6 Rings G.O.A.T.
Supporter
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Riding until the wheels fall off..
MoviePass Offers $10 A Month Subscription Service
- 88,435
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- Feb 29, 2000
do they tell if its been approved?Every time I purchase a ticket they ask.
Just did again. I'm watching Breaking In (a movie I would've waited until it was on tv to watch) and then gonna see Infinity War again.
mines just say my photo has been submitted and thats it
- 57,439
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- Aug 6, 2012
I'm not worried. I'll give it until next year. By then they should've accumulated enough data to sell, and thought of more strategies. To me, it's only a matter of time before they start making deals with these movie spots
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I’m in shotgun riding with you
- 87,775
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- Nov 20, 2007
Yeah, basically the same thing.
You know its approved when you go to see ya next movie.
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6 Rings G.O.A.T.
Supporter
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- Feb 11, 2006
I’m in shotgun riding with you
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- May 15, 2003
- 6,227
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- Apr 16, 2007
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MoviePass still has a few tricks up its sleeve.
The movie-ticket subscription service that gets members into one showing per day for $9.95 a month is adding features, including the ability to pay more to see formats like 3D or IMAX, pay for plans as a family, and bring a friend to the movies. The company announced the new options on Tuesday (May 15) when parent Helios and Matheson Analytics reported first quarter earnings. It did not say when they would roll out or what they would cost.
The US-based service, which has more than 2.7 million subscribers, appears desperate to prove its model works after a filing last weekrevealed the cash it had on hand would last hardly more than a month at the rate it’s burning through cash, and that it might need additional funding. Helios and Matheson CEO Ted Farnsworth told naysayers at the Cannes Film Festival that the company has a $300 million line of credit that could carry it 17 months.
Now, MoviePass is hoping to draw new members and stave off the competition with add-ons like the family plan.
There’s currently no easy way for families to sign up, pay for, and check into movies together through the app, which only allows one account to be logged in at a time. Moviegoing really adds up for families, and they could be a big growth area for MoviePass. For a family of four, admission to a single film costs close to $40—the price of a full month of MoviePass for the whole crew—based on the average US movie-ticket price. In an expensive market like New York City or Los Angeles, it could be upwards of $65 for a standard showing.
About 72% of MoviePass subscribers also said they’d like the option to pay more to see a movie in a higher-end format like 3D, the company said it found in a survey. Sinemia, a rival service that launched in the US in February, already has some of these offerings. It sells plans for couples and plans that get members into one 3D, IMAX, or other higher-end format a month, which start at $9.99 a month.
MoviePass’s upcoming “Bring-a-friend” feature aims to prove the so-called “halo effect” it has been arguing it has on admissions, to convince theater owners to cut it deals on the tickets it buys or share in the revenue. MoviePass pays theater owners the full cost of the tickets its members use. In 2017, the company claimed to have been responsible for $256 million in ticket sales—$146 million of which were made by non-MoviePass customers, which MoviePass says subscribers brought or influenced to see the movies.
“MoviePass subscribers are more social and tend to … influence their friends to go to the movies more,” the company said in Tuesday’s filing.
The new options come after MoviePass had to restrict some of its service to cut costs. It barred members from seeing titles more than once ahead of summer blockbuster season and began requiring them to upload images of their tickets before they could see their next movie, to prevent users from sharing accounts with non-members.
Helios and Matheson’s stock rallied as much as 8% to $0.70 in after-hours trading on Monday and shares were trading around $0.69 at the time of publishing. Shares of Helios and Matheson collapsed since its recent closing high of $32.90 on October 11, 2017, a few months after it took a majority stake in MoviePass. It became one of the priciest on the market to short as it took a greater and greater share of the business. It now owns 92% of the company’s common stock.
The subscription and marketing segment that includes MoviePass contributed a $98 million net loss to Helios and Matheson’s bottom line for the quarter ending March 31, according to the quarterly filing.
https://qz.com/1278965/moviepass-is...family-plan-and-a-bring-a-friend-feature/amp/
The movie-ticket subscription service that gets members into one showing per day for $9.95 a month is adding features, including the ability to pay more to see formats like 3D or IMAX, pay for plans as a family, and bring a friend to the movies. The company announced the new options on Tuesday (May 15) when parent Helios and Matheson Analytics reported first quarter earnings. It did not say when they would roll out or what they would cost.
