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  #201  
Old 07-27-2018, 01:38 PM
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Note to self - never invest a penny in Hudson Bay Master Fund Ltd, who apparently thought lending Moviepass $5 million was a sound investment.
  #202  
Old 07-27-2018, 01:53 PM
Jonathan Chance Jonathan Chance is offline
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Taking bets! One week? One month? Three months?

Make your call!
  #203  
Old 07-27-2018, 01:54 PM
Little Nemo Little Nemo is offline
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Our neighbor was offered the annual deal, but I guess the wife and I don't rate that, as we've heard nada.
Looks like you dodged a bullet.
  #204  
Old 07-27-2018, 01:55 PM
Dewey Finn Dewey Finn is offline
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Originally Posted by Eyebrows 0f Doom View Post
Whelp, this might just be it. Moviepass has filed with the SEC that there has been a service interruption due to lack of funds.
This is after they did a 1-for-250 reverse stock split (a couple of days ago) to get the stock from eight cents to twenty bucks. Now it's at $2.61.
  #205  
Old 07-27-2018, 01:57 PM
Jonathan Chance Jonathan Chance is offline
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Yeah, at noon the original price would have been 1.5 cents per share.
  #206  
Old 07-27-2018, 02:25 PM
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Taking bets! One week? One month? Three months?

Make your call!
Five million is enough for about a week of business, though I expect passholders to up their viewing to squeeze value before that runs out.
  #207  
Old 07-27-2018, 03:09 PM
Eyebrows 0f Doom Eyebrows 0f Doom is offline
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I think the 5M was just to pay off debts to WorldPay, not to fund new purchases. They still have no $$ to load on cards.
  #208  
Old 07-28-2018, 06:48 AM
SenorBeef SenorBeef is offline
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Yep, this is the final death throes, they'll probably be going for another week. They've already de-listed Mission Impossible simply to save money, which is a desperation measure, and they've got surge pricing on a ridiculous number of films in a pattern that makes no sense, which again is just desperation to lose a little less so they can keep going for another week or two. What that buys them, I don't know.

They did some stock market stuff (reverse split?) just to keep the share price high enough to remain on the Nasdaq but lost like 80% of that since then.

Ah well, it was good while it lasted. Made me realize how few good movies are coming out that I hardly go to the movies even when it's free/already paid for. I think I averaged like 2.2 movies a month or something. We don't have an arthouse theater here and so I only really get a chance to see the medium to big movies, and there just haven't been many in the last year. Wall to wall comic book movies.
  #209  
Old 07-29-2018, 12:25 AM
Eyebrows 0f Doom Eyebrows 0f Doom is offline
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It’s made me realize just how many good movies are released each month! I hope eticketing manages to hold on til Monday so I can see RBG.

Last edited by Eyebrows 0f Doom; 07-29-2018 at 12:26 AM.
  #210  
Old 07-29-2018, 03:28 PM
SenorBeef SenorBeef is offline
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Service is kind of useless now. Surge pricing is a joke. At my favorite theatre today every showtime of every movie has a surcharge of 6 or 8 dollars. Almost all 8. So now I'm paying 10 a month for a small discount on tickets but with extra hassle.
  #211  
Old 07-29-2018, 06:51 PM
Sam Lowry Sam Lowry is offline
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I got the $8 per month plan but had to pay for a year up front, but now I'm glad for that because I don't get the surge pricing add-on. I was going to go see Mission Impossible Friday to use MoviePass while they still had money, but since that wasn't an option saw Three Identical Strangers instead, and it was really good. Then I went to see Blindspotting today also using MoviePass. I've already got my money's worth so I'm just going to keep enjoying it while it lasts.

I've heard that AMC has a good MoviePass-like program, but there aren't really any AMCs convenient to me. If Regal starts a program I'll probably sign up for it. I'm guessing MoviePass won't last for much longer, but the idea behind it will live on in other programs that have their math figured out better.
  #212  
Old 07-30-2018, 12:14 AM
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Originally Posted by SenorBeef View Post
Service is kind of useless now. Surge pricing is a joke.
Working as intended, I bet.

Keeping surge pricing to two or three bucks means they're losing slightly less money on every ticket. Choking out certain markets altogether means a lot less bleed, and even losing a bunch of customers gives them more time to do whatever voodoo they're trying to do to stabilize their stock and secure more money.

Cancelling a plan locks customers out of resubscribing for a year, but I bet we'll see a new (and much more limited) plan that anybody can sign up for even if they're in that lockout period.

