They're still losing money on every subscription unless people don't use the cards AT ALL. It's not a sustainable model so they can't fund their own operations. They've shown themselves to be...
They're still losing money on every subscription unless people don't use the cards AT ALL.
It's not a sustainable model so they can't fund their own operations. They've shown themselves to be incompetent (burning hundreds of millions of dollars only to go effectively bankrupt) so few people are going to "invest" to prop them up; why would theaters partner with a company that may not exist in a few months? They've been funding operations for a while by selling their stock in mass quantities, and this too won't last.
I predicted moviepass wouldn't last a week since the loan. I suppose I was wrong, but this is truly the death of whatever moviepass was before July. I still think they will fold within the year.
Considering their parent company's stock price is down 99.998% since October, I think it's safe to say the writing is on the wall for Moviepass. Especially when you consider that AMC and Cinemark...
Considering their parent company's stock price is down 99.998% since October, I think it's safe to say the writing is on the wall for Moviepass. Especially when you consider that AMC and Cinemark are rolling out their own subscription services that, quite frankly, shit all over Moviepass' offering.
I have been trying to watch a movie through the app for so long, and every time something new comes up to prevent me. First time, they sent the message that they were dealing with errors. Second...
I have been trying to watch a movie through the app for so long, and every time something new comes up to prevent me. First time, they sent the message that they were dealing with errors. Second time, they said they fixed the errors and yet I still got one when I went to check in. Third time I opened the app, there was suddenly peak pricing when everything was fine half an hour ago. Fourth time, they just removed the showtime the moment I reached the theater.
Honestly for me it sounded like more of a hassle than just paying the 10 bucks. I'd rather just open my movie app and select a time without having to be physically at the location. Buy days or...
Honestly for me it sounded like more of a hassle than just paying the 10 bucks. I'd rather just open my movie app and select a time without having to be physically at the location. Buy days or weeks ahead to get movies I really want to see the first week was really the only thing I do at the theater.
I don't understand why they do this? I mean here in the Netherlands we've got two similar services, Cineville, which is almost all art-house or non-chain cinemas, and Pathé Unlimited, which is the...
I don't understand why they do this? I mean here in the Netherlands we've got two similar services, Cineville, which is almost all art-house or non-chain cinemas, and Pathé Unlimited, which is the big cinema chain here. They're both priced at ~20 euros, which is roughly the price of two tickets. So to be able to beat that you'd need to go to the cinema more than every other week. Which is doable (I've had it for a year and end up going about that often, on average), but the selection of movies, especially movies you'd like, ends up running dry fairly quickly. Which means you end up taking chances, but still—it's a sustainable business model. Why didn't MoviePass go that way? Why go for so many customers on an unsustainable business model, instead of building it slowly?
Interesting, well I guess they figured out one way to get themselves out of the hole economically, those I don't think the optics of limiting users to only 3 free movies a month will help them to...
Interesting, well I guess they figured out one way to get themselves out of the hole economically, those I don't think the optics of limiting users to only 3 free movies a month will help them to gain any new customers
They're still losing money on every subscription unless people don't use the cards AT ALL.
It's not a sustainable model so they can't fund their own operations. They've shown themselves to be incompetent (burning hundreds of millions of dollars only to go effectively bankrupt) so few people are going to "invest" to prop them up; why would theaters partner with a company that may not exist in a few months? They've been funding operations for a while by selling their stock in mass quantities, and this too won't last.
I predicted moviepass wouldn't last a week since the loan. I suppose I was wrong, but this is truly the death of whatever moviepass was before July. I still think they will fold within the year.
Considering their parent company's stock price is down 99.998% since October, I think it's safe to say the writing is on the wall for Moviepass. Especially when you consider that AMC and Cinemark are rolling out their own subscription services that, quite frankly, shit all over Moviepass' offering.
I have been trying to watch a movie through the app for so long, and every time something new comes up to prevent me. First time, they sent the message that they were dealing with errors. Second time, they said they fixed the errors and yet I still got one when I went to check in. Third time I opened the app, there was suddenly peak pricing when everything was fine half an hour ago. Fourth time, they just removed the showtime the moment I reached the theater.
Fuck MoviePass, I hope they burn in hell.
I regret missing out on MoviePass while I had the chance. Hopefully they can right a sunken ship but outlook is grim.
Honestly for me it sounded like more of a hassle than just paying the 10 bucks. I'd rather just open my movie app and select a time without having to be physically at the location. Buy days or weeks ahead to get movies I really want to see the first week was really the only thing I do at the theater.
I don't understand why they do this? I mean here in the Netherlands we've got two similar services, Cineville, which is almost all art-house or non-chain cinemas, and Pathé Unlimited, which is the big cinema chain here. They're both priced at ~20 euros, which is roughly the price of two tickets. So to be able to beat that you'd need to go to the cinema more than every other week. Which is doable (I've had it for a year and end up going about that often, on average), but the selection of movies, especially movies you'd like, ends up running dry fairly quickly. Which means you end up taking chances, but still—it's a sustainable business model. Why didn't MoviePass go that way? Why go for so many customers on an unsustainable business model, instead of building it slowly?
Interesting, well I guess they figured out one way to get themselves out of the hole economically, those I don't think the optics of limiting users to only 3 free movies a month will help them to gain any new customers