MoviePass Reveals $9.95/Month Plan for 3 Films, Ditching Peak Pricing and No Longer Limiting Major Movies

[madKIR]

You are dead wrong. 3 or 4 movies a month definitely is “a lot of movies”, whether you are looking at the statistics relatively or absolutely. Theatre attendance has plummeted. Most people only see a few movies a year. Or none at all. A movie a week is “a lot” for the vast majority of Americans. Read it and weep, know-it-all:

View attachment 774688

Each weekend there are 3 major movies released. Also, I don't know about Chicago, but in NYC the theater antecedence has never plummeted. On the contrary, it has increased, as well as in the rest of the country. Even MoviePass announced that recently as well by saying that they have contributed to the increasing numbers in the industry. So I would take your example with a grain of salt, as there has been different data on that, which is quoted by MP.
[doublepost=1533587980][/doublepost]

I’m assuming no rollover?



How much is that?

It's $19, which includes Imax and 3D movies as well.

 

[sidewinder3000]

Huh? There are a ton of AMCs in the Northside

On what planet are the “north side neighborhoods” of Chicago and the northern suburbs of Chicago the same thing? The Northside of Chicago starts at Madison and ends at Howard, and doesn’t go too far west. No one from Chicago would ever consider Skokie, or Niles, or Arlington Heights “the Northside”. The only non-downtown AMC theatre that’s north of Madison and even technically within the city limits of Chicago is Galewood Crossings 14, which is so far west (5500) it’s almost in Elmwood Park and is considered the Westside anyway.
[doublepost=1533589681][/doublepost]

Each weekend there are 3 major movies released. Also, I don't know about Chicago, but in NYC the theater antecedence has never plummeted. On the contrary, it has increased, as well as in the rest of the country. Even MoviePass announced that recently as well by saying that they have contributed to the increasing numbers in the industry. So I would take your example with a grain of salt, as there has been different data on that, which is quoted by MP.
[doublepost=1533587980][/doublepost]
It's $19, which includes Imax and 3D movies as well.

“Each weekend there are 3 major movies released.”? What the hell does that have to do with the price of tea in China?

I backed up my comments with a published survey. You’re making unfounded claims. Theatre attendance in NYC isn’t down? That’s a real published fact, huh, not something you just made up? Because the number of tickets sold in the US has declined every year since 2015:
2015 1,320,190,881
2016 1,301,261,720
2017 1,225,234,827
And the number of wide release movies from major studios has been trending downward as well.

Everything you wrote seems like a lot of loose talk with zero stats to back it up. In Chicago, we call that “bullsh!t”.

 

[subjonas]

It's $19, which includes Imax and 3D movies as well.

That’s a pretty good deal. I think both are good deals (even now), just with different trade offs.

 

[madKIR]

On what planet are the “north side neighborhoods” of Chicago and the northern suburbs of Chicago the same thing? The Northside of Chicago starts at Madison and ends at Howard, and doesn’t go too far west. No one from Chicago would ever consider Skokie, or Niles, or Arlington Heights “the Northside”. The only non-downtown AMC theatre that’s north of Madison and even technically within the city limits of Chicago is Galewood Crossings 14, which is so far west (5500) it’s almost in Elmwood Park and is considered the Westside anyway.
[doublepost=1533589681][/doublepost]
“Each weekend there are 3 major movies released.”? What the hell does that have to do with the price of tea in China?

I backed up my comments with a published survey. You’re making unfounded claims. Theatre attendance in NYC isn’t down? That’s a real published fact, huh, not something you just made up? Because the number of tickets sold in the US has declined every year since 2015:
2015 1,320,190,881
2016 1,301,261,720
2017 1,225,234,827
And the number of wide release movies from major studios has been trending downward as well.

Everything you wrote seems like a lot of loose talk with zero stats to back it up. In Chicago, we call that “bullsh!t”.