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I got the $8 per month plan but had to pay for a year up front, but now I'm glad for that because I don't get the surge pricing add-on.
Yep, and I've got the better part of a year left on mine. If we take as a given that MoviePass is ultimately doomed, I'm good with tactics that let them limp along for as long as possible.

Last edited by Johnny Bravo; 07-30-2018 at 12:17 AM.
  #213  
Old 07-30-2018, 01:41 AM
kaylasdad99 kaylasdad99 is offline
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Originally Posted by Eyebrows 0f Doom View Post
Whelp, this might just be it. Moviepass has filed with the SEC that there has been a service interruption due to lack of funds.

https://www.businessinsider.com/movi...rce=reddit.com

Last night around 5:30pm or so, all cards started being declined nationwide, and today the service is still down (with all showing of Mission Impossible 6 greyed out and unable to be purchased even if the check in worked.) E-ticketing theaters still work, but I would now be surprised if they last til Monday. I just bought an E-ticket for MI:6 tonight, it might well be my last Moviepass film.

My first movie was "American Made" and possibly my last might be MI:6! Tom Cruise seems to have bookended my Moviepass life.
My daughter says that it’s still working for her (Orange County, CA). I don’t want them to cancel the service the day after her next membership fee is deducted from her checking account, so I’ve told her to keep an eye on their status and be ready to cancel at a moment’s notice.

Last edited by kaylasdad99; 07-30-2018 at 01:42 AM.
  #214  
Old 07-30-2018, 01:50 AM
Eyebrows 0f Doom Eyebrows 0f Doom is offline
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E-ticketing is currently still up and running (I just bought a ticket for tomorrow night) but reddit is reporting that regular check-ins have been disabled for almost the entire weekend. I don’t know if they will be back up tomorrow or not. I’m going to just use e-ticketing for the week until the company totally runs into the ground. I will be surprised if it lasts much into August.
  #215  
Old 07-30-2018, 02:16 AM
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It'll be hilarious if this creates a run on movie tickets, as every member tries to milk their account for as much as possible before they shut down.

Oh well. Thanks for all the tickets, MoviePass. It's been real.
  #216  
Old 07-30-2018, 07:42 AM
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It's beyond me what brain trust thought that this was a good idea.
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  #217  
Old 07-30-2018, 11:35 AM
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So right now the app isn't showing any new movies as playing in my area. Not greyed out as "premium showings" but simply not appearing for me. They've also removed the "unlisted showing" option so I can't buy a ticket that way. The MP subreddit seems to be reporting a lot of this.

As with the screwed up surge pricing, I'm guessing this is a money-saving feature disguised as technical difficulties.
  #218  
Old 07-30-2018, 01:57 PM
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It's beyond me what brain trust thought that this was a good idea.
Those who got their money out early, same as any other Ponzi scheme.
https://markets.businessinsider.com/...8-7-1027407886
  #219  
Old 07-30-2018, 06:14 PM
SenorBeef SenorBeef is offline
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It's dead now. I can't really complain about what I've got out of moviepass but their death throes are really ugly. They're Baghdad Bobbing it and are pretending it's technical problems instead of just admitting the death.
  #220  
Old 07-30-2018, 06:19 PM
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More death tolls.
  #221  
Old 07-30-2018, 11:56 PM
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Hey, it works again. Roller coaster bankruptcy.

I have some movies listed in the local theater and no peak pricing even. I may try to sneak in a movie if they don't go out of business again in the next hour.
  #222  
Old 07-31-2018, 04:46 AM
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I actually managed to see a movie tonight with no surcharge or anything. It was almost like the service I signed up for, except Mission Impossible and apparently future blockbusters are off limits.

It was strange, I almost felt like I was doing something wrong or sneaky by using the service. I guess I feel like I was rushing in there to catch a movie before another outage or perhaps the final one.
  #223  
Old 07-31-2018, 09:37 PM
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And we're back to "no more screenings at this theater today"
  #224  
Old 08-02-2018, 12:22 AM
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Apparently MP managed to pay back that payday loan they took out (20% interest for less than a week) so they've got some sort of funding coming from somewhere. Earlier today, I looked at the service today around 4pm and saw that 3 movies, all with 10pm showtimes or later, were available on the app. This was at a 16 screen theater, so not only should there have been showtimes before 10pm (obviously), but even if for some reason we were restricted to the last showtime, there should've been more movies available. But one of the 3 was one I wanted to see, so I had actually planned to go, but now when I look we're back to "no screenings at this location"

So apparently if you actually want to see a movie, you'll have to see which few movies have one showtime available on the app, go purchase them early, then go back to the movie theater later. Until the randomness of the service changes tomorrow. Must be really annoying to be on your way to a theater that shows a screening and then cancels everything by the time you get there.

