Name your Moviepass lineup!!!
- Thread starter 850credit
- Start date
No Pooh for you.
MoviePass’s latest survival plan appears to be barring paying subscribers from using the service to see movies.
The movie-ticket subscription service, which is barely keeping its business—and company stock price—afloat, will block members from using the service to see major upcoming releases, including Disney’s Christopher Robinfilm and the Jason Statham-starring shark thriller The Meg, Business Insider reported. A source familiar with the company told the publication that CEO Mitch Lowe revealed the plan in an all-hands meeting on July 30, and “implied the practice of not offering tickets to major movies would continue for the foreseeable future.”
Users on social media said they were shut out of movieslike Mission: Impossible—Fallout over the weekend as well.
The Meg and Christopher Robin are the biggest US releases of the next two weeks. It’s unclear how long users will put up with a service they are no longer able to use freely. Disgruntled members threatened to cancel today via social media. Others lamented how good the service was while it lasted.
With MoviePass, members typically pay $9.99 per month to watch to one movie per day in a standard movie format at most US theaters, and the company covers the costs of the tickets. To stem its losses, the platform recently began restricting members from seeing titles more than once, and charging fees to see movies during peak moviegoing times. Parent company, Helios and Matheson Analytics, burned about $27 million per month on average from October 2017 to June 2018, and $45 million per month in June and July, when big releases like Incredibles 2 and Jurassic World: Fallen Kingdom bled the company dry.
Late week, it ran out of money. The MoviePass service went down at many theaters temporarily on Thursday when it couldn’t pay merchant and fulfillment processors for tickets. Helios and Matheson borrowed an expensive $5 million to cover the costs. But reports of issues using MoviePass continued through Saturday.
As of the time of this writing, there were also no showtimes available at most of the movie theaters in New York City and other US cities. The only theaters available to some members were those that MoviePass partners with to offer online ticketing, or e-ticketing, such as Landmark Theatres and Studio Movie Grill locations.
MoviePass said in its FAQs on July 30 that it was working to fix a “technical issue that is affecting some users using our card-based check-in system.” It had not yet addressed its plans to stop supporting major movies with customers.
MoviePass representatives did not immediately return Quartz’s request for comment.
Shares of Helios and Matheson cratered over the last week, after the company did a 250-for-1 reverse stock to avoid being delisted on the NASDAQ stock exchange. The stock was adjusted from $0.09 to $21.25 when trading closed on July 24. It closed at $0.80 today, after losing 60% of its value in a single day.
MoviePass’s latest survival plan appears to be barring paying subscribers from using the service to see movies.
The movie-ticket subscription service, which is barely keeping its business—and company stock price—afloat, will block members from using the service to see major upcoming releases, including Disney’s Christopher Robinfilm and the Jason Statham-starring shark thriller The Meg, Business Insider reported. A source familiar with the company told the publication that CEO Mitch Lowe revealed the plan in an all-hands meeting on July 30, and “implied the practice of not offering tickets to major movies would continue for the foreseeable future.”
Users on social media said they were shut out of movieslike Mission: Impossible—Fallout over the weekend as well.
The Meg and Christopher Robin are the biggest US releases of the next two weeks. It’s unclear how long users will put up with a service they are no longer able to use freely. Disgruntled members threatened to cancel today via social media. Others lamented how good the service was while it lasted.
With MoviePass, members typically pay $9.99 per month to watch to one movie per day in a standard movie format at most US theaters, and the company covers the costs of the tickets. To stem its losses, the platform recently began restricting members from seeing titles more than once, and charging fees to see movies during peak moviegoing times. Parent company, Helios and Matheson Analytics, burned about $27 million per month on average from October 2017 to June 2018, and $45 million per month in June and July, when big releases like Incredibles 2 and Jurassic World: Fallen Kingdom bled the company dry.
Late week, it ran out of money. The MoviePass service went down at many theaters temporarily on Thursday when it couldn’t pay merchant and fulfillment processors for tickets. Helios and Matheson borrowed an expensive $5 million to cover the costs. But reports of issues using MoviePass continued through Saturday.
As of the time of this writing, there were also no showtimes available at most of the movie theaters in New York City and other US cities. The only theaters available to some members were those that MoviePass partners with to offer online ticketing, or e-ticketing, such as Landmark Theatres and Studio Movie Grill locations.
MoviePass said in its FAQs on July 30 that it was working to fix a “technical issue that is affecting some users using our card-based check-in system.” It had not yet addressed its plans to stop supporting major movies with customers.
MoviePass representatives did not immediately return Quartz’s request for comment.
Shares of Helios and Matheson cratered over the last week, after the company did a 250-for-1 reverse stock to avoid being delisted on the NASDAQ stock exchange. The stock was adjusted from $0.09 to $21.25 when trading closed on July 24. It closed at $0.80 today, after losing 60% of its value in a single day.
Was good while it lasted.Will miss them. Might sign up for AMC Alist
I went to the theater and it would only take e-ticketing 
if you are in nashville you should get amc a-list. imo its better than moviepass even with only three movies a week.
that amc in franklin is the truth. if i lived near there i would have a-list.
unfortunately i will be cancelling movie pass. i don't have any e-ticket theaters near me and they are making it impossible to use the service.
i also don't have any amc near me. so i will be back to coming out of pocket for movies.
