MoviePass CEO on how $10/month movies is possible
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- เผยแพร่เมื่อ 5 ก.ย. 2024
- MoviePass lets theater-goers pay $10 a month to see almost unlimited movies in theaters. What's the catch? CEO Mitch Lowe tells CNNMoney's Frank Pallotta that it's all about data.
Interviewer: sooo how will you make money?
CEO: people will buy soundtracks
This aged well
very rare to hear a CEO as honest as him
Yeah. Most companies will just violate the ten commandments, you know (Thou shalt not) lie.
I felt strange too....
Becoming Vincent moviepass and there CEO haven't been honest at all
There are many honest CEO's - I think the bigger the company gets the harder it gets to be too straightforward.
Movie pass is owned by Helios and Matheson Analytics and they are only a 30 million dollar company (some of the big companies where CEO's beat around the bush are the multibillion dollar companies.
He has been exposed as the shadiest CEO ever.
6 months later, moviepass is dying
Apparently it's not possible.
I agree with the CEO.. When I got my card, I went like 7 times.. now I’ve only gone like 2 times a month and last month I didn’t even go.. so I paid them $10 bucks but I still have the card..
Same here. 5 times in first 3 months, then only 2 times in the last 2 months.
2 of my friends signed up in August 2017, and have only watched 1 movie per person. They decided to still continue paying the monthly fees, just in case they do want to watch a movie.
The ceo is an honest man, I respect that, I’m still going to subscribe. It’s helpful and it’s like a surefire way to do something enjoyable when something gets cancelled.
I see like every movie so ima bankrupt them fuckers
In insurance, there is a famous concept - The law of large numbers.
Over time the less people go and the more subscribers they have, the more everything balances out nicely. You're a wonderful example of that. lol
Kolwer Perez Is it still worth it?
I've never purchased so much popcorn at theatres before. Now I purchase popcorn almost every time I watch a movie.
Exactly ! Theatres need to sit the fuck down and accept the money movie pass is driving into their pocket. I nw get popcorn every damn timeeee
I hope MoviePass never leaves. Nobody is ever going back to paying $16 per ticket. The current plan is more sustainable. It's also a more friendly 3 month plan instead 1 year up front. A lot of people are just finding out about MoviePass. I just got mine. Its awesome.
So u dont see all the comments of MoviePass users saying they are now spending money on popcorn and candy now that we don't have to pay $16 per ticket. They also implemented fraud protection for the abusers. The new 4 movie per month plan is more sustainable. No more people using MP just to use the restroom and get reward points. Its a good thing for us normal customers. I hope movie pass never leaves. I'm never going back to paying AMC outrageous ticket prices.
I'm actually not arguing with you or saying you're wrong so I have no idea why you're butt hurt and typing in all caps. i'm just keepin it real. are u so mad just becuz i like paying less for movie tickets? relax.
Bro... i'm sorry.... I'll do whatever u want. I'll unsubscribe to MoviePass... Just please dont come find me and kill me and my family while we're sleeping just because we can't afford movie tickets... please.....
I watch 4-5 movies now. Plus $10 of concession and before I would rarely buy cause it gets expensive
Alonso Martii or simply buy candy or whatever else someplace else and save money.
I have the exact same story... this has got to be a huge win for theaters
When I got the Moviepass, I went to theater every single day but now I don't even go there at all.
Why not? I didn't t have a full-time job before 😂😂😭😭😭
Harry Bush You are right, but I feel like I will waste time on on weekends or let's just say I'm too lazy?
It was a scam from the beginning. They wanted to get millions of subscribers to strong arm theatres. DIDNT WORK so now theyre going bankrupt, shares are 13 cents a share.
I've been a MoviePass subscriber for 3 years and I LOVE IT!! I never had a major issue with the service that couldn't be fixed with a simple phone call. And now that it's only $10 a month, I'm saving BIG on watching movies in theaters. Movie tickets in New York City are about $15, so I watch 1 movie a month and I'm already saving $5. It's great!
