9 votes

Moviepass CEO wants in on the Metaverse

7 comments

  1. [7]
    moocow1452
    Link
    Moviepass relaunch has me kinda curious, and I like the idea of guesting people in, but I don't want to stare at ads for moviepoints, and NFT cryptopasses can pound sand.

    Moviepass relaunch has me kinda curious, and I like the idea of guesting people in, but I don't want to stare at ads for moviepoints, and NFT cryptopasses can pound sand.

    4 votes
    1. [6]
      babypuncher
      Link Parent
      A bunch of movie theaters have launched their own versions of MoviePass. I don't see how a third party could really make this viable in the same way AMC or Regal can.

      A bunch of movie theaters have launched their own versions of MoviePass. I don't see how a third party could really make this viable in the same way AMC or Regal can.

      4 votes
      1. [5]
        moocow1452
        Link Parent
        I live by a mall theater that made bank off of moviepass, and they're not affiliated with any of the big chains. They could probably roll their own premium membership, but Moviepass let's you roll...

        I live by a mall theater that made bank off of moviepass, and they're not affiliated with any of the big chains. They could probably roll their own premium membership, but Moviepass let's you roll in a bunch of smaller theaters.

        1 vote
        1. [4]
          zptc
          Link Parent
          How did they profit from Moviepass?

          How did they profit from Moviepass?

          1 vote
          1. babypuncher
            Link Parent
            Moviepass just paid the full ticket price to the movie theaters. It's why they burned through all their money so quickly. It was never a viable business model. Their plan was to amass a huge...

            Moviepass just paid the full ticket price to the movie theaters. It's why they burned through all their money so quickly. It was never a viable business model. Their plan was to amass a huge number of users (at great expense to their investors) then figure out how to transition to a profitable system. They never figured out that last part.

            7 votes
          2. pocketry
            Link Parent
            Concessions? That's where the margin is for many theaters is.

            Concessions? That's where the margin is for many theaters is.

            4 votes
          3. moocow1452
            Link Parent
            Moviepass 1.0 was a debit card where the service would pay for the ticket at cost, marketing on the idea that they could direct ticket sales to smaller features and make people see more movies. It...

            Moviepass 1.0 was a debit card where the service would pay for the ticket at cost, marketing on the idea that they could direct ticket sales to smaller features and make people see more movies. It worked a little too well for them, but theaters still got paid what they would have.

            Edit: And concessions.

            3 votes