Clearly, you're not a frequent movie goer yourself, so there is nothing to talk about. Come to NYC and try getting Friday night tickets to newly released movies. Good luck, as most of the time they are sold out at many theaters. Your statistics only show that there is a GRADUAL decline (just like in the music industry in terms of sales, but it doesn't mean that people stopped buying it). I don't see any dramatic changes there. The industry has NOT started releasing 3 movies a month versus 3 movies per week LOL

 

[snebes]

On what planet are the “north side neighborhoods” of Chicago and the northern suburbs of Chicago the same thing? The Northside of Chicago starts at Madison and ends at Howard, and doesn’t go too far west. No one from Chicago would ever consider Skokie, or Niles, or Arlington Heights “the Northside”. The only non-downtown AMC theatre that’s north of Madison and even technically within the city limits of Chicago is Galewood Crossings 14, which is so far west (5500) it’s almost in Elmwood Park and is considered the Westside anyway.
[doublepost=1533589681][/doublepost]

Dude, calm down. The person you replied to may not even live anywhere near Chicago to know what you consider the "northside".

And if AMC isn't convenient for you? Don't go there.

 

[PaulRustad007]

I’m assuming no rollover?



How much is that?

19.95 per month. 12 movies a month. 3 per week.

 

[jlc1978]

I think when my annual subscription comes up for renewal I’ll jump ship. I’ve already prepaid my year, I’m still able to see some thing, so I’ll just ride out into the sunset with MP.

If they fail to honor your original agreement you may be able to bail and should get a refund, at least a prorated one. If not, and there are enough annual subscribers, a class action may be worthwhile.

 

[ignatius345]

This new plan has a bad ring to it. It should be 4 per month, so they can say that it’s “a movie a week”. 3 is just... weak.

Delete

Where I live, NYC, it costs around FIFTEEN DOLLARS to buy a movie ticket. The break-even on MoviePass at $9.99/month is exactly one movie.

I want to be surprised people are finding a way to whine about buying a bundle of three $3.30 movie tickets per month, but sadly I'm not.

I don't understand their business model either, but you won't catch me whinging about somehow getting "ripped off".

 

[DotCom2]

Where I live, NYC, it costs around FIFTEEN DOLLARS to buy a movie ticket. The break-even on MoviePass at $9.99/month is exactly one movie.

I want to be surprised people are finding a way to whine about buying a bundle of three $3.30 movie tickets per month, but sadly I'm not.

I don't understand their business model either, but you won't catch me whinging about somehow getting "ripped off".

As has been said many times over on this matter in different threads, it’s not about getting ripped off. It’s about the constant changing of the “rules" and even back and forth on the same "rule".

 

[code-m]

This company changes its policy as much as an adolescent girl (no offence/stereotype). Today I like you, tomorrow, I am not sure, next I hate you, the day after lets be friends, ...

 

[cylack]

Moviepass is junk now. It was great when it came out. I cancelled it and switched to AMC Stubs A List. It’s been great so far. Just the fact I can reserve online makes the extra $10 compared to Moviepass it worth it, plus I can see IMAX and 3D. Saw Mission Impossible in Imax which would have been $18 normally. So, if you’re a frequent moviegoer and have an AMC theater near you, this is an awesome deal.

 

[Ericus Macabeus]

The stock price of Helios & Matheson (the parent of Moviepass) is up 50% this morning based on this news..

I just bought (put an order for) 3000 shares. It was only $300. I’ll gamble they make it out of this.

 

[mtneer]

I just bought (put an order for) 3000 shares. It was only $300. I’ll gamble they make it out of this.

Are you going to book profits as soon as this goes up (even slightly) or are you going to go the distance - riding all the way to a big bagger; or to 0?

 

[Ericus Macabeus]

Are you going to book profits as soon as this goes up (even slightly) or are you going to go the distance - riding all the way to a big bagger; or to 0?

I might just ride it. $300 won’t impact me one way or another. This company has a name that is worth millions. If someone just half their salt ends up running it they could completely change their business model and be the next big streaming service or something else entirely.

Dollar wise, it’s a really low risk for me with a potential huge high end if it spikes.

 

[ignatius345]

As has been said many times over on this matter in different threads, it’s not about getting ripped off. It’s about the constant changing of the “rules" and even back and forth on the same "rule".

Yeah, big surprise: the company with the insane business model is a bit disorganized. I say do the math on what you're spending vs. what you're getting, and enjoy the ride while it lasts.

 

[charlituna]

I think when my annual subscription comes up for renewal I’ll jump ship. I’ve already prepaid my year, I’m still able to see some thing, so I’ll just ride out into the sunset with MP.

i'd jump now. I mean you paid for a one a day pass for the year and you have just had it that cut down severely. that should be cause to go to your credit card company and have the charge, or at least some of it, reversed. or try.
[doublepost=1533612606][/doublepost]

I might just ride it. $300 won’t impact me one way or another. This company has a name that is worth millions. .

