Movies and TV Over/Under on MoviePass going bankrupt - Page 2

Spott · 07-28-2018, 09:54 AM

It was great while it lasted, but I'm giving them until Halloween before they call it quits.

**BigRedChief** · 08-06-2018, 07:39 AM

JUST IN: MoviePass will now limit customers to three movies a month, but it's backing away from a plan to raise prices https://t.co/y1o2xPBzSk
— CNN International (@cnni) August 6, 2018

dj56dt58 · 08-07-2018, 03:53 AM

Doing away with peak pricing too but will still restrict some blockbusters

**Rausch** · 08-13-2018, 08:20 AM

Quote:

Originally Posted by DaFace

Literally losing money on every ticket sold didn't work out? What a surprise.

Apparently they were banking on the Amazon (lose money and go into debt to build the business/brand up) model in hopes of obtaining a legal monopoly on the service.

Yeah, that's a risky (and mostly doomed to fail) venture...

RINGLEADER · 08-18-2018, 08:12 PM

Quote:

Originally Posted by Rausch

Apparently they were banking on the Amazon (lose money and go into debt to build the business/brand up) model in hopes of obtaining a legal monopoly on the service.

Yeah, that's a risky (and mostly doomed to fail) venture...

Well the company is now worth less than $200,000. Less than 7 months ago it was worth almost $15 billion. That's got to be close to a record in market cap being wiped out.

At this point you could pay 10 times what the current market value is and still probably harvest the data and make money.

Hmmm.....

NJChiefsFan · 08-18-2018, 10:18 PM

Quote:

Originally Posted by RINGLEADER

Well the company is now worth less than $200,000. Less than 7 months ago it was worth almost $15 billion. That's got to be close to a record in market cap being wiped out.

At this point you could pay 10 times what the current market value is and still probably harvest the data and make money.

Hmmm.....

That's outrageous. I didn't realize it had gotten so big. I must have been living under a rock.

**BigRedChief** · 08-18-2018, 10:37 PM

Quote:

Originally Posted by NJChiefsFan

That's outrageous. I didn't realize it had gotten so big. I must have been living under a rock.

monopoly on tickets to movies?

Even though they are a near monopoly, Amazon still adds value to my life that cheap movie tickets never would.

Fish · 08-18-2018, 10:41 PM

**Rain Man** · 08-18-2018, 10:59 PM

I didn't sign up for Movie Pass, but I'm hoping to see a similar concept where I can pay $9.95 a month for unlimited groceries at my local grocery store.

Otter · 08-19-2018, 12:02 AM

Never really understood going to a movie theater so you could watch a movie in pretty much a non-social environment surrounded by a bunch of strangers unless it was a niche/cult film like 'Lord of the Rings' or 'Jackass' where everyone was on the same page overall.

Have you guys been in the DC forum? You want to pay for that experience?

Rasputin · 08-19-2018, 02:43 AM

It's stupid when the MoviePass (express) line is longer than the peasant line so if everyone is in the special line your wasting your time lol.

**hometeam** · 08-19-2018, 07:33 AM

Quote:

Originally Posted by Rain Man

I didn't sign up for Movie Pass, but I'm hoping to see a similar concept where I can pay $9.95 a month for unlimited groceries at my local grocery store.

dj56dt58 · 08-19-2018, 08:51 AM

move theaters are past their time anyway..it's time to bring new releases to streaming.

PmCakes · 08-19-2018, 08:58 AM

I read an article about how MoviePass investors have lost over 99% of their money. There are more failures in the silicon valley then there are successes. Nobody wants to talk about them.

vailpass · 08-19-2018, 09:42 AM

Going to a theater used to be the only way to see a movie so everyone did it.

Now you can see those same movies in your home after they are in the theatre so going out to see a movie has become a nice way to get out of the house and do something. Now less people are doing it as they choose to watch in their home for a fraction of the cost of a theater trip in a much more comfortable setting.

The current younger generations will consume movies more and more on-demand to watch what, when, where, and with who they want and theaters will go the way of the print newspaper.

