Current Events > Well it looks like MoviePass is officially done.

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Corman321 07/30/18 8:57:57 PM #1:	Over the weekend, they ran out of money and took an emergency $5 million loan to turn the lights back on. Their stock, HMNY, had gotten down to under 10 cents a share, and then enacted a 250 to 1 reverse stock split, which brought the value of a share up to $22 each. It immediately began to fall and is already down to 80 cents. Following running out of money, they blacked out Mission Impossible to every theater except their partners that are called E-ticket theaters. Their plan of "surge pricing" has apparently failed, as their goal now is to block out every "big" movie. News broke today that Christopher Robin and The Meg would not be viewable on MoviePass, but it quickly went faster than that. Members discovered that (again everywhere except the e-ticket theaters) wherever they looked, it said the theater had no more showtimes today. As of now you simply cannot reserve tickets to any movie. <cite>Corman321 posted [p:905995449] in Well it lo... [t:76856414]...</cite> <quote>Over the weekend, they ran out of money and took an emergency $5 million loan to turn the lights back on. Their stock, HMNY, had gotten down to under 10 cents a share, and then enacted a 250 to 1 reverse stock split, which brought the value of a share up to $22 each. It immediately began to fall and is already down to 80 cents. Following running out of money, they blacked out Mission Impossible to every theater except their partners that are called E-ticket theaters. Their plan of "surge pricing" has apparently failed, as their goal now is to block out every "big" movie. News broke today that Christopher Robin and The Meg would not be viewable on MoviePass, but it quickly went faster than that. Members discovered that (again everywhere except the e-ticket theaters) wherever they looked, it said the theater had no more showtimes today. As of now you simply cannot reserve tickets to any movie.</quote> ... Copied to Clipboard!
dbf50 07/30/18 8:59:32 PM #2:	Kmart outlives another one <cite>dbf50 posted [p:905995528] in Well it lo... [t:76856414]...</cite> <quote>Kmart outlives another one</quote> ... Copied to Clipboard!
pres_madagascar 07/30/18 8:59:50 PM #3:	Lmao can't say I'm surprised. --- https://imgur.com/23CCcZB https://imgur.com/32mwCo1 https://imgur.com/oqklqKC <cite>pres_madagascar posted [p:905995543] in Well it lo... [t:76856414]...</cite> <quote>Lmao can't say I'm surprised.</quote> ... Copied to Clipboard!
Ray_Dorset 07/30/18 9:00:11 PM #4:	Now that's what a stock bloodbath looks like. --- Owner of https://imgtc.com/ <cite>Ray_Dorset posted [p:905995565] in Well it lo... [t:76856414]...</cite> <quote>Now that's what a stock bloodbath looks like.</quote> ... Copied to Clipboard!
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ChainedRedone 07/30/18 9:01:39 PM #6:	M_Live posted... Can anybody explain to me how they made money to begin with They didn't. Hence why they died --- David Mink. Hero. https://c1.staticflickr.com/7/6043/6337878059_009dd4c4f3_z.jpg <cite>ChainedRedone posted [p:905995631] in Well it lo... [t:76856414]...</cite> <quote><cite>M_Live posted...</cite> <quote>Can anybody explain to me how they made money to begin with</quote> They didn't. Hence why they died</quote> ... Copied to Clipboard!
sktgamer_13dude 07/30/18 9:03:04 PM #7:	Glad I had it when I did, but not crying about it going away. Not too surprised tbh. --- https://imgur.com/jWVrg9U https://imgur.com/g2efUtT https://imgur.com/5dOwhaP https://imgur.com/LVdqu8J Go Cougs and M's #DI4B <cite>sktgamer_13dude posted [p:905995702] in Well it lo... [t:76856414]...</cite> <quote>Glad I had it when I did, but not crying about it going away. Not too surprised tbh.</quote> ... Copied to Clipboard!
Itennu 07/30/18 9:03:08 PM #8:	"okay so our business plan is, uh... you order the ticket for a low low price, and we pay, uh, the high price, so you give us a little money and we spend a lot of money, and uh... well basically uh... idk" ~ moviepass ceo --- ~ i t e n n u ~ ~ don't ask, just touch me ~ <cite>Itennu posted [p:905995706] in Well it lo... [t:76856414]...</cite> <quote>"okay so our business plan is, uh... you order the ticket for a low low price, and we pay, uh, the high price, so you give us a little money and we spend a lot of money, and uh... well basically uh... idk" ~ moviepass ceo</quote> ... Copied to Clipboard!
