MoviePass Offers $10 A Month Subscription Service

Discussion in 'General' started by tay1, Aug 15, 2017.

  1. hipstermike

    hipstermike

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    Wife and I spend way more than that per year on movies. Def worth it. Prices here suck for movies. $14+ minimum.
     
  2. krazyrodzilla

    krazyrodzilla

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    Yeah would like to see which movie theaters supports this in my area. I literally have them all really close though, so don't really matter. Think I'm just going to hop on it regardless.
     
  3. Bert.

    Bert. formerly zyzz

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    Same man, majority of the time it's a ****ty movie I don't wanna watch and I'm paying for both :smh:
     
  4. Bert.

    Bert. formerly zyzz

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    I think what OP posted all it said was as long as they can accept debit cards

    On the app it basically looks like a credit/debit card but who knows
     
  5. kvsm23vs24

    kvsm23vs24

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    Seems like every theater near me has the choice.

    Send me y'all zips and I'll post a screenshot
     
  6. krazyrodzilla

    krazyrodzilla

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    Good thing about it also, its month to month so cancel anytime.
     
  7. dachosen1

    dachosen1

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    This might be worth it in nyc. Cheapest I've seen near me is $16 lol.
     
  8. dakingii

    dakingii

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  9. kvsm23vs24

    kvsm23vs24

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    IMG_0669.PNG
     
  10. ace rawstein

    ace rawstein

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    Anybody look up Houston yet? The zip thing isnt working.
     
  11. gil23

    gil23

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    33803
     
  12. franknbeans

    franknbeans

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    Anybody have nyc list
     
    harlemtothebronx likes this.
  13. HOU$TON

    HOU$TON formerly convertibleburt

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    Interesting
     
  14. tomdiginson

    tomdiginson

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    Watched more movies in theatres this month than I have in the last 5 years.
     
  15. dangerousg

    dangerousg

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    app is hot garbage rn
     
  16. bobby99son

    bobby99son

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    App is terrible. No theaters in my area but I guess I have to wait until I get the card in the mail to see other theaters? I never got a confirmation or anything so I have no idea of my card request even went through.
     
  17. Bert.

    Bert. formerly zyzz

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    Amc already wanting out of it
     
  18. krazyrodzilla

    krazyrodzilla

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    AMC Slams MoviePass, Threatening Legal Action
    [​IMG]
    Brent Lang
    Senior Film and Media Editor @BrentALang
    [​IMG]
    Courtesy of AMC
    August 15, 2017 | 04:00PM PT
    AMC Theatres is threatening legal action against MoviePass, a subscription-based service for cinema-goers, hours after the company announced it will allow customers to see a movie a day for less than $10 a month.

    In a statement, the world’s largest exhibitor dismissed MoviePass as “a small fringe player” and said that its model “is not in the best interest of moviegoers, movie theatres and movie studios.”

    AMC’s stock has been hit hard in recent weeks after it released disappointing quarterly earnings and lowered its projections for 2017. The summer box office is in a slump and a stream of film flops have dragged down exhibition stocks. Shares of AMC took a beating again on Tuesday following MoviePass’ pricing announcement — the company’s stock ended the day down 2.57% at $13.25.


    Related
    [​IMG]
    What Is MoviePass? The Pros and Cons of $10-a-Month Unlimited Films


    MoviePass didn’t just unveil a new pricing plan on Tuesday. It also announced that had sold a majority stake to Helios and Matheson Analytics Inc., a publicly traded data firm, for an undisclosed price.

    Since it was founded in 2011, MoviePass has roiled exhibitors, who have engaged in legal action at various points to try to stop its development.

    In an interview with Variety, MoviePass CEO Mitch Lowe said the deal has yet to close, but expressed concern that AMC’s stance could hurt his business.

    “I’m not worried about it killing the sale,” he said. “What I’m worried about is it confusing customers and making them believe they can’t use this service at AMC theaters.”

    MoviePass is using the capital injection from the sale to fund an overhaul to its pricing model. It will now enable customers to see a movie a day in a theater for a $9.95 monthly fee, far less than the cost of a ticket in many major markets.

    MoviePass re-sells the tickets to customers and purchases them at full price using a MasterCard debit card. It claims it boosts attendance by 111% and that its customers buy more concessions. But exhibitors have preferred to bolster their own loyalty programs instead of aligning themselves with the service. For instance, AMC has invested heavily in growing its Stubs rewards program.

    In the statement, AMC said it is consulting with its attorneys to determine if or how it can prevent a subscription program offered by MoviePass from being used at its locations. It questioned the longterm viability of MoviePass’ model, noting that the average ticket price for watching a movie at AMC Theatres in the most recent financial quarter was $9.33.

    “From what we can tell, by definition and absent some other form of other compensation, MoviePass will be losing money on every subscriber seeing two movies or more in a month,” AMC’s statement reads.

    Lowe acknowledges that his company is subsidizing ticket buyers and will lose money in the process. However, he believes that MoviePass will be able to prove its value to movie theaters and studios, and that in the future they will cut the company in on their additional profits. Theater owners could also either pay MoviePass back with advertising or give them a percentage of the concessions sales.


    “There must be some way to make us whole,” said Lowe. “We know we have to prove the value we deliver and, at that point in time, where we’re delivering value to studios and theaters, we can work together with them in a constructive manner so that everybody makes more money.”

    At one point, AMC and MoviePass had worked in concert with each other. In 2015, the companies partnered on a pilot program in select markets. Ironically, MoviePass uses data from that initiative to support its claims that it bolsters concessions sales and attendance. In the ensuing years, AMC has gone from ally to foe. On Tuesday, it was withering in its dismissal of MoviePass’ ambitions.

    In the statement, it said “that it is not yet known how to turn lead into gold,” adding, “In AMC’s view, that price level is unsustainable and only sets up consumers for ultimate disappointment down the road if or when the product can no longer be fulfilled.”

    The company said that reducing pricing to accommodate the MoviePass model would negatively impact the customer experience and would leave them unable to “operate quality theaters.” It went on to suggest that the MoviePass model would have a chilling effect on the creative community by cutting them out of the income they receive from movie theaters.

    “While AMC is not opposed to subscription programs generally, the one envisioned by MoviePass is not one AMC can embrace,” the company’s statement reads. “We are actively working now to determine whether it may be feasible to opt out and not participate in this shaky and unsustainable program.”

    Lowe, a co-founder of Netflix and the former head of Redbox, compared AMC’s reaction to the blowback those home entertainment companies received from movie studios and video rental chains when they offered DVDs by mail or via kiosks.

    “This is so much like Blockbuster was when we rolled out Netflix or Redbox,” said Lowe. “It’s the big guy being afraid of the little guy offering better value to consumers.”
     
  19. harlemtothebronx

    harlemtothebronx

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    Haters.

    I got an AMC I was planning on hitting regularly by my job too.
     
  20. iamdef

    iamdef

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    AMC soundin' hurt like D Wade ex wife out here
     
  21. gil23

    gil23

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    Amc out it's whatever to me
     
  22. krazyrodzilla

    krazyrodzilla

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    Sneaker P likes this.
  23. harlemtothebronx

    harlemtothebronx

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    You're the man.:pimp:
     
  24. tay1

    tay1

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    F*** AMC, I'm going to Cinemark
     
  25. shogun

    shogun

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    These movie theaters deserve this. They rob us with prices and give no dambs.