I disagree. with all the issues and the fact that they had to take a loan because they ran out of money, i'd say their name is worth pennies at best
[doublepost=1533612774][/doublepost]

Moviepass is junk now. It was great when it came out. I cancelled it and switched to AMC Stubs A List. It’s been great so far. Just the fact I can reserve online makes the extra $10 compared to Moviepass it worth it, plus I can see IMAX and 3D. Saw Mission Impossible in Imax which would have been $18 normally. So, if you’re a frequent moviegoer and have an AMC theater near you, this is an awesome deal.

well and isn't it 3 a week. that's 4 times more than you get from MoviePass.

 

[inkahauts]

To be honest, if Moviepass did this for their initial price drop to $9.99 I think they would have had a viable shot of surviving. Now it just seems like too little, too late.

With a max of 3 movies, they lose at most ~$20/mo per user that uses it all three times. But they earn $10 for a user that signs up but doesn't use it at all. Still really risky, but their unlimited model let them potentially lose $300/mo on one user using the card to its full extent.

I will say MP did shake things up a bit - now I have a Cinemark membership that gives me 1 ticket/month for $9, but it rolls over if I don't use it. So basically I save $4/ticket I buy, plus you can buy a second ticket for $9 meaning I save $8 per movie I go see with my fiancé. And you can reserve seats and get 20% off concessions.

So they did end up making movies cheaper for me, so I applaud them for that.

Well, not counting the theaters I can’t even use Moviepass at, the prices for a Saturday evening showing are 13.69 at one, 14.69 at another and 16.75 at a third... no senior discounts etc included...

So they can actual lose 39.50 a month in some customers in my area pretty easily. Nearly double what you are suggesting...

I have the year sub and I’ll not cancel of course till the at the earliest. Of course I already got way more than my money’s worth, so I popped for the amc one as well, I’ll see everything I can in either the Dolby cinema or imax there, and everything else with the movie pass, or a list depending on movie pass restrictions on any given movie...

Movie pass was always going to survive based on user data and selling info and partnerships, they just grew way to fast for them to keep up and build those partnerships. They should have started out at 20 a month in the first place... or at least always had a 20 or even 25 a month one that got you into imax etc...

 

[Brian Y]

Do theatres in the US not have their own unlimited plans?

Here in the UK, most chains offer unlimited plans themselves. It's more expensive at around £18/month - but everything this side of the pond is more expensive. At £18, you need 2 shows per month to make it worthwhile.

And the ones here have no BS. You can see what you want, when you want, as many times as you want.

 

[sidewinder3000]

Where I live, NYC, it costs around FIFTEEN DOLLARS to buy a movie ticket. The break-even on MoviePass at $9.99/month is exactly one movie.

I want to be surprised people are finding a way to whine about buying a bundle of three $3.30 movie tickets per month, but sadly I'm not.

I don't understand their business model either, but you won't catch me whinging about somehow getting "ripped off".

Are people whining about it? I’m not. But whether it is a compelling enough offer to get people to subscribe, especially after previously offering “a movie a day” is another matter. In marketing, perception is reality. It’s rarely about whether an offer is worth it, it’s about whether it feels worth it.

And anyone who thinks MoviePass’s model was ever about breaking even in transactions is kidding themselves. Their business model leverages two things: 1. The inevitable slippage that occurs when people subscribe to things and don’t redeem. 2. Selling customers, and their data, back to movie theatres and other media companies/studios/distributors.
[doublepost=1533639353][/doublepost]

Dude, calm down. The person you replied to may not even live anywhere near Chicago to know what you consider the "northside".

And if AMC isn't convenient for you? Don't go there.

Dude! I’m calm. But thanks for your concern. If the person who replied to me doesn’t live anywhere near Chicago and doesn’t know anything about the geography of the city, then why the **** are they going onto a public forum and pretending to know something they don’t? Presuming that they know more about the area I live in than I do, and deciding it’s their job to teach me a lesson about it is just silly.

