HOLLYWOOD STOCK EXCHANGE
THE ENTERTAINMENT MARKET
THE ENTERTAINMENT MARKET
thought they didn't buy EFO. they only had the option to and didn't have the money to complete it.
Formed a joint venture with EFO though. Moviefone,American Animals and all the rest only cost them like $5-10 million. In July only they lost over $45 million. Maybe if they started with a ton of money, they might have enough subscribers. I don't know if the appetite is there for this type of service anyways on a huge level. They were practically giving money away since november and got less than 4 million subs.
reddit: speaking of MoviePass, this was posted in r/PrematureCelebration =P Jul 28, 22:16
as i said at the time, MP should have used it as an excuse/justification for raising it's own subscription price {nm} Jul 28, 22:43
The problem for MoviePass is that they had a flawed and unsustainable buisness model. Jul 29, 07:59
they also wanted to get to a high subscriber base so that they could control a significant portion of the total box office Jul 29, 08:07
That's a flawed premise. Jul 29, 08:23
If the fatal flaw was they got the pricing wrong, someone else can/will get the pricing right {nm} Jul 29, 09:57
they shouldn't have gotten into distribution or bought Emmett Furla Oasis Films and Moviefone Jul 29, 10:28
thought they didn't buy EFO. they only had the option to and didn't have the money to complete it. Jul 29, 12:46
4 million is a lot and accumulating customers is the hardest part {nm} Jul 29, 12:54
AMC may be boxing MoviePass out. I went to my local AMC this morning to see EQLZ2.. Jul 29, 11:50
About the only hope Moviepass has is if someone swoops in and buys them {nm} Jul 29, 12:10