Moviepass may or may not be an investment worth spending money on. Tracking moviepasss bumpy history the new york times. If you cant pick out at bare minimum 1215 movies that youd want to go see in a theater, then moviepass will probably not be a substantial value for you. How many subscription services have you signed up for. But with companies like moviepass footing the bill for people to see bad movies without guilt, it might help move the needle to some extent. I decided to get moviepass a couple of months ago when it ran an even better promotion.
Purchased yearly plan for my brother and me for christmas 2018. Skylar meyers 520 if you had asked me last week about moviepass, i would have told you its the best deal ever. Moviepass is another subscription to keep track of. Moviepass is rapidly running out of cash to support its. Ive said that id keep on using it up until its not worth having anymore. Since thats cheaper than a single ticket in most places, people flocked to it. He says he expects moviepass will reach 5 million subscribers and break even by the end of 2018. Eventually, it became clear that they werent making back their money as quickly as they were being forced to spend it. Regardless of whether its worth it or not, the service is down at the moment, so youll have to wait if you want to give it a try. Three movie subscription services, and when theyre worth it the. Old moviepass once tried to make a premium offering work with amc in 2014. For the foreseeable future, amc and moviepass are going to duke it out. But people didnt like hearing they were being tracked. You can watch around thirty movies in theaters every month for ten bucks.
If the saying you have to spend money to make money is true, than moviepass can hopefully become profitable once it surpasses its 5 million subscriber projections by the end of 2018. Moviepass weekend from hell proves the service just isnt worth it anymore. Moviepass subscriber rolls plunged from more than 3 million last year to just 225000, according to a new report. You were paying more for concessions because you went more often at least i was. Dont look now, but the summer of 2018 might be a movie lovers paradise. Not only has hollywood set up an outstanding lineup, but this is the first summer with two monthly movie subscription plans to choose from. Moviepass offers an unprecedented deal for moviegoers.
Moviepass is no longer too good to be true the verge. Movie tickets used by moviepass subscribers in april 2018. Moviepass made waves when it launched, but its not the only movie. Legal support for creatives, artists, and innovators. On may 8, 2018, moviepass owner helios and matheson analytics inc. How moviepass makes or doesnt make money investopedia. Thousands of investors got creamed trying to snatch cheap. The first time i tried to use my pass, it would not work. Moviepass, the subscription movie theater service that is far too good to be true, is rapidly running out of money. We lay out what you can expect from your card and whether its still worth the price of admission.
Using the moviepass app, it enables users to watch 1x movie a day at participating theaters. Movie pass said they would reimburse me the cost of the ticket, but that never happened and it will take you more time than its worth. With my moviepass card coming in the mail this week, i give my thoughts on the concept of moviepass, the benefits i feel it. Moviepass is worth it if you like a lot of movies and go to the theater at least semioften twice a month minimally for most months. How does moviepass work, and is it too good to be true. From theaters being dropped from their list to absolutely horrible customer service, theres a good reason the company has an f rating.
Read on to see what you get for your money and whether. Moviepass exploded in popularity because of its low price. This is a newly implemented customer service phone number which appears on the back of your card march 2018. I have been to the movie several times and have been unable to use the movie pass. The service isnt without its downsides, as ive learned.
Anecdotally this seems to be the case for most peo. Take a quick look at this list of upcoming movies for 2018. Moviepass subscribers drop over 90%, from 3 million to 225,000. Why theres likely no good ending in sight for moviepass. This monthly membership fee makes it fairly easy to determine if moviepass is worth it to you. The spectacular rise and fall of moviepass marketwatch. And its now in beta, following the ol gmail formula of needing an invite to join. As of an announcement in august 2018, moviepass unlimited is no longer unlimited now, you. To give some real world perspective, my wife and i joined roughly 2 months ago and have already seen 5 movies using movie pass.
But before you sign up, there are still a few things to consider. For about the cost of a monthly netflix subscription, moviepass enables customers to visit a physical movie theater and view one movie every. The stock of the parent company plunged almost 30% following the news. Good thing i was able to get my moneys worth prior to their demise. As for moviepass, its still a good deal if you regularly see 23 movies per month and dont mind seeing them in 2d. Not only has hollywood set up an outstanding lineup, but this is the first summer with two monthly movie subscription. Moviepass has 2 million subscribers, but is it worth it. Moviepass reduces the number of movies that subscribers can see from one a day to three a month. Movies must be booked through the moviepass app, and be paid for at the box office with the moviepass mastercard. In april 2018, moviepass also changed its policy to prevent you from seeing specific movies more than once. As the stock was falling, investors on the robinhood app were snapping up shares. There are a few things to consider if you are on the fence about subscribing.
Heres 12 good reasons why membership to moviepass isnt worth it. If you arent the person that only wants to see infinity war over and over and over but would rather take a chance on a low budget flick. New moviepass, owned by analytics company helios and matheson, unlisted amcs ten busiest theaters on the app in january 2018. Moviepass chief blames fraud for last years unlimited plan fail. In other words, the moment when moviepass stops being worth it is feeling closer than. Dont buy a movie subscription plan until you read this. Moviepass drew ire from subscribers when the discount ticket app announced restrictions on how many films you could see per month and how often you could see them. Heres everything you need to know about the subscription service and if its worth it. And i think, im not 100 % sure, that moviepass ended that tracking policy. Moviepass is certainly worth the money for those who live in areas like washington, where the app says it works at three amc theaters loews georgetown, loews. Moviepass pays theater owners the full price of each ticket that its subscribers use. The amc loews uptown, shown here during the opening of the hunger games, is one theater where. In january 2018, moviepass showed how they can use that data to market. It was worth it, but just make sure to let your friends know what the deal is ahead of time.