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SEC filing suggests MoviePass’ time is running out

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Re: SEC filing suggests MoviePass’ time is running out

#111

Post by jonny_eh »

gamblor956 wrote: post #32
jonny_eh wrote: post #23

Earlier quoted context omitted.

You've only ever been able to buy tickets for showtimes on the same day they were bought.

You need to tell MoviePass that you're buying a ticket for that day, and they load the money onto a debit card. You can then use that money to buy whatever ticket you want. Because of that, MoviePass recently began requiring people to take photos of the tickets they buy. This introduced a new step to the process: now, you need to buy a ticket, take a photo for MoviePass, and then exchange it for the ticket you actual…

Funny, I never thought to do that.

Re: SEC filing suggests MoviePass’ time is running out

#112

Post by patmcc »

dawnerd wrote: post #70
patmcc wrote: post #48

Earlier quoted context omitted.

>>Getting rid of repeats saving 35% seems to point to some pretty widespread abuse. Who are these people seeing the same movie multiple times during its initial theater run? I wouldn't be surprised if there were people (especially those that buy MoviePass, I'd expect them to be movie fans) that see big blockbusters two or three times. But yeah at 35% savings that's gotta be largely abuse.

I don’t think it’s largely abuse. Some of us wanted to go again with another group of friends. Example, I saw jumanji alone, liked it enough I brought some friends and watched it again. Star Wars was the same way. I’m fine with them removing it since I’m still getting way more from the service than I’m putting in, but I don’t want to be called an abuser for doing what their own terms said I could do.

Oh, I want to be clear - I don't think it's abuse at all to use it as you describe - even if you want to go to the same movie every day that seems completely fine to me. Abuse would be getting the ticket using MoviePass and then giving it away/selling it to someone else.

Re: SEC filing suggests MoviePass’ time is running out

#113

Post by pjc50 »

IncRnd wrote: post #110
pjc50 wrote: post #81

Earlier quoted context omitted.

Or as we used to say, anyone can sell a dollar for ninety cents.

You win! That's definitely a fast fail.

The phrase is not my invention :) it or something like it was about during the first dotcom boom, said about companies like webvan and pets.com

Re: SEC filing suggests MoviePass’ time is running out

#114

Post by emodendroket »

compsciphd wrote: post #108
emodendroket wrote: post #37

Earlier quoted context omitted.

When I referred to abuse what I meant to say is that the number of repeats suggests that a great many ticket purchases are not for the subscriber.

There are a handful of movies that are not surprises, but just fun to watch. Avengers, TLJ, Black Panther, Greatest Showman are all movies that someone can enjoy watching more than once.

There are many movies I've watching twice or even many times, but I'll usually give it some time.

Re: SEC filing suggests MoviePass’ time is running out

#115

Post by xref »

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…

I've still got my 4 ticket stubs from seeing Star Wars: The Phantom Menace repeatedly.

(cut me some slack in 1999 Star Wars had a ton of goodwill and excitement built up, we couldn't know what the Prequel Era would end up being :)

Re: SEC filing suggests MoviePass’ time is running out

#116

Post by vincentmarle »

mattnewton wrote: post #58
vincentmarle wrote: post #41

In the Netherlands we have our own “MoviePass” (called Pathé Unlimited) started by the country’s biggest theater chain (Pathé) since the early 2000s, so the concept is definitely not new to us, I was actually surprised to learn that Cinemark didn’t have their own subscription model when I moved here since it worked really well in Europe (both for customers and for Pathé). The reason why the model works for Pathé and…

S/condiments/concessions? Thanks for the take, that makes a lot of sense. Maybe movie pass will be bought / cloned by a theatre chain here.

Yes concessions, sorry, my non-native-English brain knew it was con-something.

Re: SEC filing suggests MoviePass’ time is running out

#117

Post by emodendroket »

thedufer wrote: post #109
emodendroket wrote: post #61

Earlier quoted context omitted.

You are right. Still, unless there was widespread purchasing of tickets for non subscribers going on, I would expect the effect of that change to be a blip, not a substantial drop in their cash deficit.

Unless you know more than us about their deficit, we can't really say how big this was. If they were spending 101% of revenues, for example, 35% off their deficit _is_ a blip.

I'm just going by this article, but it also suggests their financial situation is so dicey they are in danger of shutting down soon, so that seems unlikely.

Re: SEC filing suggests MoviePass’ time is running out

#118

Post by rossdavidh »

vm wrote: post #102
rossdavidh wrote: post #86

Earlier quoted context omitted.

...and last I heard, Uber had a very high (>90%) annual churn rate in drivers, so if their flow of new victims slows (like a virus up against too high a percentage of the population with immunity now), they may not turn out as well in the end. It might suggest why Uber is maybe pushing to get self-driving cards as fast as possible; they may know they don't have all the time in the world before the current model stops…

curious where did you see that >90% driver churn data? many drivers I speak with have been driving with uber / lyft for years (in SF)

I believe I first saw it here: https://www.cnbc.com/2017/04/20/only-4-percent-of-uber-drive...

Re: SEC filing suggests MoviePass’ time is running out

#119

Post by cdelsolar »

emodendroket wrote: post #93
matte_black wrote: post #91

Earlier quoted context omitted.

What you will understand someday in life is that as we grow older, we have less desire to explore new things, and prefer to revisit familiar things while we still can.

Watching the same movie three times in a week (which has just come out and so can hardly be a nostalgic favorite) is taking that to a bit of an extreme, more reminiscent of the viewing habits of a child.

lol
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