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). [Reply]
Originally Posted by RINGLEADER:
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).
I purchased the annual pass back in April and have seen 11 movies with it s. I far. With the changes they made yesterday, my only way of seeing any new releases is to purchase tickets to a less popular movie and then go into the theater that is playing the movie I want to see. If I were paying month to month I would probably consider canceling their service.
If I had to guess, MP was also banking on most of their customers buying the membership and rarely seeing movies. [Reply]
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. [Reply]
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.
Originally Posted by BigRedChief:
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.
Netflix lucked out when home video started to dry up. They just couldn’t help themselves or turn away from the extra check and ended up creating a monster. [Reply]
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. [Reply]
Originally Posted by 007:
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.
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. [Reply]
Originally Posted by Spott:
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.
The app shows no movies at all for us now. Click on a theater and it said no showings available and listed no movies. [Reply]
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 [Reply]