MoviePass couldn’t afford to pay for movie tickets on Thursday

Re:MoviePass couldn’t afford to pay for movie tickets on Thu... by mdrzn on Friday July 27, 2018 @11:50AM (#17626850)

A couple months ago there were optimist articles about how they'll "make it in the long run", having "enough money to keep going before being profitable". Cinemark even announced something similar.

Guess it didn't last THAT long. I'm scared for other services with the same pricing scheme.

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Re:MoviePass couldn’t afford to pay for movie tickets on Thu... by Analemma_ on Friday July 27, 2018 @12:41PM (#17627234)

I mean, in the case of MoviePass, their pricing was so obviously stupid that people sort of assumed that they MUST have a trick up their sleeve to make it work, because no one could be that dumb.

And it turns out, they don't (or maybe they did but it didn't work). Not everyone is playing 9D chess.

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Re:MoviePass couldn’t afford to pay for movie tickets on Thu... by tjbarkley on Friday July 27, 2018 @12:14PM (#17627025)

I believe AMC is doing a subscription service where you can see up to 3 movies a week for $20/month.

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Re:MoviePass couldn’t afford to pay for movie tickets on Thu... by neverfones on Friday July 27, 2018 @01:08PM (#17627436)

They also have a service where you can watch any movie on Tuesdays for $5, for $12 a year. I prefer that service, and have renewed for 3 years.

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Re:MoviePass couldn’t afford to pay for movie tickets on Thu... by pc86 on Friday July 27, 2018 @01:16PM (#17627484)

Does this service have a name?

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Re:MoviePass couldn’t afford to pay for movie tickets on Thu... by mttjj on Friday July 27, 2018 @01:34PM (#17627636)

AMC Stubs https://www.amctheatres.com/amcstubs

I've been a subscriber for a few years. They waive online ticketing fees and you get $5 vouchers for every $100 spent (among other perks). It's been worth it for me.

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Re:MoviePass couldn’t afford to pay for movie tickets on Thu... by berbec on Friday July 27, 2018 @02:24PM (#17627988)

The base model of stubs is free. You still get $5 Tuesdays.

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Re:MoviePass couldn’t afford to pay for movie tickets on Thu... by calyth2018 on Friday July 27, 2018 @11:54AM (#17626882)

It's eye-opening that there are companies that forgets about cash-flow and profitability...

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Re:MoviePass couldn’t afford to pay for movie tickets on Thu... by ianamartin on Friday July 27, 2018 @12:57PM (#17627341)

It's not just that they forget. They are actively encouraged to not think about these things. It's not the startup way, so don't do that. The rules for SV-funded companies are this:

1. Get big no matter what. 2. Play as fast and loose with the rules as you need to in order to accomplish 1. 3. Never think about profitability. Profitability slows growth.

All 3 can be summarized as: Never think about anything that slows growth.

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Re:MoviePass couldn’t afford to pay for movie tickets on Thu... by gorbachev on Friday July 27, 2018 @12:14PM (#17627034)

Uber, Spotify...plenty of other examples, I'm sure.

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Re:MoviePass couldn’t afford to pay for movie tickets on Thu... by okmokmz on Friday July 27, 2018 @12:47PM (#17627281)

Soundcloud as well. They have something like 175 million users but almost shutdown last year

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Re:MoviePass couldn’t afford to pay for movie tickets on Thu... by Cerium on Friday July 27, 2018 @02:34PM (#17628080)

Cinemark's movie club sounds reasonable though. You get a ticket a month for $9. The tickets accumulate and multiple can be used at once [1].

I've been considering it since every couple months my wife and I like to see a movie.

[1] https://www.cinemark.com/movieclub

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