Rudie Obias I though movie pass only foots 10 dollars of your ticket? It does 15?
Nathan Gable Gable it pays for your full ticket every time. in Las Vegas at night we hit $12-$15 and it's still covered
Nathan Gable Gable you pay $10 a month for a movie a day. They pay the entire cost of the ticket
Lmao this video aged so well
It's a new business model just like blockbuster was back then all the way to redbox and streaming like Netflix now. It's a welcome change to an overpriced movie theater ticket.
I always buy my snacks at Walmart before i go to the theater.
MrBoriqua2000 dollar tree is where it’s at for movie snacks and candy.
The police have been dispatched and are on their way to your residence.
@@Kiwibirdman1701 lmao
I freaking loooove MoviePass. I’ve seen like 11 movies in the past couple months alone. Before I used to only go to the movies like three times a year.
SuperSaiyan3985 do you still use it? Or how is it
SuperSaiyan3985 Is it still worth it?
SuperSaiyan3985 and that’s why it didn’t work lol. They expected people to go less, but because they saved so much they saw a bunch of movies they wouldn’t normally go to.
“Better and better all the time.”
Goes bankrupt in spectacular fashion, costing retail investors MILLIONS of dollars.
Billions
This is Burt from the future. This is just in,
no its not possible.
This aged well…
Came across a random, old Twitter post that mentioned MoviePass and quickly flooded in all the feelings of anger this "company" brought me. Never before and since has a "company" put such a bad taste in my mouth. I bought a year of service and 2 weeks later they changed their model to 3 movies a month and offered no refund for THEIR change in terms. On top of that, I was one of the people who's password wasn't correct (there was another story that Mitch ordered customer service reps to change user's passwords without their knowledge to stop them from using the service) and NEVER AGAIN was able to see a movie. I had written customer service on the app several times trying to get a refund of what I paid and no one from the chat every responded, but funny, my support tickets would auto-close at like 2am in the morning since I didnt respond to their reply. Such a shady and disgusting company and Mitch turned into a scumbag essentially stealing every penny he could get because HIS idea wasnt through through. Glad to see them not around anymore and LOVE my APC A-List which is much more sustainable model with actual support. Good riddance, MoviePass!
They had a deal if your bought a year subscription, I paid like 50 or 60 bucks for a 1 year card. I bought 3 them. We went to the movies 3-4 times a week. We would keep our popcorn bags and soda cups and get free refills on the drinks and discount on the popcorn refills. Good times....
I just ordered one!!
I live in DC area where a regular movie is around 14 dollars.
Jawlan M then use movie pass for $10 and you pay rest of the 4$ from your pocket.. case closed
What do you mean? I thought movie pass cover the entire 14...I was trying to say that there is almost no lost for me to not use movie pass
they will wire the entire fare of the ticket, not $10. sometimes higher than 10 and sometimes lower( like early bird ticket)
Jawlan M The only reason why anyone would be dumb enough to pay $16 for a movie ticket is becuz they dont know about MoviePass yet. The MoviePass package costs less than the price of a single movie ticket and comes with unlimited access to iHeartRadio which costs $10/month by itsself. It allows you to create unlimited play lists and listen to them offline. This current deal is so underrated and its a more friendly 3 month deal instead of 1 year up front. Ur welcome
I agree, but have you heard the news? IheartRadio is filing bankruptcy because of massive debt, and movie pass is changing their policies too.
Let's assume a person watches 10 premium movies a year and the MoviePass upcharge is $7 for each premium movie (also assuming successfully avoiding Peak Pricing). With AMC A List, you can see 10 premium movies and 146 standard movies a year for $240 (only at AMC theaters). With MoviePass, you'can see 10 premium movies and 355 standard movies a year for $190 (at practically most theaters). In conclusion, the obvious movie subscription champion: MOVIEPASS!!
It's finally time for the greedy AMC to lower their ticket price.
