MoviePass is raising its price and cutting access to blockbusters

01 August, 2018, 03:26 | Author: Angelina Schmidt
  • Helios and Matheson Analytics Stock Is Crashing

Over the weekend, MoviePass would not allow its users to buy tickets for Mission: Impossible - Fallout, the biggest movie now in theaters. The reason for this is that while the subscriber only pays $7.95/$9.95 per month, MoviePass pays the full ticket price for every movie that the subscriber goes to watch. The company will also raise the price of a subscription by 50 percent to $14.95 per month. "If the Company is unable to make required payments to its merchant and fulfillment processors, the merchant and fulfillment processors may cease processing payments for MoviePass, Inc".

Its possible the latest changes are the only way for the company to survive after it suffered cash outages on Monday and Thursday, leading subscribers to believe the company could be on the verge of folding, according to published reports. Most recently MoviePass simply ran out of money and, as a result, folks over the previous weekend weren't able to buy movie tickets.

Zimbabwe's Robert Mugabe refuses to back successor Mnangagwa in election
Mr Mugabe added he would congratulate whichever party wins. "And let us accept the verdict". Mugabe said that he hoped to see democratic processes fully restored in the country.

MoviePass is also facing some big competition: Less than an hour after the company announced its plans Tuesday, the theater chain AMC said it has enrolled 175,000 people in its own, similar service within the first five weeks of its debut.

The company said it made the decision "to both limit cash burn and stay loyal to its mission to empower the smaller artistic film communities", according to BuzzFeed.

Winklevoss Bitcoin ETF Proposal Denied by U.S. SEC
Those familiar with Bitcoin widely believe that the SEC's approval of an ETF will increase liquidity, and cause prices to rise. Furthermore, she stated that the disapproval order undermines investor protection, albeit unintentionally.

As Business Insider revealed, this weekend's Christopher Robin and The Meg won't be available either - and by the way, both of those movies are now featured on the MoviePass app's "Coming Soon" section; perhaps they ought to fix that. That's a great idea, but then why this past weekend were indie titles like Sorry To Bother You, Three Identical Strangers, and Blindspotting unavailable in multiple theaters on my app? The $10-per-month subscription fee is often cheaper than the price of even one ticket to the movies, especially in major cities where a 2D screening can be as high as $17. After announcing it will be drastically limiting which movies you can see with MoviePass and drastically reducing the number of theaters that are supported, how about a price hike? "This change has already begun rolling out, with Mission Impossible 6 being the first film included in the measure".

"These changes are meant to protect the longevity of our company and prevent abuse of the service", MoviePass CEO Mitch Lowe said in the press release.

Underground lake with liquid salt water found on Mars
Their results suggest that a 12-mile-wide (20 kilometers) reservoir lies under ice that's about a mile (1.5 kilometers) thick. The presence of water under the Martian polar ice caps has always been suspected but not seen until now, the study said.

But, Variety notes, this is only a temporary measure for MoviePass, which has been burning through its cash since it first implemented its radical price drop from $50 a month to $10 a month in August of past year.



Will Mourinho be sacked this season?
Speaking after his young side was comprehensively outplayed in by old rivals Liverpool in a 4-1 defeat in Ann Arbour, Michigan . I think that it is possible I will have one. "We are not playing here to improve the team, the dynamic or our routines".

McDonald's to offer "Mac Coins"
Delligatti tried a bigger sesame seed bun, and the burger soon lifted sales by more than 12 percent. After similar results at more stores, the Big Mac was added to the national menu in 1968.

University Of Kentucky Student Missing In Israel After Late-Night Swim
The two friends were safely pulled back to the shore, but Jones had not been seen since despite a massive search operation. Jones was a biology major with a minor in Islamic studies who had earned a spot in the university's premedical program.

US and EU friendship helps to focus on their common foe - China
The Trump administration announced its intention to impose 25% tariffs on steel and 10% on aluminum that is imported to the U.S. If the answer is yes, the administration says it could slap 20 percent to 25 percent tariffs on $335 billion of auto imports.

Trump Threatens Government Shutdown Over Border Wall Funding
President Trump tweeted. "Must get rid of Lottery, Catch & Release etc. and finally go to system of Immigration based on MERIT! ". He did acknowledge, however, that the border funding issue was unlikely to be resolved before the November midterm elections.

LeBron James reveals one big regret about oldest son
The exception to that is James attending a Lakers' Summer League game in Las Vegas, as well as grassroots youth basketball games . In a clip from the show that will air on HBO , James was asked about his son by Jon Stewart , the former host of The Daily Show.

Israeli Forces Raid Al-Aqsa Mosque After Clashes
It said afterwards on Twitter that the boat had been "hijacked by Israeli forces". It has led to a catastrophic humanitarian situation in Gaza.

EA Origin Access Premier launches next week
EA has also announced that Origin Access Premier will be launching on July 30th. The standard Origin Access is now available for only $29.99 per-year.

MLB Rumors: Cubs Acquire Pitcher Cole Hamels In Trade With Rangers
It's worth noting that 16 of his 23 home runs allowed have come at home - that despite throwing almost the same amount of innings. Banister also said newly-acquired right-hander Eddie Butler will get consideration as a starter after the trade deadline passes.

Meghan Markle And Prince Harry Kiss At Sentebale Polo Game
After his team won by 5-4, Meghan presented the trophy to her husband and team captain Nacho Figueras . Charlie, as well as his brother Thomas , are very close to Prince William and Prince Harry .