Rumpot

https://entertainment.theonion.com/cash-strapped-moviepass-limiting-new-users-to-one-movie-1826085096/amp?__twitter_impression=true

When it comes to Netflix everyone is focused on revenue alone and not that they have very negative cash flow and a ton of debt. Meanwhile movies in cinema release are gauged on profitability. The Netflix experiment is not over. You may think they can turn a switch and start making money by raising prices/reducing costs at some point and maybe they can and they become wildly profitable BUT at this time they are not. Interest rates are rising and their debt payments are getting bigger. We'll see. If theaters were afforded the same benefit of the doubt (by the stock market) that they allowed theaters to lose a ton of money to just grow users then they could price subscription fees very low and grow users quickly. Unfortunately if investors don't buy in to your longterm vision and want to see profitability now then it really doesn't matter how happy moviegoers are

Haha they were charging $8 peak pricing at a theater where movie tickets cost $2.50

This company is so stupid. What's to keep a person from grabbing a ticket to whatever is not surge pricing and walking into whatever they want (assuming it's not full)? Will they next want video of you watching the entire movie? But in the end the people who ran this moviepass hype cycle made millions. They didn't need this to succeed to do it. They only needed to hype it enough to get naive investors to buy in for a time

Hey, not bad call if I do say so myself. 5-6 weeks it is

I would DEFINITELY cancel and notify your credit card company. I think those unfamiliar with equities don't fully realize just how shady this company was. Imagine being fooled into buying their stock at $35 a few months ago and it now being 2 cents. $100,000 would turn into about $50. The CEO of this company meanwhile paid himself millions and has done this before with several other companies he started. Protect yourself. I have no doubt they will keep billing even when you can't use it

Was about to post the same thing. Fork in it. The "service interruption" yesterday was due to running out of money

This isn't "peak pricing." They just don't have money to pay for these movie tickets so...they are taking it.

Incredibles down only ~11.3% from last week

The stock is down to the prior equivalent of under 3 cents! After the 250 to 1 reverse split at $0.09 it has fallen from $22.50 to $7 in less than 2 days. They have no way to pay for these movie tickets now because they can't sell their stock (no one wants it) so they are making the subscribers pay for it. I guess you can say moviepass technically isn't dead yet, but I argue that yes $7.95-9.95/month moviepass IS dead. If you continue to use it as you did before then you're gonna pay > $20/month. As soon as my sinemia runs out I'm probably going to switch to A-list

HMNY (Moviepass) stock was at 0.09 then today they did a 250:1 reverse split such that if you had 250 shares you now have 1 (this makes investors very happy as you'd think...). This took the stock from $0.09 to $22.50 instantly but it is already down to $13 mere minutes later. Best advice : Do not touch any Moviepass subscription beyond month to month!

Really enjoyed equalizer 2.

I guess we will see if there are still 1.2B worth of extremely stupid investment dollars out there. The shares are 20 cents so they would need to sell 6 billion shares...haha

Oh, I see how this works. Let me give it a try "I can't wait to see all the meltdowns when [movie = Ant-Man 2] opens less than [Number that is not unprecedented, but is very unrealistic for this movie = 200M]" [End with face icon showing amusement/making fun of group that doesn't exist, but will serve to annoy others]

http://www.businessinsider.com/moviepass-has-deep-ties-to-indian-company-accused-of-fraud-2018-6 More great news for these chumps

The problem is they can make a surcharge anything they choose. They don't have any data about how full a theater is...expect them to just apply surcharges on any popular movie.

Man...I really didn't like it...I think it's going to have difficulty connecting with fans of this series (I'm not a fan perse but I did at least get some basic enjoyment out of JW1)

Put another way - the people paying for your movie tickets are now broke. Paid for the tickets and got nothing back

Never said a set date before. And what's funny?...the stock is 30 cents, man. Even the most basic awareness of equity should tell you it's over. The money has been taken from investors every few months for life support. At a sub $1 stock it objectively IS over. I'm betting the fumes last 6 weeks tops.

HMNY filings are extremely deceptive. They cherry pick data/time intervals to show whatever they want*. Their base has a high % of very heavy users...and there is no chance they are only watching 1.5 movies per month. Defies reason. *When they want to feign traction then they boast about the large % of box office their service made up for instance -when this next dumping of shares comes out then we can look at the fine print in the filing.. It's not gonna be good. And I think it'll be the last one. Then it's over. I'm gonna put a stake down here and say they don't make it through July

Everyone will "switch" from Moviepass when it disappears which will be very soon. And the main reason it failed is obvious. They paid $100+ per month to make $10 or less. Furthermore all they are is money added to a friggin Mastercard. They did not enhance moviegoing in any way - in fact they restricted ticket buying, etc. The ONLY thing they did is pay for it. They stole money from investors and paid for people to go to the movies...comparing it to any other model such as AMC or any other theater chain is silly and won't matter very soon

haha, yep. They are implying they weren't motivated by profit...just wanted people to see more movies. I wonder how their shareholders that lost 99%+ of their money would feel about that. I tend to think they were in it to make money. If they wanted to give money away, even the people on this website can agree ,there are more worthwhile charities (than a middle-class movie welfare plan)...

Check out @MoviePass’s Tweet: Haha, losers

Won't have a choice. Sinemia maybe. Moviepass is desperately trying to raise money with a 20 cent stock...

Moviepass is toast.