Why you feel the need to defend such a person is equally perplexing. Telling me that ‘if AMC isn’t convenient for me that I shouldn’t go there’ is an utterly pointless thing to write. I like AMC theatres, I’ve been an AMC Stubs member since they started the program and I go there when it’s coneventient, and don’t when it’s not. And if you can believe it, I’ve been doing all this years before you offered your pearls of wisdom. Maybe if you read my original comment, which was basically just a reaction to someone discussing the compelling A-List program where I said that my only issue with AMC’s program was that they didn’t have any theatres in any neighborhoods near me. It was pretty slight, uncontroversial self-contained comment that should not have generated so many pointless responses.

I made a small comment that was 100% correct. The know-it-all geography lesson that followed was 100% wrong and unnecessary. And the busybody defense of his misguided lecture was equally so.

And just so that there’s no further confusion on your part, let me be clear: it’s not about what I consider the “Northside” of Chicago. It’s a commonly understood geographical area. Just like “Upper West Side” or “South Central”. And one that’s not difficult to understand. It’s the northern side... of the city of Chicago. This really isn’t a vexing moniker.
[doublepost=1533640638][/doublepost]

Clearly, you're not a frequent movie goer yourself, so there is nothing to talk about. Come to NYC and try getting Friday night tickets to newly released movies. Good luck, as most of the time they are sold out at many theaters. Your statistics only show that there is a GRADUAL decline (just like in the music industry in terms of sales, but it doesn't mean that people stopped buying it). I don't see any dramatic changes there. The industry has NOT started releasing 3 movies a month versus 3 movies per week LOL

‘Clearly I’m not a frequent movie goer’? What eveidence did you base that brilliant deduction on, Sherlock? I probably see more movies in theatres than 99% of the people in America do. And there’s a very good chance I see more movies than you.

Also, why would the number of movies that someone sees have anything to do with the veracity of published industry statistics that they cite? That makes no sense.

And why would I want to come to NY and try to get tickets to a newly released movie? If I wanna have a hard time finding tickets to popular movies at busy theatres on opening weekend, I can stay right here in my hometown. It’s supply and demand, brother. It happens. It also doesn’t mean anything about annual ticket sales.

Your inability to understand the difference between industry-wide imperical data and your own anecdotal experience makes any further discussion not worth the effort.

 

[madKIR]

Are people whining about it? I’m not. But whether it is a compelling enough offer to get people to subscribe, especially after previously offering “a movie a day” is another matter. In marketing, perception is reality. It’s rarely about whether an offer is worth it, it’s about whether it feels worth it.

And anyone who thinks MoviePass’s model was ever about breaking even in transactions is kidding themselves. Their business model leverages two things: 1. The inevitable slippage that occurs when people subscribe to things and don’t redeem. 2. Selling customers, and their data, back to movie theatres and other media companies/studios/distributors.
[doublepost=1533639353][/doublepost]
Dude! I’m calm. But thanks for your concern. If the person who replied to me doesn’t live anywhere near Chicago and doesn’t know anything about the geography of the city, then why the **** are they going onto a public forum and pretending to know something they don’t? Presuming that they know more about the area I live in than I do, and deciding it’s their job to teach me a lesson about it is just silly.

Why you feel the need to defend such a person is equally perplexing. Telling me that ‘if AMC isn’t convenient for me that I shouldn’t go there’ is an utterly pointless thing to write. I like AMC theatres, I’ve been an AMC Stubs member since they started the program and I go there when it’s coneventient, and don’t when it’s not. And if you can believe it, I’ve been doing all this years before you offered your pearls of wisdom. Maybe if you read my original comment, which was basically just a reaction to someone discussing the compelling A-List program where I said that my only issue with AMC’s program was that they didn’t have any theatres in any neighborhoods near me. It was pretty slight, uncontroversial self-contained comment that should not have generated so many pointless responses.

I made a small comment that was 100% correct. The know-it-all geography lesson that followed was 100% wrong and unnecessary. And the busybody defense of his misguided lecture was equally so.

And just so that there’s no further confusion on your part, let me be clear: it’s not about what I consider the “Northside” of Chicago. It’s a commonly understood geographical area. Just like “Upper West Side” or “South Central”. And one that’s not difficult to understand. It’s the northern side... of the city of Chicago. This really isn’t a vexing moniker.
[doublepost=1533640638][/doublepost]
‘Clearly I’m not a frequent movie goer’? What eveidence did you base that brilliant deduction on, Sherlock? I probably see more movies in theatres than 99% of the people in America do. And there’s a very good chance I see more movies than you.

