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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

#71

Post by melq »

emodendroket wrote: post #59
losvedir wrote: post #49

Earlier quoted context omitted.

I saw Black Panther three times in theaters with my MoviePass because, well, why not? The only theater near me only has 5 screens (I live in a small town), so my wife and I end up with some repeat viewings. That said, I love MoviePass but know it's not sustainable. I wish they had rolled out these changes earlier. Something like no repeat viewings, 8 movies per month, different price depending on where you live (tick…

I can't see the appeal of watching a movie I literally just watched.

I'm not a big movie watcher but I definitely repeatedly consume other media. Music in particular, tv and print as well. If an album comes out that I like a lot, I'll often play it front to back a dozen of times in a week.

Re: SEC filing suggests MoviePass’ time is running out

#72

Post by cdelsolar »

emodendroket wrote: post #59
losvedir wrote: post #49

Earlier quoted context omitted.

I saw Black Panther three times in theaters with my MoviePass because, well, why not? The only theater near me only has 5 screens (I live in a small town), so my wife and I end up with some repeat viewings. That said, I love MoviePass but know it's not sustainable. I wish they had rolled out these changes earlier. Something like no repeat viewings, 8 movies per month, different price depending on where you live (tick…

I can't see the appeal of watching a movie I literally just watched.

because it was awesome?

Re: SEC filing suggests MoviePass’ time is running out

#73

Post by ghaff »

emodendroket wrote: post #5
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 could easily imagine myself signing up for a service like this and then forgetting about it for a month or two at a time.

You’ve pretty much described my usage of Netflix’ DVD rental plan and HBO streaming.

Re: SEC filing suggests MoviePass’ time is running out

#74

Post by dawnerd »

hkmurakami wrote: post #57
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…

Back when Titanic came out, some classmates of mine saw the movie 9 times in theaters. Abuse is likely a big factor but there are likely some honest actors in there too.

Question is, how do they know it’s abuse? I have a feeling they’re just using that as a catch all for all heavy users.

Re: SEC filing suggests MoviePass’ time is running out

#75

Post by [deleted] »

chollida1 wrote: post #3

That filing did hurt, the stock's gone from 1.35 at the open to 0.94 cents now. Heck the short sale rule is in effect for them now. Now they have to convince their customers to use the service less, while trying to increase the number of subscribers they get reoccurring revenue from . That's an almost sisyphean task. Even harder will be convincing one of the chains to buy them. I'm guessing that if we don't see an an…

[deleted]

Re: SEC filing suggests MoviePass’ time is running out

#76

Post by [deleted] »

jsgo wrote: post #42
coss wrote: post #19

Earlier quoted context omitted.

I really don't see how theaters haven't caught on and started a subscription service of their own. Just an obvious way to get people to the theater (multiple times) and by snacks.

because the subscription service that would serve as the blueprint seems to be on a trajectory towards bankruptcy? Unless you can get the vendors who sell theaters the digital film to reduce their prices for new releases, there is still an intrinsic cost to the movie itself that isn't going to be defeated by a small increase in snack purchases. Actually, I hear this being a big selling point (increased snack sales),…

[deleted]

Re: SEC filing suggests MoviePass’ time is running out

#77

Post by kevinmchugh »

nsomaru wrote: post #64
mattnewton wrote: post #58

Earlier quoted context omitted.

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.

s/condiments/confections Why buy them out though? Implementing a subscription on top of an existing service isn't that hard, is it?

The userbase would be worth something. Buying the moviepass user database gives whichever theatre chain first crack at converting a bunch of frequent customers before their competitors can.

Re: SEC filing suggests MoviePass’ time is running out

#78

Post by NegativeK »

dbatten wrote: post #60

Wasn't there some article a while back about how MoviePass was trying to have a big enough market-share in terms of movie-goers (read: popcorn and soda revenue for theaters) to be able to start pushing theaters around? In other words, they could say to theater companies "hey, maybe you should think about giving us tickets at a discount so you don't lose out on that sweet sweet concession money." Or maybe even play on…

They explicitly tried that with AMC, by denying customer access to the top ten AMC theaters in the US to prove that Moviepass has market pull.

I found out in the lobby of the AMC, bought my own damn ticket, and mulled over cancelling Moviepass for two weeks. AMC didn't blink, though, so those theaters were re-enabled right before I was about to switch to Sinemia.

Re: SEC filing suggests MoviePass’ time is running out

#79

Post by xigency »

vm wrote: post #52

Reminds me of Classpass and it's business model evolution. Sounds like they have transitioned well after spending significant capital. http://money.cnn.com/2018/03/01/technology/classpass-credit-...

If they had the same kind of investment support, hype, and customer satisfaction as Uber, they might be really successful. But it doesn't sound like they have any of them.

Uber is getting support from everyone to subsidize the cost of rides. And the ploy is to wait until self-driving cars are viable. I guess the market is saying that movie theater chains can hold out against bargaining for longer than that.

Re: SEC filing suggests MoviePass’ time is running out

#80

Post by bpicolo »

djrogers wrote: post #67
dbatten wrote: post #60

Wasn't there some article a while back about how MoviePass was trying to have a big enough market-share in terms of movie-goers (read: popcorn and soda revenue for theaters) to be able to start pushing theaters around? In other words, they could say to theater companies "hey, maybe you should think about giving us tickets at a discount so you don't lose out on that sweet sweet concession money." Or maybe even play on…

That's addressed toward the end of the article - basically the AMC CEO calling the pricing Moviepass wanted 'ridiculous', and saying it's not sustainable.

He's not wrong
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