myDeaconmyhand
First man to get a team of horses up Bear Mountain
I'm cool, i"m just saying there are a lot of articles that RSF could have read instead of talking out of his ass and trying to clown me, when all I did was describe Movie Pass's current business model:
https://www.nytimes.com/2018/04/26/business/media/moviepass-subscription-service-tickets.html
"MoviePass believes it can make money by striking bulk ticket pricing partnerships with theaters; charging studios fees to promote new films to members; and perhaps even growing big enough (20 million subscribers is a goal) to demand a slice of concession revenue, although Mr. Lowe appears, for now at least, to have backed away from that particular aspiration.
“It’s really a mistake for people to think that we’re after their concessions,” he said."
https://newrepublic.com/article/147416/moviepass-doesnt-know-make-money-yet
"Theater chains like AMC are understandably concerned about MoviePass’s potential to devalue ticket prices, which have dramatically escalated over the past few years. MoviePass’s goal is to scale up as quickly as possible, then use its newfound leverage to extract concessions from theaters. The hope is that MoviePass will become a layer between theaters and moviegoers, as well as between those moviegoers and restaurants and services like Uber. In its skirmish with AMC, MoviePass may have been testing the waters for a deal now, before MoviePass theoretically grows so big that it could disrupt the industry entirely."
https://www-vox-com.cdn.ampproject....rvive-theater-make-money-unlimited-cancel-amc
For a struggling theater industry, that could be a boon. The National Association of Theatre Owners recently indicated that the number of tickets sold in the second quarter of 2018 fell 6 percent from the first quarter, and that US movie admissions in 2017 fell 6 percent, for the lowest earnings since 1995. The industry is in trouble, and it doesn’t seem like adding comfier chairs and better food is going to save it if à la carte ticket prices keep going up.
So it makes sense for a subscription service to evolve to compete with that older model. And even if MoviePass fails, the model it’s operating on is already being tested by other theaters. Some cinemas (especially small and independent theaters in locations that have a devoted filmgoing audience) have started membership programs that give subscribers access to discounted or free tickets and other special events.
https://www.nytimes.com/2018/05/16/technology/moviepass-economy-startups.html
"If you’re still skeptical, I don’t blame you. It used to be that in order to survive, businesses had to sell goods or services above cost. But that model is so 20th century. The new way to make it in business is to spend big, grow fast and use Kilimanjaro-size piles of investor cash to subsidize your losses, with a plan to become profitable somewhere down the road...
...Silicon Valley wrote the playbook for spending money in pursuit of growth, and the tech industry remains a hotbed of fast-growing yet unprofitable companies. Uber, which is expected to go public next year, reportedly lost $4.5 billion last year as it sought to expand internationally and fought price wars with competitors including Lyft. Snap lost $3.4 billion last year, its first as a public company. Airbnb just had its first profitable year after a decade of investor-backed losses.
But the smell of burning cash has spread beyond Silicon Valley. Spotify, the popular music streaming service based in Sweden, lost $1.5 billion last year, even as it continued to add millions of users. New York-based Blue Apron, the meal-kit delivery service that conducted one of last year’s most-watched initial public offerings, has not yet had a profitable quarter. ADT, the home-security company based in Boca Raton, Fla. that went public this year, posted a $157 million loss last quarter...
...MoviePass’s business model — which Slate described as “creatively lighting money aflame in order to subsidize the movie-going habits of some 3 million customers” — has turbocharged its growth. And the company maintains that it can make money by striking revenue-sharing deals with theater chains, or charging movie studios to advertise inside its app."
https://www.nytimes.com/2018/04/26/business/media/moviepass-subscription-service-tickets.html
"MoviePass believes it can make money by striking bulk ticket pricing partnerships with theaters; charging studios fees to promote new films to members; and perhaps even growing big enough (20 million subscribers is a goal) to demand a slice of concession revenue, although Mr. Lowe appears, for now at least, to have backed away from that particular aspiration.
“It’s really a mistake for people to think that we’re after their concessions,” he said."
https://newrepublic.com/article/147416/moviepass-doesnt-know-make-money-yet
"Theater chains like AMC are understandably concerned about MoviePass’s potential to devalue ticket prices, which have dramatically escalated over the past few years. MoviePass’s goal is to scale up as quickly as possible, then use its newfound leverage to extract concessions from theaters. The hope is that MoviePass will become a layer between theaters and moviegoers, as well as between those moviegoers and restaurants and services like Uber. In its skirmish with AMC, MoviePass may have been testing the waters for a deal now, before MoviePass theoretically grows so big that it could disrupt the industry entirely."
https://www-vox-com.cdn.ampproject....rvive-theater-make-money-unlimited-cancel-amc
For a struggling theater industry, that could be a boon. The National Association of Theatre Owners recently indicated that the number of tickets sold in the second quarter of 2018 fell 6 percent from the first quarter, and that US movie admissions in 2017 fell 6 percent, for the lowest earnings since 1995. The industry is in trouble, and it doesn’t seem like adding comfier chairs and better food is going to save it if à la carte ticket prices keep going up.
So it makes sense for a subscription service to evolve to compete with that older model. And even if MoviePass fails, the model it’s operating on is already being tested by other theaters. Some cinemas (especially small and independent theaters in locations that have a devoted filmgoing audience) have started membership programs that give subscribers access to discounted or free tickets and other special events.
https://www.nytimes.com/2018/05/16/technology/moviepass-economy-startups.html
"If you’re still skeptical, I don’t blame you. It used to be that in order to survive, businesses had to sell goods or services above cost. But that model is so 20th century. The new way to make it in business is to spend big, grow fast and use Kilimanjaro-size piles of investor cash to subsidize your losses, with a plan to become profitable somewhere down the road...
...Silicon Valley wrote the playbook for spending money in pursuit of growth, and the tech industry remains a hotbed of fast-growing yet unprofitable companies. Uber, which is expected to go public next year, reportedly lost $4.5 billion last year as it sought to expand internationally and fought price wars with competitors including Lyft. Snap lost $3.4 billion last year, its first as a public company. Airbnb just had its first profitable year after a decade of investor-backed losses.
But the smell of burning cash has spread beyond Silicon Valley. Spotify, the popular music streaming service based in Sweden, lost $1.5 billion last year, even as it continued to add millions of users. New York-based Blue Apron, the meal-kit delivery service that conducted one of last year’s most-watched initial public offerings, has not yet had a profitable quarter. ADT, the home-security company based in Boca Raton, Fla. that went public this year, posted a $157 million loss last quarter...
...MoviePass’s business model — which Slate described as “creatively lighting money aflame in order to subsidize the movie-going habits of some 3 million customers” — has turbocharged its growth. And the company maintains that it can make money by striking revenue-sharing deals with theater chains, or charging movie studios to advertise inside its app."
