrote: post #15

cletus wrote: post #10

Earlier quoted context omitted.

"Abuse" is a strong word and the quote you've given addresses this when it says: > ... whose astounding box-office performance is driven by repeat visits I think you underestimate how often people will see the same movie. Getting tickets for your friends for MoviePass is a whole separate issue (and clearly abuse). But is seeing the same movie more than once "abuse"? That's more debatable. But repeat viewings clearly…

If more than one-third of their ticket purchases are repeat viewings I find it really hard to believe anywhere near half of those are genuine, rather than tickets purchased for someone else. Anyway, it seems like a completely reasonable restriction to not allow someone to see the same movie more than once.

Post by teraflop » Wed, May 09, 2018, 4:58 PM UTC

emodendroket wrote: post #7

> When the company changed those rules to limit subscribers so they could only see a given movie once, no matter how long it runs in theaters, a support ticket stated, “we hope this will encourage you to see new movies and enjoy something different!” It turns out that was a blatant effort to cut costs, with today’s filing explaining that the move “enabled us to reduce our cash deficit during the first week of May 201…