Can someone just come in and call the standing eight count on MoviePass already? Lately the theater subscription service has been making drastic changes to the services they offer including reducing the number of movies their subscribers can see per month, which now stands at three per month, and previously was set at one movie per day. The company choose this alternative as opposed to raising the monthly subscription price from $9.95 to $14.95 On Thursday, the company made its latest change and in a message sent to subscribers, the compan announced that during an upcoming transition period, it will be limiting customers choices to six films on a given day, but that the list will include:
“A selection of major studio first-run films and independent releases.”
RELATED: MoviePass Keeping $9.95 Price Point, Limiting Movies To 3 A Month
The company seems on the verge of collapse, if they were a Mortal Kombat character, “FINISH HIM” would likely be floating above their head.
In most every MoviePass article I’ve wrote, I have mentioned I don’t understand how the company can make money, and also mentioned that I do not have a business degree, so what do I know? Perhaps it’s some kind of plan where with enough volume they become profitable over time. However, MoviePass lost $127 million recently and from reports over the last few days are scarambling to stay afloat.
What is your prediction for MoviePass? Let us know in the comments down below!
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Source: Variety
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