very rare to hear a CEO as honest as him

Interviewer: sooo how will you make money? CEO: people will buy soundtracks

6 months later, moviepass is dying

Apparently it's not possible.

I've never purchased so much popcorn at theatres before. Now I purchase popcorn almost every time I watch a movie.

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..

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 😂😂😭😭😭

I always buy my snacks at Walmart before i go to the theater.

Lmao this video aged so well

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!

I watch 4-5 movies now. Plus $10 of concession and before I would rarely buy cause it gets expensive

“Better and better all the time.” Goes bankrupt in spectacular fashion, costing retail investors MILLIONS of dollars.

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.

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.

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.

This aged well…

This is Burt from the future. This is just in, no its not possible.

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!

Not showing u screen despears when u request movie onlu could watch 430 pm fix that problems also swiped double time

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!!

So much for unlimited movies anymore. 😂

can I use the card member to purchased for an entire family?

I just ordered one!!

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.

It's finally time for the greedy AMC to lower their ticket price.

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.

I live in DC area where a regular movie is around 14 dollars.

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!

I love this service!

Helios and matheson stock?

Very simple , it's like the insurance model.

Other Marketing Strageties, I wonder if they could help influence a Best Picture Race??

This aged well /s

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.

CEO of MoviePass , charge me more say 40 dollars a month and give me a concert ticket once a month. Thank you:)

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..

$9 movie tickets?!? Shit here in NYC they start at $14.50

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 dropped the amc theater near me

So... Google in the movie theaters.

CEO says “we will add things like that” at 4:06! They don’t know what they’re doing, it’s doomed...

Yep .. and he said it's like insurance

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, KZfaq, 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.

That went well.

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.

Smart.... i pay for Hulu but i dont even use it.

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.

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

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.

I CAN'T WAIT for COME TO AUST IF THAT IF EVER. COST ME ABOUT $10 PER WEEK

I never received a card but was charged every month. Ive made complaints with NO RESPONSE. Ive lost $40

What a great idea

Watching this right after watching a video about how movie pass died because of their $10 subscription and their failed money making ventures

The way they make money is off customers like me that pays the $10 but hardly ever go to the movies

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

Apparently it's not.

They should of started investing in buying movie theaters

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

Watch the 40 minute interview on Screen Junkies. Much more informative.

Fuck that, make movies available to watch at home I’ll gladly pay more then $10 a month

It didn’t work Moviepass is bankrupted now

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

I wish they would fix the fucking customer service

The more movie you see, the more money you save. (Scoff) Yeah

This didn’t age well

Unlimited is back $9.95 per month. Everyone in America can afford this.

Honest man i guess!!

Well that didn’t work out.

Great service

On how $10/A month movies *used to be* possible*

Hey Frank, you still think it's possible?

Concessions are better than ever these days!

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.

Love my movie pass

And today they're officially shut down!!

Plots twist: It’s not…

Brah I like this ceo and it's really legit

Yea about that...

Family package and bring a friend will be nice

I guess he swallowing his words now.

We now know it isn’t

Use Showbox after this is gone.

Great.

Guess it wasn't possible after all.

Whoops, $15 a month now and will be out of business soon

Ironic. The scam is over now.

I love moviepass

Lmao this comment section is so fucking funny

*record scratch*

Rip

AMC was right.

Unsustainable.

LOL 4 months later guess not

the service is horrid, go to BBB if you have issues, I did

lol no

Aaaaand it's gone

If they offered a couples package for $15, I think it would be worth it. I did not like the restrictions they had when I tried it. It was very frustrating.

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.