Now MoviePass faces competition from AMC Entertainment and Alamo Drafthouse Cinema, two theatre groups that have launched services which rival MoviePass. >Global Eagle Entertainment Business Transformation The Falling MoviePass Stock is a Problem Just allowing us to see the same movie more than once and nixing the peak pricing would go a long way in users eyes, and I think most people would be willing to pay $5-10 more a month” “ You can only see one per day…you can’t see the same movie twice, you can only get tickets same day, you have to take a picture of your ticket stub and submit before you can see your next movie, and pay a $2-5 charge if the movie is popular (obviously people are going to see popular movies so this one is just obnoxious nickel and dime tactics) With how annoying MoviePass is becoming I’m debating switching to AMC despite it being twice as much because it is simpler. The very first question put to Mitch, deals with the core issue that concerns so many as StarDestinyGuy asks: “ What would you say to people who are concerned about the long-term viability of MoviePass, people who believe that the business model is not financially sustainable?”ĬinnamonSwisher also got to the real crux of the problem: Preferably a wand that isn’t of the Reverse Split™ brand. I understand that you can’t talk about HMNY stock price here, but the shareholders REALLY hope you all have an ace up your sleeve or a magic wand. Today, June 26, Mitch Lowe took to Reddit for an AMA (Ask-me-anything) session and shareholder frustration about falling MoviePass stock price and wavering service terms was clear to see To add to the frustrations, MoviePass CEO Mitch Lowe has admitted that he doesn’t know if the original “unlimited” plan will ever return. Also, the company has added $2-$5 surcharges if the movie is popular. But on top of that, there are annoying terms of use: You cannot see the same movie twice, moviegoers are expected to take pictures of their stubs and submit them to MoviePass, before being allowed see another movie. Now a $9.95 monthly subscription, allows you only 4 cinema trips in a month (a lot less than unlimited). A deal of this type of savings is great for consumers but unfortunately, MoviePass was losing money on practically every ticket sold. The unsustainable business model was simply too-good-to-be-true until recently $9.95 a month would allow you unlimited cinema trips in a month. MoviePass is a subscription service where users pay a flat monthly fee to go to the cinema multiple times in that month. This is the third day of decline for the companies stock and highlights a business model which appears to be unsustainable. MoviePass stock has dipped below 24.5 cents, which is a 15 percent tumble marking a new low for the stock. Helio & Matheson Analytics inc., the owner of MoviePass is in trouble.
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