Following some pretty major PR nightmares, it's clear that MoviePass needs to do something drastic in order to stay afloat. What it's doing, however, likely won't make a lot of people happy. Following a massive service outage that left many unable to use their subscription for a day or more, MoviePass has now announced that, in addition to blocking access to major releases for a period of two weeks, Moviepass has also increased its subscription price from $9.95 to $14.95 a month.
While $14.95 is still a long way from the $30 a month price the service initially launched with, it does raise the price to the point where, at least in many markets, a single movie viewing a month won't pay for the subscription by itself. There were a lot of questions when the price was originally lowered about how such a price point was sustainable, and it seems clear by this change that it simply was not. Whether MoviePass thought it could leverage its user base to get ticket discounts from theaters or the company simply believed many people would sign up and then not use the service, it became clear last week that the current model when MoviePass apparently literally ran out of money and had to borrow $5 million just to keep things moving.
Over the weekend, movie fans were angry to discover that they could not purchase a ticket to Mission: Impossible - Fallout and it turns out that's going to remain the case for all other major releases as movies that open on over 1,000 screens will be blacked out for two weeks on the service going forward.
The only place where the price increase was met positively was on Wall Street where CNN reports MoviePass' stock doubled following the announcement. However, it then began to drop again and gave up everything it had gained.
A price increase will clearly cause some subscribers, who haven't already left MoviePass, to cancel their subscription. In the end, that may be a good thing, as people leaving the service who have cost MoviePass money over the last year means the cost of supporting everybody else becomes cheaper. Perhaps that, combined with the price increase, really will keep MoviePass going. Of course, in addition to those who cancel because they can't see the latest new release, will come the cancelations from those who simply don't use the service as much and don't want to spend the extra $5, which are the people MoviePass probably wants to keep.
Clearly, things are changing yet again in the movie ticket subscription business. Some companies are already trying to cash in on the MoviePass situation and we'll have to wait and see what happens next.
You know how much my daughter and I LOVE SOLO: A STAR WARS STORY. We've both written multiple posts about it and have shared it all over social media. It was so well done, and Alden Ehrenreich did a great job as Han Solo. No, he's not Harrison Ford, and he's not the same Han as Harrison Ford was at the time of A NEW HOPE. He's a younger
SOLO: A Star Wars Story: Fan Edit Ideas - originaltrilogy.com
TV Series News - Captain Marvel Had To De-Age Samuel L. Jackson In A Huge Number Of Shots 23 hours ago admin
Samuel L. Jackson on Playing a Young Nick Fury in Captain
Josh Gad Is Now Totally Trolling Mark Ruffalo About Frozen 2
But Lady Gaga has been open about how nerves affected her on set, especially during the first few days of A Star Is Born's production.Eric Roth wrote the script for the musical drama alongside Bradley Cooper, and recently revealed a conversation he had with Gaga early in the process, and how Cher helped inspire Ally Maine.
How Cher Influenced Lady Gaga In A Star Is Born - Celebrity Jar
Mark Hamill, known universally to all as Luke Skywalker, revealed on Twitter that he once suggested making Boba Fett Luke's mother, an idea that sounds awesome to those of us who yearned to see
Mark Hamill Wanted Boba Fett To Be Luke's Mom In Return Of
Release Date: April 6th. A Quiet Place. If you had told people in the past that John Krasinski had co-written, starred in, and directed a horror movie, they'd probably laugh. But after the trailers and advanced buzz for hit, it's hard to not take this would-be sleeper hit anything but seriously.
6 Big Movies Heading To Theaters In April - 247 Entertainment
Home/Entertainment News/ How A Romantic Relationship Introduces A Big Change For Shaft Entertainment News How A Romantic Relationship Introduces A Big Change For Shaft
How A Romantic Relationship Introduces A Big Change For Shaft
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John Shaft and his son John Shaft Jr. (evidently their familial relationship has changed) have both been known for two things: their reputations as ladies' men and tough crime fighters who know how to get answers. With the addition of the third generation in JJ, Shaft is going to add some interesting dynamics to the world of that character
How A Romantic Relationship Introduces A Big Change For Shaft
peoplenetv.com/how-a-romantic-relationship-introduces-a-big-change-for-shaft/
How A Romantic Relationship Introduces A Big Change For Shaft; How Much Money Once Upon A Time In Hollywood Could Make In Its Opening Weekend; What Excites X-Men Producer Hutch Parker The Most About The Team’s Move To Marvel
How A Romantic Relationship Introduces A Big Change For Shaft
topcelebtrend.info/how-a-romantic-relationship-introduces-a-big-change-for-shaft/
39 minutes ago John Shaft and his son John Shaft Jr. (evidently their familial relationship has changed) have both been known for two things: their reputations as ladies' men and tough crime fighters who know how to get answers.
Do The Deadpool 2 End Credits Rewrite The Whole Movie? Here's What The Writers Say. May 20, 2018 News No comments. SPOILER WARNING: The following article contains
Deadpool 2 End Credits Explained by Writers - Geekfeud
Jude Law Just Teased What Sherlock Holmes 3 Will Be About. Robert Downey Jr. Teases His Sherlock Holmes Face For The Third Movie. Hot Topics. Amber Heard Alleges Johnny Depp Perjured Himself In Court.
First Sherlock Holmes 3 Plot Details Revealed by Jude Law
The Transformers franchise will release a Bumblebee spinoff in 2018. Two other Transformers movies are also set for 2017 and 2019.
Shazam makes his live action theatrical debut next year, and we have the first trailer for his adventure! Subscribe To DC's Shazam Trailer Is Exciting And Hilarious Updates close
DC's Shazam Fights Evil And Buys Beer In Hilarious New
Even though Zangief lose to Ken's Flaming Dragon Punch (again), Zangief get some mad bitches, yo! Zangief knock boots with many Street Fighter groupies. They bleed a little when Zangief done, but they ok. The other day Zangief go to Zangief's friend Malach the Merciless's house with Zangief's other friend The Angry Piper.
BigMex > Blog - Capcom
UPDATE, July 12: Good news: The first trailer for Mary, Queen of Scots is here, and it's even better than expected. Starring Margot Robbie and Saoirse Ronan as Queen Elizabeth I and Mary
MARY QUEEN OF SCOTS Official Trailer (2018) Margot Robbie
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