The US-based service, which has more than 2.7 million subscribers, appears desperate to prove its model works after a filing last weekrevealed the cash it had on hand would last hardly more than a month at the rate it’s burning through cash, and that it might need additional funding. Helios and Matheson CEO Ted Farnsworth told naysayers at the Cannes Film Festival that the company has a $300 million line of credit that could carry it 17 months.
Now, MoviePass is hoping to draw new members and stave off the competition with add-ons like the family plan.
There’s currently no easy way for families to sign up, pay for, and check into movies together through the app, which only allows one account to be logged in at a time. Moviegoing really adds up for families, and they could be a big growth area for MoviePass. For a family of four, admission to a single film costs close to $40—the price of a full month of MoviePass for the whole crew—based on the average US movie-ticket price. In an expensive market like New York City or Los Angeles, it could be upwards of $65 for a standard showing.
About 72% of MoviePass subscribers also said they’d like the option to pay more to see a movie in a higher-end format like 3D, the company said it found in a survey. Sinemia, a rival service that launched in the US in February, already has some of these offerings. It sells plans for couples and plans that get members into one 3D, IMAX, or other higher-end format a month, which start at $9.99 a month.
MoviePass’s upcoming “Bring-a-friend” feature aims to prove the so-called “halo effect” it has been arguing it has on admissions, to convince theater owners to cut it deals on the tickets it buys or share in the revenue. MoviePass pays theater owners the full cost of the tickets its members use. In 2017, the company claimed to have been responsible for $256 million in ticket sales—$146 million of which were made by non-MoviePass customers, which MoviePass says subscribers brought or influenced to see the movies.
“MoviePass subscribers are more social and tend to … influence their friends to go to the movies more,” the company said in Tuesday’s filing.
The new options come after MoviePass had to restrict some of its service to cut costs. It barred members from seeing titles more than once ahead of summer blockbuster season and began requiring them to upload images of their tickets before they could see their next movie, to prevent users from sharing accounts with non-members.
Helios and Matheson’s stock rallied as much as 8% to $0.70 in after-hours trading on Monday and shares were trading around $0.69 at the time of publishing. Shares of Helios and Matheson collapsed since its recent closing high of $32.90 on October 11, 2017, a few months after it took a majority stake in MoviePass. It became one of the priciest on the market to short as it took a greater and greater share of the business. It now owns 92% of the company’s common stock.
The subscription and marketing segment that includes MoviePass contributed a $98 million net loss to Helios and Matheson’s bottom line for the quarter ending March 31, according to the quarterly filing.
https://qz.com/1278965/moviepass-is...family-plan-and-a-bring-a-friend-feature/amp/
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Mr.Guy
formerly timidtebow
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Moviepass our here cooking with fish grease. What a time to be alive!
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- Nov 20, 2007
If I can get one more year of MP I'll be satisfied.
6 Rings G.O.A.T.
Supporter
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- Feb 11, 2006
6 Rings G.O.A.T.
Supporter
- 134,225
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- Joined
- Feb 11, 2006
Thanks for the deadpool ticket moviepass..
Mr.Guy
formerly timidtebow
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- Jul 3, 2013
Welp I got the dreaded email. Gonna have to take pictures of my stubs now smh.
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- Dec 25, 2003
6 Rings G.O.A.T.
Supporter
- 134,225
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- Joined
- Feb 11, 2006
Yesterday I accidentally told photo of both.. Ticket stub and receipt even though they ask not to take photo of the receipt.. (I didnt know about that rule until after I sent the photo of both)
- 57,439
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- Aug 6, 2012
Sounds like now’s the time to buy.
I'm honestly thinking about taking a position . I believe itll rebound big by next year
- 3,178
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- Feb 3, 2012
They really need to work out a deal somehow with these theaters. I never used to go watch movies. Now I’m going to see everything and spending $35 on concessions every single time. Got the itis and fell asleep during Deadpool last night lol. Gonna start leaving my wallet at home when I go so I can’t buy snacks anymore.
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- Feb 25, 2010
E-ticketing
6 Rings G.O.A.T.
Supporter
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- Feb 11, 2006
E-ticket never work for me.. How does it work?
JonathanLegend
formerly swagkingcole
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- Oct 11, 2012
Just bring the ability to buy tickets in advance so I can reserve my seats and I'll be happy.
- 68,439
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- Apr 30, 2010
Boy they add that and they might keep me longer.
Mr.Guy
formerly timidtebow
- 23,944
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- Jul 3, 2013
Me too. Ive seen 8 movies so far this month.
Mr.Guy
formerly timidtebow
- 23,944
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- Jul 3, 2013
What did you eat to get the itis lol?