If you live near AMC theaters, they revealed their own A-list subscription service which is $20 a month for 3 movies a week, but you can do normal online reservation, and that includes special 3d and big screen showings at no extra charge. If my normal theaters were AMC I'd probably give it a try. I'm hoping either Regal or preferably Galaxy comes out with their own version of this. The lasting impact of moviepass might be having theaters themselves come up with their own subscription service, where the business model can be far more viable because they don't pay full retail price for tickets and because they make money on the increased attendance due to concessions.
  #225  
Old 08-04-2018, 02:38 PM
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The wife and I have been busy with friends here visiting and so no time for movies. But our neighbor has been put out by not being allowed a ticket a time or two. And it looks like the new Mission: Impossible film is excluded from MoviePass at all theaters here, at least for now.
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  #226  
Old 08-05-2018, 01:15 PM
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Yeah, the available movies are just a random smattering. At the nearest 16 screen theater, there are a total of 9 showtimes of 5 movies available today. All but two are past 10pm. Sometime this afternoon, it will switch to "no screenings available", meaning that those after-10 showings are basically moot. 3 of them have surge pricing.

I suppose you could go to your local movie theater at 10am, and buy tickets for a 10:30pm showing before the service is cancelled for the day. That's literally the only way to use the system now.

I don't know what the point of dragging on like this is, it's obvious they're dying. It's like they have some bizarre bet they win if they're still going in a week or something, so they're dragging along a dead service as little as possible to still technically be functioning.

I was hoping I could sneak in another movie but I'm too lazy to make two trips to the movie theater just to see something and there's a chance when I get to the actual theater the showtime I wanted to see will be cancelled anyway. My monthly sub renews in 2 days, so I'm going to go ahead and cancel. Too bad.
  #227  
Old 08-05-2018, 01:20 PM
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I don't know what the point of dragging on like this is, it's obvious they're dying. It's like they have some bizarre bet they win if they're still going in a week or something, so they're dragging along a dead service as little as possible to still technically be functioning.
How often do subscribers get billed for their subscriptions? I'm wondering if they're hoping to limp along for a few more weeks, still getting subscription income, while getting billed for very few actual tickets, so that the VC investors can get back a little more of their money before the company finally gives up.
  #228  
Old 08-05-2018, 01:29 PM
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There are monthly and yearly plans, the date of subscription starts whenever you activated your card. It's possible but with the mass cancellations and still paying out some tickets (e-ticketing theaters work, and some people probably actually do go buy tickets early) I doubt they're actually turning a profit even with the mostly dead service.
  #229  
Old 08-05-2018, 04:41 PM
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We're billed $9.95 apiece once a month. Even if we do have to pay separately for our Mission: Impossible tickets, it still takes only one movie a month to break even. We'll watch something. Here in Hawaii, it doesn't look to be shutting down early in the day, as I noticed several films were still available in the afternoon, which is when the wife and I usually watch.
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  #230  
Old 08-05-2018, 08:58 PM
Eyebrows 0f Doom Eyebrows 0f Doom is offline
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I’ve already seen 5 films in August (and yes today is Aug 5.) I’m gonna hold on to this service til the bitter end!
  #231  
Old 08-06-2018, 11:35 AM
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MoviePass is now limiting people to only three movies a month.
  #232  
Old 08-06-2018, 12:15 PM
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Here’s another link. The above one is from the Wall Street Journal and is paywalled.

https://money.cnn.com/2018/08/06/med...nth/index.html
  #233  
Old 08-06-2018, 12:46 PM
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Whoops. I didn't consider if people could see it. I have a subscription, so everything appeared. I'll be more mindful of that next time.
  #234  
Old 08-06-2018, 12:52 PM
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From the article:

Quote:
"It has become clear that a small number ó only 15 percent ó of the subscriber base has been stressing the system," Ted Farnsworth, the CEO of parent company Helios and Matheson (HMNY), said in a news release.
Those goddamn selfish bastards! They're the problem, using the service they paid for!
  #235  
Old 08-06-2018, 01:01 PM
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Those goddamn selfish bastards! They're the problem, using the service they paid for!
That 15% number doesn't seem unreasonable to me. How does it compare to other industries which offer one price for unlimited use (buffet, gyms, season pass, etc). I would guess it would be normal in all those kinds of places where 15% of the people take all they can, 15% take almost nothing, and the rest partake a more average amount. Should it be considered unusual at all that 15% of the MP members use it that much?
  #236  
Old 08-06-2018, 01:02 PM
Eyebrows 0f Doom Eyebrows 0f Doom is offline
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From the article:



Those goddamn selfish bastards! They're the problem, using the service they paid for!
And they are still even promoting the "See a new movie every day" plan on their website!!
  #237  
Old 08-06-2018, 03:58 PM
Wesley Clark Wesley Clark is online now
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MoviePass is now limiting people to only three movies a month.
That always should have been their policy. How did they think they would make money off the tiny minority of users who pay $10/month for a moviepass card and then watch $200/month in movies?
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Last edited by Wesley Clark; 08-06-2018 at 03:58 PM.
  #238  
Old 08-06-2018, 04:47 PM
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As per this article in the Washington Post about MoviePass, and the three-films-a-month limit:

Quote:
Two law firms announced on Monday that they have begun seeking defendants for class action litigation against MoviePass parent company Helios and Matheson Analytics, claiming that the company overinflated MoviePassís profitability when presenting information to investors, who then lost money.
Quoting one of the lawsuit filings:

Quote:
According to the lawsuit, defendants during the Class Period made materially false and/or misleading statements and/or failed to disclose that: (1) Helios and Matheson was touting MoviePassí valuation and path to profitability; (2) MoviePassí business model was not sustainable; (3) consequently, Helios and Matheson would run out of cash; (4) defendantsí actions were only reducing shareholder value; and (5) as a result, defendantsí statements about Helios and Mathesonís business, operations, and prospects were false and misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.
  #239  
Old 08-06-2018, 06:24 PM
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So did anyone else have the issue this weekend where the available number of tickets was consumed early in the day and you weren't able to see any movies, irregardless of how many you've previously seen?

It was all over social media but I haven't seen a press story on it yet. Best guess is that it's related to this story in a very extreme way. https://www.businessinsider.com/movi...the-app-2018-7

I had planned to go out Sunday Night to see a movie (Ant Man & Wasp) and was looking for showtimes around 6:30 PM. Literally every theater that wasn't a "e-ticketing" theater said "no available showtimes" for the entire night.

Unclear if this was some kind of service outage or if there was some kind of draconian throttling in place. Perhaps they simply ran out of money to fund ticket purchases for the whole weekend, not sure. No idea....but I was real close to cancelling on the spot. Decided to wait out the rest of my billing cycle and see if things settle down.

Last edited by Omniscient; 08-06-2018 at 06:29 PM.
  #240  
Old 08-06-2018, 08:40 PM
Eyebrows 0f Doom Eyebrows 0f Doom is offline
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Perhaps they simply ran out of money to fund ticket purchases for the whole weekend, not sure.
Bingo. That is exactly it. The "disappearing showtimes" thing started the weekend of July 27th when all their recent money problems started. It's been happening every day since. The MoviePass subreddit has been keeping detailed daily information: https://old.reddit.com/r/MoviePassCl...eekday_thread/

I expect the same behavior to continue for at least the rest of August.

Last edited by Eyebrows 0f Doom; 08-06-2018 at 08:41 PM.
  #241  
Old 08-06-2018, 11:44 PM
Omniscient Omniscient is offline
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I just tried to get tickets for today, Monday night, and found that few movie times were available. You could pick either a pre-7PM or post-10PM slot with the occasional post-9PM slot for certain movies if it happened to also be the last showing of the night. So basically, if you can't see a low demand movie in prime time on a MONDAY NIGHT this service is totally pointless.

Also noticed that both Christopher Robin and Mission Impossible were entirely blacked out.

I might be able to live with weekend prime time blackouts or first week blackouts, but this seems to be something totally different. Almost like they are actively trying to block customers from using the service at all until the new polices and prices kick in next billing cycle. Shady shit.
  #242  
Old 08-07-2018, 12:40 AM
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So basically, if you can't see a low demand movie in prime time on a MONDAY NIGHT this service is totally pointless.
Sounds like it's time to cancel.
  #243  
Old 08-07-2018, 01:05 AM
Siam Sam Siam Sam is offline
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MoviePass is now limiting people to only three movies a month.
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Originally Posted by Eyebrows 0f Doom View Post
And they are still even promoting the "See a new movie every day" plan on their website!!
I think the three-a-month rule doesn't start until August 15, so try to get them in now. This rule won't put us out, because I think three a month is about the max we see now anyway. Just no time. And if it means we can see the Mission: Impossible-type films via MP again, that's fine.