**DaFace** · 08-19-2018, 09:46 AM

I have actually been to more movies in theaters these past couple years than I have in a long time. My wife and I enjoy it. But a lot of that is because our theater we go to has moved to recliners seats that you can buy and reserve online, so the whole experience of having to get there early to get a good seat is removed.

Couple that with AMC doing $5 tickets and $5 popcorn/drink on Tuesdays, and it's a nice evolution of the movie theater experience.

07-28-2018, 09:54 AM
Spott Court Jester Join Date: Aug 2000 Location: Orlando Casino cash: $3162400	Over/Under on MoviePass going bankrupt It was great while it lasted, but I'm giving them until Halloween before they call it quits.
Posts: 19,688

08-06-2018, 07:39 AM	#16
BigRedChief Has a particular set of skills Join Date: Dec 2003 Location: On the water Casino cash: $3219627 VARSITY	JUST IN: MoviePass will now limit customers to three movies a month, but it's backing away from a plan to raise prices https://t.co/y1o2xPBzSk — CNN International (@cnni) August 6, 2018 __________________ Fear leads to anger, anger leads to hate, hate leads to suffering. -YODA
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08-07-2018, 03:53 AM	#17
dj56dt58 Banned Join Date: Dec 2005 Location: Missouri Casino cash: $9960055	Doing away with peak pricing too but will still restrict some blockbusters
Posts: 6,361

08-18-2018, 10:41 PM	#22
Fish Ain't no relax! Join Date: Sep 2005 Casino cash: $2358919	__________________
Posts: 47,457

08-18-2018, 10:59 PM	#23
Rain Man NFL's #1 Ermines Fan Join Date: Jul 2001 Location: My house Casino cash: $3398491 VARSITY	I didn't sign up for Movie Pass, but I'm hoping to see a similar concept where I can pay $9.95 a month for unlimited groceries at my local grocery store. __________________ I'm putting random letters here as a celebration of free speech: xigrakgrah misorojeq rkemeseit.
Posts: 141,214

08-19-2018, 02:43 AM	#25
Rasputin Tip of the hat LIV Champs Join Date: Jun 2007 Location: ks Casino cash: $3525421	It's stupid when the MoviePass (express) line is longer than the peasant line so if everyone is in the special line your wasting your time lol.
Posts: 54,956

08-19-2018, 08:51 AM	#27
dj56dt58 Banned Join Date: Dec 2005 Location: Missouri Casino cash: $9960055	move theaters are past their time anyway..it's time to bring new releases to streaming.
Posts: 6,361

08-19-2018, 08:58 AM	#28
PmCakes Banned Join Date: Aug 2018 Location: Lubbock >St. Louis > MSP Casino cash: $10000400	I read an article about how MoviePass investors have lost over 99% of their money. There are more failures in the silicon valley then there are successes. Nobody wants to talk about them.
Posts: 304

08-19-2018, 09:42 AM	#29
vailpass Psycho Bag Of Squanch Join Date: Sep 2001 Casino cash: $9594244	Going to a theater used to be the only way to see a movie so everyone did it. Now you can see those same movies in your home after they are in the theatre so going out to see a movie has become a nice way to get out of the house and do something. Now less people are doing it as they choose to watch in their home for a fraction of the cost of a theater trip in a much more comfortable setting. The current younger generations will consume movies more and more on-demand to watch what, when, where, and with who they want and theaters will go the way of the print newspaper. __________________ “Education is a weapon whose effect depends on who holds it in his hands and at whom it is aimed.” Joseph Stalin
Posts: 69,591

08-19-2018, 09:46 AM	#30
DaFace Kind of a mod Join Date: Aug 2005 Location: Donkey Land Casino cash: $2106899	I have actually been to more movies in theaters these past couple years than I have in a long time. My wife and I enjoy it. But a lot of that is because our theater we go to has moved to recliners seats that you can buy and reserve online, so the whole experience of having to get there early to get a good seat is removed. Couple that with AMC doing $5 tickets and $5 popcorn/drink on Tuesdays, and it's a nice evolution of the movie theater experience.
Posts: 51,716