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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

#21

Earlier quoted context omitted.

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

I don't get this since MoviePass can only be used once per day.

Since you can buy tickets in advance, people were buying tickets on different days for a future showing.

Re: SEC filing suggests MoviePass’ time is running out

#22

Earlier quoted context omitted.

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

I don't get this since MoviePass can only be used once per day.

That only prevents people from going to see the movie with their friends after buying their ticket. People oculd still buy tickets for their friends to go separately.

Re: SEC filing suggests MoviePass’ time is running out

#23
post #21

Earlier quoted context omitted.

I don't get this since MoviePass can only be used once per day.

Since you can buy tickets in advance, people were buying tickets on different days for a future showing.

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

Re: SEC filing suggests MoviePass’ time is running out

#25
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.

There's an important selection effect: these are people who bought MoviePass, which means they expected to watch more than one movie a month. That means people who do rewatch movies (like me, or my wife) are going to be wildly over-represented. And people are much more like to re-watch when the marginal cost is ~$0 instead of ~$20

Re: SEC filing suggests MoviePass’ time is running out

#27

> 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…

> Who are these people seeing the same movie multiple times during its initial theater run?

I just logged into MP last weekend and there was a pop-up reminding us that accounts were not to be shared in addition to the new, "you can only see a movie once" rule. Total speculation, but my guess is that a good chunk of that was people sharing accounts.

Re: SEC filing suggests MoviePass’ time is running out

#28

> 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…

When they announced the policy change last week, I saw some tweets along the lines of: "I love contributing 15$ to Black Panther's global box office total every time I want to use the slightly nicer bathroom at the mall."

Re: SEC filing suggests MoviePass’ time is running out

#30

> 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…

> Who are these people seeing the same movie multiple times during its initial theater run? I just logged into MP last weekend and there was a pop-up reminding us that accounts were not to be shared in addition to the new, "you can only see a movie once" rule. Total speculation, but my guess is that a good chunk of that was people sharing accounts.

Sorry if it wasn't clear, but yes, that is my thinking too.
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