Captain Craig Posted July 7, 2019 Share Posted July 7, 2019 If Regal gets a subscription going I'll look into that. Had Movie Pass for a year and for the first 6mo it was great. Then they began altering their business plan every few weeks. I cancelled it at the year mark. Quote Link to comment Share on other sites More sharing options...
Ryan Reynolds Posted August 2, 2019 Share Posted August 2, 2019 Moviepass not dead yet, purchased a ticket today Quote Link to comment Share on other sites More sharing options...
Captain Craig Posted August 2, 2019 Share Posted August 2, 2019 Still alive!!! Quote Link to comment Share on other sites More sharing options...
MrPink Posted August 2, 2019 Share Posted August 2, 2019 Hopefully the Regal subs can give a jolt to the box office? Quote Link to comment Share on other sites More sharing options...
Porthos Posted August 7, 2019 Share Posted August 7, 2019 (edited) Ho-ly Shit. The definitive story of how a controversial Florida businessman blew up MoviePass and burned hundreds of millions (paywalled) (Business Insider) Utterly damning. These are the key bits that many long suspected: Quote (Mitch) Lowe dreaded the company's power users, those high-volume MoviePass customers who were taking advantage of the low monthly price, constantly going to the movies, and effectively cleaning the company out. According to the Motion Picture Association of America, the average moviegoer goes to the movies five times a year. The power users would go to the movies every day. "Before Mitch came on it was, 'How do we slow down those users?'" one former employee said. "With Mitch it was just, 'F--- those guys.'" Per Lowe's orders, MoviePass began limiting subscriber access ahead of the April release of the highly anticipated "Avengers: Infinity War," according to multiple former employees. They said Lowe ordered that the passwords of a small percentage of power users be changed, preventing them from logging onto the app and ordering tickets. Quote MoviePass was losing at least $40 million a month by the end of July 2018, in the midst of a record summer movie season. On July 26, the company ran out of money to load on MoviePass cards. Helios & Matheson borrowed $5 million in cash to get it running again, according to a filing with the SEC. Hollis Johnson/Business Insider But the temporary loss of cash led Lowe to make "Mission: Impossible — Fallout," among the most anticipated releases of the year, unavailable on MoviePass. He also ordered that half of subscribers be frozen out the weekend of its release, former employees said. Complaints once again appeared online, leading MoviePass to send out a tweet saying it was "working on a fix towards this technical issue." A company spokesperson said: "The week 'Mission: Impossible' was released, the merchant processor that funds the MoviePass membership card stopped advancing funds for the purchase of movie tickets for our subscribers. As a result the number of tickets we could purchase was greatly reduced." Quote Hui Chen, the first compliance counsel expert at the US Department of Justice, described Lowe's actions as "certainly unethical and could be illegal." "If a company is essentially interrupting its service on purpose so that the customers would not be able to use it as promised, that sounds like cheating to me," Chen said. "Without having any further knowledge I don't want to make a legal characterization to call it fraud, but it certainly sounds like it's cheating the customers. That kind of cheating is at least unethical and it's easily something that would be illegal with the right set of circumstances." Quote Per Lowe's orders, big blockbusters would no longer be available on the app. MoviePass also enforced what it called a "trip wire," an automatic shutdown mechanism for all users that would be activated if MoviePass went past a certain amount balance. If money ever ran out, subscribers would see the following message on the app: "There are no more screenings at this theater today." The trip wire started at a few million dollars, but eventually it wound down to a few hundred thousand. "It was a guessing game," said a former staffer. "There were some days we actually got all the way through without the trip wire going off." MoviePass did not respond to a request for comment on the trip wire. There's a lot more at the link, talking about how these guys got involved with MoviePass the first place and just what the founder of MoviePass (who was forced out before all of the above happened) is up to nowadays. Just an eye popping, if not surprising read. NB: The founder of MoviePass, Stacey Spikes, was against the $10m plan from the beginning, as he rightly saw it as wildly unsustainable. Just a wild read from start to finish. Edited August 7, 2019 by Porthos 3 Quote Link to comment Share on other sites More sharing options...
Ryan Reynolds Posted August 7, 2019 Share Posted August 7, 2019 I used moviepass 3 times in the past 7 days without any issue. But I don't expect them to last. Quote Link to comment Share on other sites More sharing options...