Ryan J lmao 'greedy'
Ryan J buying the rights to movies is pretty expensive
Helios and matheson stock?
if I'm honest I think the movie industry and other companies that advertise in the theaters with ads, might sponsor movie pass. like the CEO said, your are going to consume more, so let's say it's going to be like Instagram, TH-cam, or Facebook who get money from running ads. movie pass is bringing all this potential customers who just saved $9.80 that might want to spend it on something they just saw on the commercial before the movie started. Another thing they might put limitations, such as time, date, and release date of movie.
I love this service!
So much for unlimited movies anymore. 😂
Princeofddr Dance Master and I have 100k shares invested
This aged well /s
Love the honesty about the data mining. I’d much rather make an educated decisions to use a service knowing about my data being collected and used for sales purposes than not know at all and feeling violated when the truth comes out. Also I would get down on the movie pass for couples! This is suck a good idea and honestly a lot of people have been waiting for this type of plan.
Lol that's funny saying you care about your data if you actually cared you wouldn't be using TH-cam which collects your data and Google. You were never lied to. When you signed up if you didn't read the TOC. Then that's you're fault
Not showing u screen despears when u request movie onlu could watch 430 pm fix that problems also swiped double time
HA...its not unlimited anymore! time to see films the old school way...OUT OF POCKET!! MP is a total joke. Will be lucky to survive past 12/31/18
Popcorn Pass makes more since for a Theatre that costs them $0.10 a large bag they do it for $10 a month they come out way ahead.
They are essentially hoping that you overestimate your movie going habit, sign up, be happy it's only 10 bucks, then use it less and less over the months but you still keep paying them because it's only 10 bucks. They can also gather data about the current movie going audience. It's actually a pretty smart move and ballsy move.
XtraCoco Mint well I have heard that they are bankrupt…
I talked with one of the theater managers here and they are at 1 in 5 tickets is a movie pass, not at all 1 in 35!
Other Marketing Strageties, I wonder if they could help influence a Best Picture Race??
CEO says “we will add things like that” at 4:06! They don’t know what they’re doing, it’s doomed...
Hrishikesh Shirsikar or maybe he doesn’t want to discuss business plans in details.
Very simple , it's like the insurance model.
They should make MoviePass a credit card and the $10/month comes off the card. They should also give discounts on concession items if you buy with the credit card and charge a larger fee to cinemas when a MoviePass credit card is used.
I just switched to AMC plus or w/e tonight after all these new movie pass changes
I'm from the future - You're never going to believe this but MoviePass actually shuts down.
Well I'm From 2023, and your never going to believe this but MoviePass is back!
The CEO said it’s like movie insurance meaning that they offer you the chance of getting more out than you pay in by getting lots and lots of people to sign up that will never actually use it and then when they have enough people they will force theaters to give them a better price which will cause the price to go up for anyone who doesn’t have movie pass to make movie pass apear to be an even better deal because it lets some people who couldn’t afford to see every movie go every day because of all the other people working every day to pay for the rising cost of their movie insurance. Another middle man looking to get rich off fooling people into thinking they need insurance. Then there will be different plans based on the quality of the movies you want to see and then there will be select theaters you will be forced to go to if you have movie pass. No thanks cash is king and the less people who touch it the more the consumer gets out of their purchase.
can I use the card member to purchased for an entire family?
$9 movie tickets?!? Shit here in NYC they start at $14.50
This didn’t age well
CEO of MoviePass , charge me more say 40 dollars a month and give me a concert ticket once a month. Thank you:)
In the end most of these movies are now ending up bought on Netflix and Amazon. So a lot of people actually average less per month on ticket sales. This way at least the movie industry get more concession sales and guarantee their $10/mo.
Apparently it's not.
So... Google in the movie theaters.
It didn’t work Moviepass is bankrupted now
I wish they would fix the fucking customer service
I never received a card but was charged every month. Ive made complaints with NO RESPONSE. Ive lost $40
Call them
Kyle Johnson they don’t have a phone number. They only have online correspondence
1-855-336-3632 that’s their number
They clearly have a phone number. A quick Google search would have saved you $40.
