11 votes

MoviePass is down again

9 comments

  1. [3]
    Comment deleted by author
    Link
    1. [2]
      Sawses
      Link Parent
      Oh, absolutely. I'm a subscriber and I knew it was going down...but I was happy to give them my money while they were offering that deal. Now, I'm about to head out to a showing of Ant Man and the...

      Oh, absolutely. I'm a subscriber and I knew it was going down...but I was happy to give them my money while they were offering that deal. Now, I'm about to head out to a showing of Ant Man and the Wasp and need to pay with my own cash, so I think this is about where I draw the line with MoviePass.

      2 votes
      1. [2]
        Comment deleted by author
        Link Parent
        1. Sawses
          Link Parent
          I certainly see movies more frequently than I would otherwise, but typically I only see two or three a month. For example, this month it is Mission Impossible and Ant-Man. No matter how little it...

          I certainly see movies more frequently than I would otherwise, but typically I only see two or three a month. For example, this month it is Mission Impossible and Ant-Man. No matter how little it costs me, I'm just not going to go see Tag in theaters, haha. I've heard it's good, though, so it's on my list for at-home viewing.

  2. [2]
    Comment deleted by author
    Link
    1. Sawses
      Link Parent
      The worrying thing for me is that they don't have any announcements. It's just down, and that's unprofessional at best and very sketchy at worst.

      The worrying thing for me is that they don't have any announcements. It's just down, and that's unprofessional at best and very sketchy at worst.

      2 votes
  3. [4]
    lol
    Link
    Something tells me things aren't going well for them

    On Monday, stock for MoviePass parent company Helios and Matheson Analytics (HMNY) plunged by a rather bleak 60%

    Something tells me things aren't going well for them

    3 votes
    1. [3]
      Deimos
      Link Parent
      I mentioned this in the last thread about MoviePass, but this is also after they just did a reverse 250-to-1 split last week, which took their share price from 8.5 cents up to $21.25. In less than...

      I mentioned this in the last thread about MoviePass, but this is also after they just did a reverse 250-to-1 split last week, which took their share price from 8.5 cents up to $21.25. In less than a week, it's already back down to $0.80.

      6 votes
      1. [2]
        lol
        Link Parent
        I thought I remembered seeing a post about this topic somewhere but wasn't able to find anything in my searching, sorry if this is a repost!

        I thought I remembered seeing a post about this topic somewhere but wasn't able to find anything in my searching, sorry if this is a repost!

        1. Deimos
          Link Parent
          Oh, not a repost. Just a continuation from the time they ran out of money last week too.

          Oh, not a repost. Just a continuation from the time they ran out of money last week too.

          3 votes
  4. [2]
    Deimos
    Link
    Here's another article just posted, with some info apparently from an all-hands company meeting today: MoviePass CEO announces in all-hands meeting that tickets to big upcoming movies will not be...

    Here's another article just posted, with some info apparently from an all-hands company meeting today: MoviePass CEO announces in all-hands meeting that tickets to big upcoming movies will not be available on the app

    3 votes
    1. [2]
      Comment deleted by author
      Link Parent
      1. alice
        Link Parent
        Thing is, the auteur crowd sees more movies. There was a time when MoviePass was $50/mo, and it wasn't profitable then, either. Because the only people who'd sign up for one at that price are...

        Thing is, the auteur crowd sees more movies.

        There was a time when MoviePass was $50/mo, and it wasn't profitable then, either. Because the only people who'd sign up for one at that price are people who watch a lot of movies. So they bumped it down to $10/mo, to attract casual moviegoers. If people are only watching a movie or two a month or whatever, maybe you can turn a profit on them.

        But then, what you get is millions of casual moviegoers who all want to see the new Mission Impossible movie on opening weekend, and by God, that's expensive.

        There's like... no way to win here. Their business model at this point is to literally just discourage people from using the service

        1 vote