Moviepass: pay $10/mo, see one movie a day in theaters

AMC intro'ing their own service starting next tuesday. $20/mo, get 3 movies/week repeats allowed, 2 hour wait between tickets so you can't buy 2 to the same show, AND it allows dolby/imax/3d which is pretty huge. each of those is $14-16 around me and up to $20-23 in other markets, i'd definitely go to a lot more dolby screenings if i can pay $20/mo for 3 tickets/week.

Some big MP moves today

They are going to intro Surge Pricing, charging more ($2 it sounds like) for "popular" movies for monthly subs. Annual subs excluded?
MoviePass is going to introduce surge pricing on popular movies by July

They will also roll out "bring a friend" and upgrade options for IMAX/3D in late August.

They also are in the process of raising $164m in debt by selling preferred shares to investors
MoviePass majority owner Helios & Matheson's stock slides after company says it will issue $164 mln in convertible notes

And finally they issued official SEC filings that said they lost $40m in May (thats after sub revenue, so if they made $30m in subs they spent $70m on tickets for a $40m net loss), expect to lose $45m in June, and expect they will need an additional 1.2 billion (BILLION) to "succeed".
MoviePass' monthly losses ramped up to $40 million in May, and the company says it might need over $1.2 billion more in capital

Been fun riding the MP train while it was good but I'll be cancelling my two subs in the next few weeks and switching to AMC A-List the second it becomes available next week. I'm not paying $2 extra to see a movie every time on opening week.

alamo drafthouse is going to start beta testing their own sub service
https://drafthouse.com/victory/seasonpass

I wish I had an Alamo Drafthouse near me, I've gone once in Austin and it was a fucking amazing experience/theater/food



AMC A-List starts tomorrow. I'm sure Regal has something up their sleeves

Surge pricing starting today in "some" markets, tickets will cost more if they decide. why? fuck you, thats why
Introducing Peak Pricing

stock is at 19 cents, i fully expected moviepass to be out of business by end of june so they are still surprising me. a-list is pretty awesome, have my tix for Ant man tomorrow in dolby digital reserved, then will see skyscraper, equalizer 2, and mission impossible 2 to round out july. maybe a few of them twice.

what'll make you cancel is their new surge pricing which will charge you an extra $2.50 - $4 (depending on your market) for movies. Skyscraper, Hotel Transylvania, and Ant Man 2 are all under surge pricing this weekend at various times, and in some markets Jurassic World 2 and a few others are as well.

Whats the point of moviepass if you end up paying $3-4 extra every ticket, A-List at a flat $20/mo PLUS IMAX/Dolby/3D PLUS repeat viewings PLUS advance seating is like a 1000 times better. Regal better get off their ass and introduce their own sub fee to catch all the people who are gonna be cancelling MoviePass over the next few weeks.