Also, why would the number of movies that someone sees have anything to do with the veracity of published industry statistics that they cite? That makes no sense.

And why would I want to come to NY and try to get tickets to a newly released movie? If I wanna have a hard time finding tickets to popular movies at busy theatres on opening weekend, I can stay right here in my hometown. It’s supply and demand, brother. It happens. It also doesn’t mean anything about annual ticket sales.

Your inability to understand the difference between industry-wide imperical data and your own anecdotal experience makes any further discussion not worth the effort.

I think you def need to go to the movies more often instead of wasting your time on these lengthy forum replies LOL
I highly doubt that you are a frequent movie goer based on your assumptions that 3 movies a month is "a lot of movies" HAHA Anyway, good luck with your MoviePass. You should be fine with it going forward based on your needs.

 

[sidewinder3000]

I think you def need to go to the movies more often instead of wasting your time on these lengthy forum replies LOL
I highly doubt that you are a frequent movie goer based on your assumptions that 3 movies a month is "a lot of movies" HAHA Anyway, good luck with your MoviePass. You should be fine with it going forward based on your needs.

Your assumptions are so baseless I wonder how you are able to communicate with people in normal life? For the record, smart guy, I’ve seen 35 movies with MoviePass so far and I have seen 4-8 movies a month for the past 10 years.

Based on that survey, only 5% of the people in this country go to the movies 3 times a month. 92% of Americans go 1 or fewer times a month. So yes, 3 times a month IS a lot. That’s not an opinion, that is a fact.

 

[jlc1978]

I might just ride it. $300 won’t impact me one way or another. This company has a name that is worth millions. If someone just half their salt ends up running it they could completely change their business model and be the next big streaming service or something else entirely.

Dollar wise, it’s a really low risk for me with a potential huge high end if it spikes.

It's an interesting play especially if it's your fun money. While the name may be valuable that doesn't mean the stockholders will see a penny of that value. Someone could purchase the assets, but not and debt, and leave the stockholders hanging.

The hard part is timing a sale. I did something similar, stock started going up, I held and then the bottom fell out. My finance professor explained, back when I was in school, you can't time the market, you will try and hopefully only take a small loss; as she did despite having a PhD in finance.

 

[madKIR]

Your assumptions are so baseless I wonder how you are able to communicate with people in normal life? For the record, smart guy, I’ve seen 35 movies with MoviePass so far and I have seen 4-8 movies a month for the past 10 years.

Based on that survey, only 5% of the people in this country go to the movies 3 times a month. 92% of Americans go 1 or fewer times a month. So yes, 3 times a month IS a lot. That’s not an opinion, that is a fact.

I don't remember being asked to participate in that survey, nor do I remember my friends being asked to participate in it either. So like any survey it's very subjective. Your particular survey is another form of assumption/opinion and definitely not a fact (How many respondents? Where did it take place? etc.)
4 movies a month is not a lot by any means, so that brings us to the fact that I indeed go to the movies way more often than you do. The Fall-Winter time 3 movies a week would be standard, which renders MP irrelevant for me with its 3 movies a month going forward.

 

[redneckitengineer]

If they fail to honor your original agreement you may be able to bail and should get a refund, at least a prorated one. If not, and there are enough annual subscribers, a class action may be worthwhile.

I’ve gotten my $89 investment back ten fold since subscribing. I’m not a vindictive individual in these circumstances.

 

[emcampbe]

MoviePass trying to save themselves, I guess. But anyway you look at this, MoviePass is still going to be losing money on a subscriber that actually uses it. Even one movie a month in most bigger cities will do that at $9.99. At some point, maybe they’ll learn that the ‘we’ll lose money on every customer, but make it up in volume’ model still doesn’t work. To those who think this is a reasonable compromise, sorry, still not going to help MoviePass make money - it might mean they survive a bit longer, but that’s all.

By the way, very happy with my Cinemark movie club membership - which is a bit less than MoviePass, with only one free ticket/month but discounts on others and concessions, etc and no restrictions, etc. But mostly, probably works for the company also so that they aren’t giving the farm up for subscribers.