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Originally Posted by Panther Modern View Post
Sounds like it's time to cancel.
Why? As long as you can use the card even once a month, you've broken even.
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  #244  
Old 08-07-2018, 01:47 AM
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Why? As long as you can use the card even once a month, you've broken even.
Not a customer, but I wouldn't want to do business with a company that operates the way they have, with the corporate skeletons they have. Plus, all the hassle with the what/when/where you can see anything hardly seems worth it unless you're seeing a lot of movies in a month, which I'd never want to do, particularly with all the rigamarole.


And if you look at the eventual business plan that would be required for them to maintain their price points, they basically have to start playing hardball and squeezing the theaters, at some point. In the end, they're an extraneous, rent-seeking middleman using the stock market and venture capital to try to corner a distressed market.

Last edited by voltaire; 08-07-2018 at 01:48 AM.
  #245  
Old 08-07-2018, 08:09 AM
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I'm not quite sure what the point of all this reinvention is. They have no money. Having a more sustainable plan like 3 movies a month would've been a good plan 6 months ago, but they can't afford their day to day expenses, so I don't know what the point of all this is. I guess they're just desperate to get new investor money with their "sustainable" new business plan. But I can't imagine it's coming. Even if someone starts buying their stock again, it's almost worthless - it seems like it would be difficult to fund them that way unless they sold billions of shares at a few pennies.

I wish I had a good AMC theater nearby because A-list is a way better service than the newly reinvented moviepass - for $5 more a month, you can see 12 movies a month instead of 3, you can use their online booking process to reserve seats/showtimes, and you can see premium (3d/imax) showings. If Regal or Galaxy Theaters comes up with something similar I may end up signing up for it. And it sounds like while moviepass is giving up peak pricing going forward, they're still going to block popular new movies and possibly have a random subset of showtimes available.

Last edited by SenorBeef; 08-07-2018 at 08:12 AM.
  #246  
Old 08-07-2018, 08:23 AM
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Reading up on it, it appears they intend to keep the $10 price (at least nowhere mentions $15) - but I remember them announcing they were transitioning to $15 a month sometime during August. So I guess the new 3 movies a month plan means it stays at $10? That would still be a deal worth doing it they actually offered a full list of showtimes. I'm not confident we won't continue to get a random list of showtimes that disappear throughout the day, which wouldn't be worth messing with.
  #247  
Old 08-07-2018, 12:27 PM
Eyebrows 0f Doom Eyebrows 0f Doom is offline
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Quote:
Originally Posted by SenorBeef View Post
Reading up on it, it appears they intend to keep the $10 price (at least nowhere mentions $15) - but I remember them announcing they were transitioning to $15 a month sometime during August. So I guess the new 3 movies a month plan means it stays at $10? That would still be a deal worth doing it they actually offered a full list of showtimes. I'm not confident we won't continue to get a random list of showtimes that disappear throughout the day, which wouldn't be worth messing with.
The $15 price increase was scrapped. The service will now become either $9.95 for 3 films or nothing. At least until they decide to change it again.

The way they worded the information about the 3-per month cap, I am certain they will still be blocking certain films and showtimes. I'll see how it goes for the month of September, if it continues how it's been for the past week, I'm switching to A-list.
  #248  
Old 08-07-2018, 10:13 PM
Omniscient Omniscient is offline
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Quote:
Originally Posted by Siam Sam View Post
I think the three-a-month rule doesn't start until August 15, so try to get them in now. This rule won't put us out, because I think three a month is about the max we see now anyway. Just no time. And if it means we can see the Mission: Impossible-type films via MP again, that's fine.
Quote:
Why? As long as you can use the card even once a month, you've broken even.
The 3-a-month rule is fine so long as they aren't stacking other restrictions on top of it, especially what seem like arbitrary ones that are impossible to predict, which is what the state of things are now.

As it stands, they are making it impossible to see any movies unless you literally have no other obligations and no preferences on what you see.
  #249  
Old 08-12-2018, 10:08 PM
Siam Sam Siam Sam is offline
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We did use MoviePass to watch Mission: Impossible -- Fallout yesterday afternoon. They finally unblocked that one. If you don't have to be one of the first to see a film, then it's still good.
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  #250  
Old 08-15-2018, 12:47 AM
Siam Sam Siam Sam is offline
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Got an e-mail from MoviePass that echoed what I'd read in an article. It's now three films a month, but subsequent tickets will be subsidized at $2-5 each.
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