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After A Tumultuous Week, MoviePass Is Increasing Prices
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.
Avengers: Endgame made some major impacts to the Guardians of the Galaxy going forward. How will this affect the next sequel? What Avengers: Endgame Means for Guardians of the Galaxy Vol. 3 | Den
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James Bond producers are reportedly in talks with Rami Malek and Billy Magnussen to star in Daniel Craig's final 007 film.According to editors at Variety, Billy is a top pick to play an American secret service operative who falls foul of Bond, while Rami is wanted as the villain.
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Ironically enough, Aquaman will hit this milestone on the same weekend it will lose its No. 1 spot at the domestic box office, which it has held for three weeks. Aquaman is currently at $988,556,781 worldwide, per Box Office Mojo and is expected to take home another $15 to $16 million this weekend after earning $4.5 million on Friday.
Aquaman Is Hitting $1 Billion In The Same Weekend It's
homelesslivesmatterberkeley.org/2019/01/13/aquaman-is-hitting-1-billion-in-the-same-weekend-its-dethroned-at-the-box-office-cinema-blend/
Aquaman Is Hitting $1 Billion In The Same Weekend It's Dethroned At The Box Office - Cinema Blend Posted on January 13, 2019 by beautifulostrich956 UPDATE : On Sunday, January 13, 2019, Aquaman did in truth join the billion dollar club.
Aquaman Hits $1 Billion In The Same Weekend It's Dethroned At
New Dark Phoenix Video Pays Tribute To The Entire X-Men Franchise. 1 . New Dark Phoenix Video Pays Tribute To The Entire X-Men Franchise (cinemablend.com)
New Dark Phoenix Video Pays Tribute To The Entire X-Men Franchise
Subscribe To The New Bumblebee Trailer Made Kevin Smith Cry Updates close. With a fresh take on the series and movie fans such as Kevin Smith excited for the film, it might just do the trick.
Transformers: 'Bumblebee' Trailer Made Kevin Smith Cry
Simon Pegg could be a good choice, but Reddit users were sounding off their other ideas for Riddler, including David Tennant, Michael Emerson and Jim Parsons. There's loads of talent to go around, and as casting begins shortly, fans will start getting some answers.
See What Simon Pegg Could Look Like As The Batman's Riddler
Gal Gadot Is Joining The Murder On The Orient Express Sequel Movies September 30, 2018 No Comments One of the big selling points of last year's remake of Murder on the Orient Express was the cast.
Gal Gadot in line to star in Murder on the Orient Express
According to a recent Look At Pregnant Kimmy Next Article It's Not Just Diversity That Put Black Panther Ahead Of The Competition, According To Winston Duke
Charmed: Where Are They Now? - 247 Entertainment News
May the force be with you, Carrie Fisher. On Saturday, May 4th, Fisher's daughter Billie Lourd paid tribute to her late mother with an Instagram post on what many fans have dubbed "Star Wars
Billie Lourd Shares Adorable Photo With Carrie Fisher For
A Good Chunk Of People Think A Star Is Born Is Going To Win
Looks like Deadpool 2 wasn't the only film to find itself a new director tonight, as Variety reports that the upcoming Mortal Kombat reboot has now settled on someone to sit behind the camera. The man in question is Simon McQuoid, a very well respected commercial director who will be making his feature film debut here.
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