Earlier quoted context omitted.
Buying its tickets at retail cost is crazy...
It's all about Failing Fast and Failing Often in today's world of silly business sayings.
Or as we used to say, anyone can sell a dollar for ninety cents.
SEC filing suggests MoviePass’ time is running out
81–90 of 119 posts
Re: SEC filing suggests MoviePass’ time is running out
#82Earlier quoted context omitted.
Since MoviePass buys it tickets at retail costs, a single heavy user is exceptionally costly. Imagine someone who purchases a $15 ticket 25 times a month for a total of $375. MoviePass would need something like 40 users paying $10 a month who barely use the service in order to offset that single user. It therefore isn't surprising that MoviePass is making changes to curtail those heavy users. Even if only something l…
Buying its tickets at retail cost is crazy...
Their plan is to make it up in volume, clearly.
Re: SEC filing suggests MoviePass’ time is running out
#83Wasn'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…
Yes. From http://deadline.com/2018/01/moviepass-lack-of-amc-theatres-c... :
> On Thursday, MoviePass shaved 10 of the busiest AMC locations off its app in an effort to take a hard position against the nation’s largest movie theater chain. MoviePass is seeking a $3 cut on AMC tickets that it covers, plus 20% of concessions given the foot traffic it sends to AMC (a total estimated at about $2 million a week, per MoviePass insiders).
I believe further analysis showed that the "$2 million a week" was ridiculously inflated.
Re: SEC filing suggests MoviePass’ time is running out
#84Earlier 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.
Sometimes I fall asleep and have to go see the movie again.
Re: SEC filing suggests MoviePass’ time is running out
#85Earlier 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.
Yes, I saw that, but the article seems to suggest that they're being disingenuous.
I know several MoviePass subscribers who do this. Apparently, if you purchase at the theatre with your MoviePass then MP counts the purchase as 'that day', but the ticket kiosk lets you select a future date and MP is none the wiser regarding the details of the purchase. People who pass by a theatre on a regular basis (on the way to work, the gym, etc) can simply collect up a batch of tickets for a future showing and then take a bunch of friends.
Re: SEC filing suggests MoviePass’ time is running out
#86Reminds 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.
...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 working.
Re: SEC filing suggests MoviePass’ time is running out
#87Re: SEC filing suggests MoviePass’ time is running out
#88Earlier 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.
It's pretty common to notice new details when reviewing things, where you don't need to focus on the same details you did last time.
Foreshadowing is all over in movies, as well as artifacts of cut subplots/scenes. Re: /r/moviedetails
Re: SEC filing suggests MoviePass’ time is running out
#89In 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.
If Regal bought moviepass and sent an email that everyone was now a "Regal Subscriber" for 9.99 a month I'd be completely happy.
Re: SEC filing suggests MoviePass’ time is running out
#90Earlier 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.
Some people enjoy reveling in the details they missed the first time around. Different strokes for different folks.