Talk about deluded. The tiers should have been more meaningful - not two tiers, two dollars apart. There should have been a premium tier, where you can see anything and everything - for a premium rate - and lower tiers with lower offerings. It was idiotic to offer 30 days' worth of movies for $10. It was fraudulent to keep promising "unlimited" movies when the service told moviegoers they could only see a movie once, let alone when it started blocking access to movies. Jacking up the rate for everybody, while decimating the movies offered, was the dumbest idea imaginable.
I CAN'T WAIT for COME TO AUST IF THAT IF EVER. COST ME ABOUT $10 PER WEEK
Smart.... i pay for Hulu but i dont even use it.
And today they're officially shut down!!
Fuck that, make movies available to watch at home I’ll gladly pay more then $10 a month
Well that didn’t work out.
Ticket sales slumped bc there hasn't been any great movies that has come out
“CAN I GET A MOVIE”
“CAN I PLEAAAAASEEE GET A MOVIE”
Movie pass Rn
Yep .. and he said it's like insurance
Yea about that...
He answers in a way, but honestly his answer to me is a gamble.. my wife and I both have it and since October we watch at least 4 movies a month, ok if I watch 2 they’re going in the hole, I wonder about the longevity..
That went well.
Watching this right after watching a video about how movie pass died because of their $10 subscription and their failed money making ventures
He seems pretty honest to me. Gets alot of hate but his business model clearly didn't provide a turnaround and it fell. I hope the new model of 3 blockbuster movies a month at the price of 14.95 will be sufficient enough to keep hmny afloat and gain a bit of traction again
they dropped the amc theater near me
how?
What a great idea
Unlimited is back $9.95 per month. Everyone in America can afford this.
He is honest at least. And yes. U get tired of goin to the movies. Plus u will spend more on popcorn. Since u will say. Hey I’m watching a movie for free
Concessions are better than ever these days!
Watch the 40 minute interview on Screen Junkies. Much more informative.
They should of started investing in buying movie theaters
Love my movie pass
The more movie you see, the more money you save. (Scoff) Yeah
On how $10/A month movies *used to be* possible*
Guess it wasn't possible after all.
Great service
The way they make money is off customers like me that pays the $10 but hardly ever go to the movies
Which is almost nobody who is scubscribed
How is that? Even if you go once a month, you are redeeming more than your monthly charge.
Hey Frank, you still think it's possible?
Plots twist: It’s not…
Ironic. The scam is over now.
Honest man i guess!!
Family package and bring a friend will be nice
I guess he swallowing his words now.
AMC was right.
Use Showbox after this is gone.
We now know it isn’t
Weird, he never mentioned that they are now trying to strong arm Theatres into giving them a percentage of ticket AND concession sales... 🤔 I will not support something that holds the Theatre's customers (us) hostage to make money off of its unsustainable system. Go with Sinimea.
Tyler Scow hes not wrong about them trying to strong arm amc, a basic google search helps. The other service is crap though ive looked.
The people benefit in the end. If AMC shares their revenue with Moviepass, we continue to share in this awesome deal that is way worth the money for us. AMC is a wealthy corporation, why would you need to care about them? Competition and business pressure is what keeps prices low.
Nothing wrong with a referral fee
Stephen Schuster actually amc has. They worked with moviepass in the before the service lowered their price.
Stephen Schuster that "pilot only" is what you said they didn't do. They experimented with the moviepass model. That was done to test a subscription plan. Which meant they were either going to continue with mp, throw out subscription all together, or create their own.
*record scratch*
Whoops, $15 a month now and will be out of business soon
Nate Heimlich why. At 3 movies max a week, your still saving around 66 percent.
Lmao this comment section is so fucking funny
Great.
the service is horrid, go to BBB if you have issues, I did
Brah I like this ceo and it's really legit
Unsustainable.
Rip
lol no
I love moviepass
Its NOT possible. they are hemmorging money. They now want a piece of concessions to help substantiate their business. this won't happen...they will be out of business very soon.
Then get your membership while you still can
Yikes