Originally Posted by DeanFL
(Post 1485373)
We've been members for over a month. It's an unbelievable deal. $9.95/mo and can see any 2d movie every day. All 3 TV theaters take the pass. You get a Movie Pass card in your name which is like a debit card. You need to have a smartphone with the app loaded. Be near the theater (100' or so), and go to the app, the TV theater and click on the movie & time. Seconds later the app says Purchase the Ticket. Go to the box office, show your TV ID, tell them the movie/time and give them the MP card. They run it and you sign the receipt, and get your ticket. I asked a couple times if many people use MP and they say...A lot.
In the last month we saw about 9 movies - for just about the price of one ($8.50 for TV residents).
MP also had a deal a week ago that we signed up for - $69.95 for the year, which we upgraded to.
some info from the net>
The deal, put simply, goes like this: For a $9.95 monthly fee, you have the option to see up to one movie in theaters per day, every day.
The company, run by Netflix co-founder and former Redbox president Mitch Lowe, wants to be a major disrupter in the industry — think, well, Netflix. But since it was launched in 2011, the service hasn’t gained much traction and remains under-used. MoviePass is hoping this new deal changes that.It slashed its monthly pricing from as much as $50 a month to less than $10. In the process, its subscriber rolls swelled. When it sold, the company has roughly 20,000 subscribers. Now it has north of 600,000. Recently, MoviePass announced it had raised $100 million to fund operations. Even though MoviePass is operating in the red, the company believes that it will be able to monetize the data it collects on its customers or that it will drive so much foot traffic to theaters that they will give them some kind of discount.
MoviePass is trying to become the Netflix of cinema-going, but right now it seems to be more focused on building a customer base than turning a profit. The company pays theaters the full price for a ticket, so it is in essence subsidizing its users’ movie-going and losing money each time they check out a film. The average movie ticket cost $8.60 through the first three quarters of 2017. In some major cities, such as Los Angeles and New York, it sets customers back more than $10. MoviePass said its one-year subscription plan will be available only for a limited time.
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