L.A. 11 - MoviePass by NICOLAS DEALEY https://padlet.com/ndealey001/zlez1thj5hp MoviePass assignment en-us 2019-01-29 14:53:50 UTC 2019-02-06 15:25:41 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Folder.png ndealey001 https://padlet.com/ndealey001/zlez1thj5hp/wish/327328129 2019-02-04 14:57:19 UTC https://padlet.com/ndealey001/zlez1thj5hp/wish/327328129 ndealey001 https://padlet.com/ndealey001/zlez1thj5hp/wish/327328709 2019-02-04 14:58:13 UTC https://padlet.com/ndealey001/zlez1thj5hp/wish/327328709 ndealey001 https://padlet.com/ndealey001/zlez1thj5hp/wish/327329130 2019-02-04 14:58:53 UTC https://padlet.com/ndealey001/zlez1thj5hp/wish/327329130 MoviePass - pros ndealey001 https://padlet.com/ndealey001/zlez1thj5hp/wish/327329515 MoviePass makes seeing movies far cheaper than normal. 

 - “Seeing just one film a month with MoviePass, which lets you see one movie per day for $9.95 a month, more than covers the cost of the subscription fee.”

It helps encourage people to see a wider variety of movies and even consider movies that have lower ratings. This helps both the consumer and movie producers by putting more variety into the consumer’s experiences, and by increasing the amount of tickets being sold for a mediocre, or maybe even, a bad movie.]]> 2019-02-04 14:59:25 UTC https://padlet.com/ndealey001/zlez1thj5hp/wish/327329515 MoviePass - cons ndealey001 https://padlet.com/ndealey001/zlez1thj5hp/wish/327330173 MoviePass could potentially go out of business since it is difficult for it to make money.

 - “MoviePass is banking on some subscribers seeing only one movie per month, or none at all. It’s offsetting the higher cost of tickets in expensive urban areas with the lower cost in other parts of the country. It’s taking a loss in order to build a consumer base, and banking on collecting data about those consumers’ habits, and selling it down the road.”

If MoviePass did go out of business, people would have to go back to paying higher prices for movie tickets, but since they’ve gotten used to MoviePass’s low prices, this could negatively effect them by making them more “choosy” or “picky” about what kind of movies they watch. This prevents them from fully enjoying the cinematic feel of the theatre, and also leads to theaters and movie producers making less money.]]> 2019-02-04 15:00:06 UTC https://padlet.com/ndealey001/zlez1thj5hp/wish/327330173 MoviePass Creation/ Accomplishments ndealey001 https://padlet.com/ndealey001/zlez1thj5hp/wish/327330619  - “...attendance was flat at North American cinemas in 2016, and analysts are predicting a 4 percent decline in 2017, bringing ticket sales to a 22-year low. Perhaps something more radical is necessary. Mitch Lowe, a Netflix co-founder, certainly thought so when he took over a ticketing firm called MoviePass in June 2016. By August of this year, when MoviePass introduced a cut-rate, subscription-based plan— go to the movies 365 times a year for $9.95 a month — Mr. Lowe had been declared an enemy of the state. “Not welcome here,” AMC Entertainment, the largest multiplex operator in North America, said in an indignant August news release that threatened legal action.”

MoviePass became incredibly successful over a very short period of time.

 - “MoviePass said this month that it had signed up more than one million subscribers in just four months. It took Netflix more than three years to reach that level when it started selling low-priced subscriptions for DVD rentals in 1999. Spotify was relatively quick, at five months in 2011. It took Hulu 10 months to reach one million later that year.”
]]> 2019-02-04 15:00:33 UTC https://padlet.com/ndealey001/zlez1thj5hp/wish/327330619 MoviePass Kickback/Criticism ndealey001 https://padlet.com/ndealey001/zlez1thj5hp/wish/327330965 If the movie theaters are making the same amount of money they did since before MoviePass came into business, then why should they care? Well, they are afraid that because of MoviePass’s poor business strategy (spending a lot, but not making a lot), they might go out of business, and if that happens, it could negatively effect the flow of consumers, making it more difficult to sell tickets at the price that they'd prefer.

 - “The blistering growth has prompted new criticism from theaters and studio owners — namely that MoviePass will never be able to make money by charging $9.95 a month when a single ticket can cost almost twice that amount. They say that will cause MoviePass to either raise prices or go out of business, disappointing audiences and ultimately hurting the fragile multiplex business.”]]> 2019-02-04 15:00:49 UTC https://padlet.com/ndealey001/zlez1thj5hp/wish/327330965 History of MoviePass ndealey001 https://padlet.com/ndealey001/zlez1thj5hp/wish/327331278 MoviePass had already existed at one point, but was sort-lived due to being unsustainable. Now, it’s being revised, and will hopefully be more self sustaining.

 - “MoviePass went from an unbelievably great service -- see as many movies as you want for $10 a month -- to an incomprehensible disaster -- no one could even keep track of what was happening anymore -- pretty quickly. The moral of the whole bizarre story is still open to interpretation, but it was good while it lasted and seemed like just another strange chapter in the history of startups. But, as in one of the horror movies you probably saw with MoviePass, the service is back from the dead. And it's reportedly trying to bring back its best feature: unlimited movies. It's not going to be just like it was, though -- in large part because that was wildly unsustainable. Instead, Variety reports that there are going to be three tiers to a new system, and only the top one will feature unlimited movies. Khalid Itum, executive VP of MoviePass, confirmed that the new version of the service will debut this month.”]]> 2019-02-04 15:01:19 UTC https://padlet.com/ndealey001/zlez1thj5hp/wish/327331278 How MoviePass works ndealey001 https://padlet.com/ndealey001/zlez1thj5hp/wish/327331552  - “The plans will also cost different amounts depending on where you live. The Select plan (the lowest tier) will likely cost $9.95 outside the major cities and $14.95 in major cities. It will get you three movies a month, and you'll likely be restricted as to when in a movie's theatrical run you can see it and how many 2-D vs. 3-D screenings you're allotted. Then there's the Red Carpet plan, which will be $19.95 outside major cities and $24.95 in major cities. In that tier, customerswill get "three movies of their choosing at any time and in IMAX, 3D, and other premium formats," according to Variety. As to the new unlimited plan, we won't know the details of that until next week, and, most importantly, the pricing is still a mystery. PC magazine speculates that it could cost up to $40 or $50 a month, but as of now, that's just speculation. Even if it is that high, however, if you live in New York and see at least one movie a week, it's probably worth subscribing again.”]]> 2019-02-04 15:01:43 UTC https://padlet.com/ndealey001/zlez1thj5hp/wish/327331552