If I were living in the United States, I'm sure I would have written a ton about MoviePass by now. Since I live in Australia, I've written ... let's see ... nothing. Nope, not a single blog label for "moviepass" until the one I'm creating now.
So I'm just in time to comment on the company's death throes.
The "valid thru" date on that card above says 2/18, as an example. But it should say 7/18, because at this point, MoviePass is not likely to make it until August.
I won't recount all the sad, gory details, but the thing that almost all observers expected to happen has happened: MoviePass has run out of money. That's the only thing you can imagine happening when you have to pay movie theater chains $100 to $200 a month for the full price of movie tickets for a customer, and in exchange get only a mere $9.95 from that customer. (Or was it $6.95? The prices changed with some frequency.)
There was some crazy kind of bulk economic theory that this would eventually be a goldmine for them, since the average customer would only go to the movies once a month, or so they thought. As it turns out, when people sign up for a service that will allow them to go to potentially as many as 31 movies a month for less than ten bucks, they want to use it more than once per month.
I don't know if there was some sound logic behind it or if it was always just foolishness, but this company has hours left to live, it seems. The site is down on phones through the U.S., after all showings of the new Mission: Impossible movie had already been blocked.
There's probably a little bit of schadenfreude here, I'm reluctant to admit. See, I have my own "MoviePass" here in Australia, which is my critics card. For $75 a year, I can see movies with the same frequency as American MoviePass customers, with certain restrictions (some theaters don't accept my card, and you can't go on a Saturday night at pretty much any of them). But unlike MoviePass, you could see the same movie a dozen times, theoretically, since each theater only looks at your card and makes you sign a little piece of paper, which they then just file away in some drawer. There's no sharing of information between theaters, as the transaction ends at the point of contact.
So when MoviePass became available at such a low price, I felt like something special about my critics card had been lost. That's ridiculous because they're two different countries and two different sets of circumstances, but I do enjoy telling American friends that I have a kind of payment for my critic work in the form of seeing movies for free. That didn't seem as impressive when MoviePass got them the same thing for only a little more than my $75 per year.
But as we always expected it would, MoviePass ceased to be viable, and now -- or very soon, anyway -- I'm alone in my specialness. Now that it's actually happening, I don't feel any great joy in it, despite those small feelings of schadenfreude I mentioned above. The sense of sorrow that friends of mine have lost something great is the more dominant emotion.
R.I.P., MoviePass. You tried.
2 comments:
The big problem for MoviePass, aside from the obvious arithmetic you mentioned, is that other streams of income they thought they could get didn't happen. Their plan was to sell customer data to theaters and businesses surrounding theaters. They also hoped theaters would give them a cut of money made from concessions. For both, their logic was companies would want to work with them because of all the people they were bringing into their establishments. So far, that's a big no.
I'm a subscriber and I've gotten far more out of it than I put in. They're trying new things daily. I hope they work, but they appear to be last ditch efforts to save a sinking ship.
Yeah, I was actually toying with the idea of subscribing years ago, being one of those initial 20,000, as it got off the ground before I ever left the U.S. (in 2013). So I imagine I would have taken them for thousands by now. For your sake, I hope they get in a fix, but they would need the good old cinematic trope the deus ex machina to save them at this point.
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