Nah I live in ATL, was in Nashville for a side business.
When I'm there I hit the theater at Green Hills Mall.
I prepaid for a year of Moviepass so I will just use it till it runs out and not renew unless service improves.
I saw Mission Impossible the night before they blocked it...Ii wanted to see it before they went out of business.
I'm good on going out to the movies for a while. The whole point of having Moviepass was to see any movie you want whenever you want to, if we can't do that I can catch it at home on Terrarium.
I'm good on going out to the movies for a while. The whole point of having Moviepass was to see any movie you want whenever you want to, if we can't do that I can catch it at home on Terrarium.
Came to Chicago early Friday and needed to blow a couple of hours. Damn service had no tickets available before 7 pm. Had to call customer service in order to get a ticket for early on.
i canceled my moviepass account and signed up for Alist
this weekend
teen titans - Friday
Christopher Robin - Saturday
Mission Impossible Imax - Sunday
fyi i still use MoviePass (my account expires in a few week) but you can see any movie you want.
i dont think they check the ticket stubs. I have registered for one movie and seen another 3 times. I submit tickets without issue
this weekend
teen titans - Friday
Christopher Robin - Saturday
Mission Impossible Imax - Sunday
fyi i still use MoviePass (my account expires in a few week) but you can see any movie you want.
i dont think they check the ticket stubs. I have registered for one movie and seen another 3 times. I submit tickets without issue
I'm in atlanta and even the e-tickeing theaters like Studio Movie Grill (they partner with them) have SEVERELY limited showings for movies. My movie pass expires on the 24th of this month and I'm gonna let that shit lapse. It is damn near unusable at this point. It was a good run and I've seen over 30 movies since Nov of last year. I have monthly billing and I'm not about to pay more for less (when it goes up to $15).
Fuck this shit
Fuck this shit
switched over to A-list
been about 3 weeks
so far
Teen Titans Go to the Movies (with the kids)
Christopher Robin (with the Kids)
Mission Impossible in IMAX
The Meg
BlackKklansman
Mile 22
so far this has been phenomal
very reliable easy to use service compared to Moviepass (i canceled hopefully they dont charge me in august)
been about 3 weeks
so far
Teen Titans Go to the Movies (with the kids)
Christopher Robin (with the Kids)
Mission Impossible in IMAX
The Meg
BlackKklansman
Mile 22
so far this has been phenomal
very reliable easy to use service compared to Moviepass (i canceled hopefully they dont charge me in august)
Chapter 11
Are you saying they have filed for chapter 11? I can't find an article stating that yet.
https://www.cnbc.com/amp/2019/09/13/moviepass-will-shut-down-for-good-on-sept-14.html
MoviePass announced on Friday it's shutting down the discount ticketing service on Sept. 14.
MoviePass parent company Helios and Matheson Analytics notified subscribers that it plans to close down the service because its "efforts to recapitalize MoviePass have not been successful to date." It has formed a strategic review committee, made up of the company's independent directors, to explore "strategic and financial alternatives" for the company.
MoviePass announced on Friday it's shutting down the discount ticketing service on Sept. 14.
MoviePass parent company Helios and Matheson Analytics notified subscribers that it plans to close down the service because its "efforts to recapitalize MoviePass have not been successful to date." It has formed a strategic review committee, made up of the company's independent directors, to explore "strategic and financial alternatives" for the company.
Sorry to see them go. Others took their idea (which they took from a Brotha) and ran with it. Changed the moviegoing experience forever hopefully.
Why would you pay full price for a movie again. Regal Unlimited and AMC A list make a month's worth of movies cost the same as one ticket.
Why would you pay full price for a movie again. Regal Unlimited and AMC A list make a month's worth of movies cost the same as one ticket.
Moviepass is back!
The Black founder who sold the company bought it back in bankruptcy. I would support but...Cinema HD.
finance.yahoo.com
Anyone get this email?
The new MoviePass Beta App will be accessible by invite only. The waitlist will close when the timer reaches :00 on Monday August 29 at 11:59 pm ET, or while inventory lasts. All who join the waitlist will receive priority access to the service and 10 friend invites. Space is limited don't wait. Once the waitlist is closed the only way to join will be through an invite from a friend.
Join the waitlist and be the first to sign up for MoviePass.
The Black founder who sold the company bought it back in bankruptcy. I would support but...Cinema HD.
MoviePass relaunch crashes servers as CEO plots comeback amid 'overwhelming demand'
MoviePass is officially relaunching and, contrary to most online commentary, co-founder and CEO Stacy Spikes says the timing couldn't be better.
Anyone get this email?
The new MoviePass Beta App will be accessible by invite only. The waitlist will close when the timer reaches :00 on Monday August 29 at 11:59 pm ET, or while inventory lasts. All who join the waitlist will receive priority access to the service and 10 friend invites. Space is limited don't wait. Once the waitlist is closed the only way to join will be through an invite from a friend.
Join the waitlist and be the first to sign up for MoviePass.
Got the signup email.
15/25/35 dollar tiers.
Unused credits roll over up to 2x your limits.
15/25/35 dollar tiers.
Unused credits roll over up to 2x your limits.
HBO’s MoviePass doc is a snapshot of how C-suites kill companies
MoviePass’ Black founders finally get to speak their peace in HBO’s new documentary.
www.theverge.com
Similar threads