ASithLord7 07/30/18 9:04:39 PM #9:	Itennu posted... "okay so our business plan is, uh... you order the ticket for a low low price, and we pay, uh, the high price, so you give us a little money and we spend a lot of money, and uh... well basically uh... idk" ~ moviepass ceo They banked on people paying for it without using it enough. People did the exact opposite. --- https://imgur.com/VZeCB RebelElite791 <cite>ASithLord7 posted [p:905995762] in Well it lo... [t:76856414]...</cite> <quote><cite>Itennu posted...</cite> <quote>"okay so our business plan is, uh... you order the ticket for a low low price, and we pay, uh, the high price, so you give us a little money and we spend a lot of money, and uh... well basically uh... idk" ~ moviepass ceo</quote> They banked on people paying for it without using it enough. People did the exact opposite.</quote> ... Copied to Clipboard!
Tyranthraxus 07/30/18 9:05:11 PM #10:	I wish I could do that. "Hey, bank, I need a 5 million dollar loan." "What? Why?" "Because I have no money." "Oh that makes perfect sense here you go." --- It says right here in Matthew 16:4 "Jesus doth not need a giant Mecha." https://imgur.com/dQgC4kv <cite>Tyranthraxus posted [p:905995789] in Well it lo... [t:76856414]...</cite> <quote>I wish I could do that. "Hey, bank, I need a 5 million dollar loan." "What? Why?" "Because I have no money." "Oh that makes perfect sense here you go."</quote> ... Copied to Clipboard!
Manocheese 07/30/18 9:06:08 PM #11:	Tyranthraxus posted... I wish I could do that. "Hey, bank, I need a 5 million dollar loan." "What? Why?" "Because I have no money." "Oh that makes perfect sense here you go." Yeah, I'm wondering why someone would lend them $5 million. --- ()_() Hardcore - We'll probably be modded for this... (o.o) http://manocheese.googlepages.com/manocheesery <cite>Manocheese posted [p:905995847] in Well it lo... [t:76856414]...</cite> <quote><cite>Tyranthraxus posted...</cite> <quote>I wish I could do that. "Hey, bank, I need a 5 million dollar loan." "What? Why?" "Because I have no money." "Oh that makes perfect sense here you go."</quote> Yeah, I'm wondering why someone would lend them $5 million.</quote> ... Copied to Clipboard!
TheVipaGTS 07/30/18 9:09:26 PM #12:	who seriously thought something like this could last without the backing of every major theater in the country? --- Dallas Cowboys: 1 - 1 <cite>TheVipaGTS posted [p:905996028] in Well it lo... [t:76856414]...</cite> <quote>who seriously thought something like this could last without the backing of every major theater in the country?</quote> ... Copied to Clipboard!
__aCEr__ 07/30/18 9:11:06 PM #13:	Their hope was to sell the movie-watching data of its subscribers to advertisers. The major problem is that there is nothing stopping multiple people from using the same account and (in the beginning) you could watch the same movie multiple times. Basically, the one thing they were dependent on in order to make money (the data) is useless. <cite>__aCEr__ posted [p:905996115] in Well it lo... [t:76856414]...</cite> <quote>Their hope was to sell the movie-watching data of its subscribers to advertisers. The major problem is that there is nothing stopping multiple people from using the same account and (in the beginning) you could watch the same movie multiple times. Basically, the one thing they were dependent on in order to make money (the data) is useless.</quote> ... Copied to Clipboard!
littlebro07 07/30/18 9:11:30 PM #14:	With how many small monthly bills people forget about, it was fair to assume they'd get millions of people not even using their service but still paying for it. Too bad it didn't work out, it sounded pretty neat. I was holding out for a dual membership type of thing where you could get two tickets at once. --- http://i211.photobucket.com/albums/bb289/volcaitlin/gifs/dancning.gif <cite>littlebro07 posted [p:905996131] in Well it lo... [t:76856414]...</cite> <quote>With how many small monthly bills people forget about, it was fair to assume they'd get millions of people not even using their service but still paying for it. Too bad it didn't work out, it sounded pretty neat. I was holding out for a dual membership type of thing where you could get two tickets at once.</quote> ... Copied to Clipboard!
thronedfire2 07/30/18 9:11:47 PM #15:	did no one in the whole development process of this company just stop and say 'hey, this is a terrible idea'? --- I could see you, but I couldn't hear you You were holding your hat in the breeze Turning away from me In this moment you were stolen... <cite>thronedfire2 posted [p:905996144] in Well it lo... [t:76856414]...</cite> <quote>did no one in the whole development process of this company just stop and say 'hey, this is a terrible idea'?</quote> ... Copied to Clipboard!
WrestlinFan 07/30/18 9:12:37 PM #16:	Saw 35 movies in my eleven months as a member. Money well spent. Probably will switch to Sinemia even though it isn't as good a deal but I don't really see enough movies to need one movie a day anyways. --- https://en.m.wikipedia.org/wiki/Special:Random <cite>WrestlinFan posted [p:905996190] in Well it lo... [t:76856414]...</cite> <quote>Saw 35 movies in my eleven months as a member. Money well spent. Probably will switch to Sinemia even though it isn't as good a deal but I don't really see enough movies to need one movie a day anyways.</quote> ... Copied to Clipboard!
