MISSION: IMPOSSIBLE FALLOUT WEEKEND THREAD | 23 Friday...MM2 4.8...TT 4.25 EQ2 4.0

junkshop36 · July 29, 2018

28 minutes ago, oMeriMombatti said:

So can anybody tell me what happened that MoviePass suddenly went down the gutter? From what I can tell from reading comments here on BOT that it certainly helped in increasing footfalls of movies especially mid-level budget and indie flicks that people would go out and watch at discount rates.

Basically, they can’t afford to keep buying all those tickets at full price while only charging 9.99 a month. They’ve had to take out multiple loans just to cover the costs. Just this last Thursday the service went down because they couldn’t afford it lol. They had to take out a $5 million dollar loan.

Now they’re blocking access to seeing movies on opening weekend because it’ll cost them too much money.

Krissykins · July 29, 2018

The US cinema chains just need to do the same as Cineworld here in the U.K., have their own Unlimited pass.

Cineworld have been doing it successfully for 12 years without any problems.

Catch up.

(Odeon also joined in about 18 months ago).

vc2002 · July 29, 2018

1 hour ago, junkshop36 said:

Basically, they can’t afford to keep buying all those tickets at full price while only charging 9.99 a month. They’ve had to take out multiple loans just to cover the costs. Just this last Thursday the service went down because they couldn’t afford it lol. They had to take out a $5 million dollar loan.

Now they’re blocking access to seeing movies on opening weekend because it’ll cost them too much money.

That's what happens when these VCs (Venture Capital) smell the blood of an internet-based business model.

Here in China, you get a discount whenever you want to book a movie ticket using mobile phone apps. Basically the app companies lose money on every ticket they sell. The interesting part of this story is that this business has been going on for 5-6 years, and it looks like the game will continue for quite a while because the two biggest VCs (Alibaba and Tencent, who are also the two biggest internet-based companies in China) joined the game about 3 years ago, and these two have too much money.

As a result of that, right now about 90% of all movie tickets in China are sold online. That's also one of the key factors to China's crazy movie market growth in the last 5-6 years. In this case, it's safe to say that there're definitely some bubbles in the market.

Edited July 29, 2018 by vc2002

Jonwo · July 29, 2018

Subscription cinema is inevitable, I imagine Regal will adopt the Unlimited Card that Cineworld has had in the UK and other places

juni78ukr · July 29, 2018

9.99 per month is a totally unreasonable price. Around $20 probably would be okay. You pay less if you want to see more than 2 movies per month.

IronJimbo · July 29, 2018

9 minutes ago, juni78ukr said:

9.99 per month is a totally unreasonable price. Around $20 probably would be okay. You pay less if you want to see more than 2 movies per month.

It costs me £13 for one ticket to one film...

Napoleon · July 29, 2018

These subscription plans will never work unless they give real unlimited access to the user. Theater chains are handing a lot of money to Netflix. Netflix last reported 57 million subscribers in the US, that's close to $7 billion a year, to watch old movies. Domestic box office was $11 billion in 2017. Can't wait for Netflix to beat it.

sfran43 · July 29, 2018