Over/Under on MoviePass going bankrupt
It was great while it lasted, but I'm giving them until Halloween before they call it quits.
|
I’ll be surprised if they make it through August. The interviews with their CEO are borderline delusional and their attempts to buy production companies and invest in movies made no sense. They’re not going to reach the critical mass to be able to influence enough movie going to force the theaters to negotiate lower prices (the Netflix model).
|
Quote:
If I had to guess, MP was also banking on most of their customers buying the membership and rarely seeing movies. |
The business model is doomed from the start. Why wouldn’t the big chains just do this on their own? Cutting out the middleman and keep the money is a perfect idea for a huge corporation.
AMC was already all over this concept before MoviePass launched. Luckily Netflix is already estaished or the studios would have crushed it like a bug. |
Moviepass Blocking Users from Watching Mission: Impossible—Fallout This Weekend
Things appear to be going from bad to worse for MoviePass. The subscription service had to shut down operations this past Thursday because it ran out of money, and to avoid the same thing from happening twice, it is blacking out all of its customers from watching one of the biggest summer blockbusters: Mission: Impossible – Fallout. On Thursday night, MoviePass users experienced an issue that prevented them from using the app. It was later revealed that MoviePass had run out of money, so it completely suspended service. By Friday morning, it had secured a $6.2 million loan to continue services but not before blocking users from watching Mission: Impossible – Fallout during its debut weekend. The option to pay for surge pricing is not even available for users who want to watch the movie. Making matters worse, just about every movie time past 11 a.m. at any theater has surge pricing. It has been confirmed by multiple users that any movie with surge pricing will cost an additional $6. Prior to the money woes MoviePass ran into this week, surge pricing came in around $2 to $4. [...] |
Quote:
|
Wife tried to use moviepass tonight and for the third time it wouldn't let her check in. They never did refund her first two tickets and we all know they won't refund this one. Great idea that soured fast.
|
Quote:
They blacked out every movie where I live on Friday and Saturday so I couldn’t buy a ticket to anything. The metro area has 12 theaters yet all were supposedly “too busy”. I prepaid for a year back in April so I guess I am stuck with the membership until then, but it looks like I’ll be paying for my movies from now on. |
A friend of mine used it to see Equalizer 2 on Saturday in KC. He used the e-ticket feature, not the card.
|
I hope it survives in some form or another? Havent some of the theater companies started their own version of it?
I think it helps drives more business/trips to a theater. People are more willing to take a chance on lesser known movies with lower budgets. |
Quote:
|
Quote:
|
Literally losing money on every ticket sold didn't work out? What a surprise.
|
Looks like they're raising the price soon...
Quote:
|
I had month to month, we enjoyed it for 2 months then came the surge pricing..at over $8/movie surge pricing..which is basically the price for a movie anyways..we cancelled our memberships a few days ago.
I wouldn't be surprised to see a class action against them if they won't refund a portion of the yearly memberships..unless they had informed us of surge pricing coming when before everyone signed up |
All times are GMT -6. The time now is 05:25 PM. |
Powered by vBulletin® Version 3.8.8
Copyright ©2000 - 2024, vBulletin Solutions, Inc.