Porthos Posted August 7, 2019 Share Posted August 7, 2019 1 minute ago, Ryan Reynolds said: I used moviepass 3 times in the past 7 days without any issue. But I don't expect them to last. It talks a little bit about the current state of MoviePass at the end of the article: Quote Starting in late 2018, tens of thousands of subscribers began canceling the service. In April, after much of MoviePass management was fired or had quit, internal data that I obtained showed the company's subscription count had fallen from over 3 million to about 225,000. Since the July 4 shutdown, Farnsworth and Lowe are nowhere to be found, as most of the staff have yet to learn the cause of the company's halt, one source said. At present, service has been restored to 40% of subscribers, according to a company spokesperson. You're in that 40% number, presumably. If that 40% is accurate, that is. Given some of examples given in that article between what a company spokesman said and what was actually going on, 40% might be a wildly inflated number. Quote Link to comment Share on other sites More sharing options...
Porthos Posted September 13, 2019 Share Posted September 13, 2019 ==== Quote HMNY today said that it formed a strategic review committee comprised of independent directors, to identify, review and explore all strategic and financial alternatives for the company. Options include a sale of the company in its entirety, a sale of company assets like MoviePass, Moviefone and MoviePass Films. Today, MoviePass notified its subscribers that it would be “interrupting the MoviePass service” effective September 14 because its efforts to recapitalize MoviePass have not been successful. In July, the company had suspended the service to work on what it said were technical improvements as well as an effort to recapitalize the operation, which at its peak had burned through tens of millions of dollars a month. “The company is unable to predict if or when the MoviePass service will continue,” HMNY said in a press release. “The company is continuing its efforts to seek financing to fund its operations. There can be no assurance that any such financing will be obtained or available on terms acceptable to the committee.” 1 3 Quote Link to comment Share on other sites More sharing options...
Ryan Reynolds Posted September 13, 2019 Share Posted September 13, 2019 that's why it did not work for me today. rip my movie going 1 Quote Link to comment Share on other sites More sharing options...
dudalb Posted September 14, 2019 Share Posted September 14, 2019 (edited) No one should be surprised; the signs it was in deep trouble have been around for months. The founder of Moviepass warned that the policies adapted by the current management would be disasterous;and so it has turned out. Bottom line; in the last year of so , it was a good deal for the customer, but a lousy one for the company. Edited September 14, 2019 by dudalb 1 Quote Link to comment Share on other sites More sharing options...
filmlover Posted September 14, 2019 Share Posted September 14, 2019 Finally. Quote Link to comment Share on other sites More sharing options...
CloneWars Posted September 14, 2019 Share Posted September 14, 2019 The good thing about this is that we now have subscription plans for AMC and Regal that are at a decent price point. 4 Quote Link to comment Share on other sites More sharing options...
cdsacken Posted September 14, 2019 Share Posted September 14, 2019 And both are sustainable. I had movie pass at $30 a month and back then it was awesome. Quote Link to comment Share on other sites More sharing options...
The Wild Eric Posted March 16, 2021 Author Share Posted March 16, 2021 Whaaaaaaaaaaaaaaattttt? 1 2 Quote Link to comment Share on other sites More sharing options...
terrestrial Posted March 16, 2021 Share Posted March 16, 2021 14 minutes ago, Eric #TeamKong said: Whaaaaaaaaaaaaaaattttt in part bitter reactions under that What will that be about? Here is still lockdown, but we might not have curfew starting tonight or in 3 days (depends on how ... those rule immediately after reaching that kind of number, or only it will change after 3 days in the same Inzidenz-rule group they do for certain things) = no cinemas still 😕😢😕 Quote Link to comment Share on other sites More sharing options...
Ryan Reynolds Posted March 16, 2021 Share Posted March 16, 2021 The dead speak! Quote Link to comment Share on other sites More sharing options...
Macleod Posted March 16, 2021 Share Posted March 16, 2021 Somebody bought them and resurrected the dead...never a good idea. Quote Link to comment Share on other sites More sharing options...
Barnack Posted March 16, 2021 Share Posted March 16, 2021 Maybe they are aiming a being shorted because of how bad of an idea it sound and after becoming the next meme stock ? 1 Quote Link to comment Share on other sites More sharing options...
The Wild Eric Posted November 11, 2021 Author Share Posted November 11, 2021 Oh no 3 Quote Link to comment Share on other sites More sharing options...
poweranimals Posted November 18, 2021 Share Posted November 18, 2021 (edited) On 11/11/2021 at 10:59 AM, Eric Venkman said: Oh no Are they still owned by Helios and Matheson? I'm thinking about investing since the stock is so low. Edited November 18, 2021 by poweranimals Quote Link to comment Share on other sites More sharing options...