The service played a dangerous game: grow fast enough that your market dominance outstrips your losses. It isn't the first, but it may soon be the latest to lose.
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Fred Wilson nails the MoviePass business plan, albeit three years ago and in abstraction. When you lose money to gain market share, it seems like you have a clear path to profitability. But clear and easy are very, very different
There's been a lot of talk coming out of silicon valley lately about fast growing companies with high valuations that are going to face problems in the coming year(s).
Given the rage freely flowing from America's largest theater operator, AMC, toward MoviePass -- the controversial, defiantly inexpensive subscription ticketing service that allows filmgoers to attend one movie per day, every day, for a $9.95 monthly fee -- it's easy enough to forget that until just last month, the two companies were partners in the putting-asses-in-seats business.
MoviePass’ effort to make a Netflix-like subscription service out of movie theater tickets has bled the company of cash in recent months. But while its future may be in doubt, the movie-ticket subscription concept it pioneered looks like it is here to stay.
The service has become an integral part of the private and social lives of many - one user saw 19 movies in 19 days. But limits on usage will change that.
AMC Entertainment announced a $19.95/month subscription last month called the AMC Stubs A-List for movie-goers to see up to 3 movies per week at its theaters (Stubs is their rewards program). This is a big experiment for AMC - the largest exhibitor chain (aka cinema chain) in the world - not least because its CEO Adam Aron has been very critical of MoviePass, which set off a rush of interest in subscription cinema packages after dropping its price from $50/mo to $10/mo last August and...
Although the subscription-based movie ticket service has three million customers, questions have been raised about the company’s viability. "The New York Times’s" Hollywood reporter, Brooks Barnes, explains why.
Enjoy your MoviePass subscription while you've got it. You may not be able to use it three months from now. Helios and Matheson Analytics, the parent company of MoviePass, has less than three months' worth of cash left, the company revealed Tuesday (Aug. 14) in its quarterly report.
HMNY, which owns 92% of MoviePass, doubled down on the company's bet against traditional theaters on Monday.'Make no bones about it, it is a full blown w...
It's finally time to admit that MoviePass is fumbling around like a wounded golden goose that needs to be put out of its misery. It may still give up the gift of "free" movies every now and then, but this weekend's latest service changes and screwups show the free ride is coming to an end.
AMC CEO Adam Aron knows that his theater chain's new $19.95 monthly movie ticket subscription service Stubs A-List is double the price of MoviePass and that's because he's aiming to make the program "beneficial" for "all involved." A good deal for consumers, but one which won't rob distribution, studios and exhibition partners like RealD and Imax with a flat-across-the-board price structure.
It's been roughly 12 months since MoviePass upended the exhibition industry with its bargain-basement movie-a-day subscription plan. But what began as a year of triumph has become an annus horribilis. The company is low on cash, its stock is languishing at roughly 10 cents a share and customers are griping about service outages.
The ground is shifting under the exhibition industry's feet. The latest evidence of the tectonic moves taking place was Wednesday's announcement that AMC is launching its own subscription-based program, a MoviePass rival it has dubbed A-list. The move is a concession to a new reality: Moviegoers are more interested in a value proposition than a lavish night out.