It tells you something when Musk was asked if he can help with Flint he took it on and when they asked if he can fix MoviePass, he said no...
MoviePass today announced new restrictions for its ever-changing movie service, with the company now limiting its subscribers to a choice of what appears to be six to seven movies per day.
On the MoviePass site, MoviePass lists "This Week's Movies," a section described as a "full lineup of movie titles available on MoviePass in the coming days."
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For this Friday, that includes Mile 22, Christopher Robin, The Miseducation of Cameron Post, We The Animals, Skate Kitchen, Juliet Naked, and Summer of 84. Noticeably missing is Crazy Rich Asians, which won't be available until Sunday, and some of the movies seem to be limited distribution films not available in all areas.
Several popular movies that have already been released are not included for Friday, such as Mission: Impossible - Fallout, Mamma Mia, and Ant-Man.
MoviePass in early August restructured its subscription model to allow customers to see three movies per month for the $9.95 monthly fee. Prior to that, MoviePass had announced that it would raise its base subscription price to $14.95 per month, and before that, it introduced peak pricing and restricted major film releases, all in an attempt to stop hemorrhaging money.
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For now, MoviePass seems to have settled on the $9.95 per month plan for three movies a month, while also restricting the movies available to customers each day.
Article Link: MoviePass Now Limiting Subscribers to a Choice of Six Movies Each Day
No matter how you slice and dice it, restrict it or change the terms, if they had one customer that saw one movie a month, they'd still lose money. Buying an item at full price and selling it for cheaper has never been a business model that worked out for long.
"I am altering the deal, pray I don't alter it any further." - Lord Vader"This deal's getting worse all the time." - Lando Calrissian
I see Movie Pass as a martyr for the theatre subscription industry. Many movie goers now expect a chain to have their own subscription plan or they will take their business else where. I frequent AMC now that I have subscribed to their Stubs Program at $20 per month with three movies per week, which includes 2D, 3D, IMAX, and Dolby. Had it not been for Movie Pass, Movie Subscription services may have never reached the popularity they are at today.
This is the best analogy for this whole situation I've seen yet. "Oh good lord the floor is tipping. Quick, move the couches over here so they don't slide around. Surely that'll keep the passengers from jumping ship."It’s like they’re rearranging the furniture on the Titanic.
Their stock is down to 4 cents a share.
I'm sooooo done with these people.