Rad_Chad 07/30/18 9:12:45 PM #17:	imagine going to a theater in 2018. fucking plebs --- Sup, brah?! <cite>Rad_Chad posted [p:905996194] in Well it lo... [t:76856414]...</cite> <quote>imagine going to a theater in 2018. fucking plebs</quote> ... Copied to Clipboard!
Corman321 07/30/18 9:57:29 PM #18:	Ok movie times are back up on the app now so it's not dead yet. <cite>Corman321 posted [p:905998443] in Well it lo... [t:76856414]...</cite> <quote>Ok movie times are back up on the app now so it's not dead yet.</quote> ... Copied to Clipboard!
Turbam 07/30/18 10:00:46 PM #19:	Buy stock now?! --- ~snip (V)_(;,;)_(V) snip~ I'm just one man! Whoa! Well, I'm a one man band! https://imgur.com/p9Xvjvs <cite>Turbam posted [p:905998581] in Well it lo... [t:76856414]...</cite> <quote>Buy stock now?!</quote> ... Copied to Clipboard!
pres_madagascar 07/30/18 10:56:20 PM #20:	Turbam posted... Buy stock now?! No --- https://imgur.com/23CCcZB https://imgur.com/32mwCo1 https://imgur.com/oqklqKC <cite>pres_madagascar posted [p:906001527] in Well it lo... [t:76856414]...</cite> <quote><cite>Turbam posted...</cite> <quote>Buy stock now?!</quote> No</quote> ... Copied to Clipboard!
Muffinz0rz 07/30/18 10:57:53 PM #21:	Blockbuster will be in business longer than this --- Not removing this until Pat Benatar is in Super Smash Bros. (Started 8/31/2010) 2018 NFLB Summersim (7-6): https://imgur.com/7cjNtgQ <cite>Muffinz0rz posted [p:906001597] in Well it lo... [t:76856414]...</cite> <quote>Blockbuster will be in business longer than this</quote> ... Copied to Clipboard!
CableZL 07/30/18 10:59:14 PM #22:	I wish I had shorted their stock months ago It was an obvious sinking ship --- https://imgur.com/ByKGlJb https://imgur.com/nZdaA8D https://imgur.com/VBLBILg <cite>CableZL posted [p:906001668] in Well it lo... [t:76856414]...</cite> <quote>I wish I had shorted their stock months ago It was an obvious sinking ship</quote> ... Copied to Clipboard!
TomNook20 07/30/18 11:00:32 PM #23:	CableZL posted... I wish I had shorted their stock months ago It was an obvious sinking ship It's dangerous to play with stocks like this. Any slightly positive news could result in a massive swing, and that could be disastrous for a short position. --- http://fc02.deviantart.net/fs70/f/2011/098/7/4/tom_nook_by_themerce-d3dhi0q.png http://www.gameswagonline.com/uploads/9/0/8/9/9089979/1372277527.jpg <cite>TomNook20 posted [p:906001734] in Well it lo... [t:76856414]...</cite> <quote><cite>CableZL posted...</cite> <quote>I wish I had shorted their stock months ago It was an obvious sinking ship</quote> It's dangerous to play with stocks like this. Any slightly positive news could result in a massive swing, and that could be disastrous for a short position.</quote> ... Copied to Clipboard!
A_Good_Boy 07/30/18 11:01:17 PM #24:	Turbam posted... Buy stock now?! Get it on the dip. This is good news for MoviePass. --- Who is? I am! <cite>A_Good_Boy posted [p:906001773] in Well it lo... [t:76856414]...</cite> <quote><cite>Turbam posted...</cite> <quote>Buy stock now?!</quote> Get it on the dip. This is good news for MoviePass.</quote> ... Copied to Clipboard!
CableZL 07/30/18 11:09:19 PM #25:	TomNook20 posted... CableZL posted... I wish I had shorted their stock months ago It was an obvious sinking ship It's dangerous to play with stocks like this. Any slightly positive news could result in a massive swing, and that could be disastrous for a short position. Yeah, but I'm the case of a Moviepass, it was obvious the company was doomed. --- https://imgur.com/ByKGlJb https://imgur.com/nZdaA8D https://imgur.com/VBLBILg <cite>CableZL posted [p:906002198] in Well it lo... [t:76856414]...</cite> <quote><cite>TomNook20 posted...</cite> <quote><cite>CableZL posted...</cite> <quote>I wish I had shorted their stock months ago It was an obvious sinking ship</quote> It's dangerous to play with stocks like this. Any slightly positive news could result in a massive swing, and that could be disastrous for a short position.</quote> Yeah, but I'm the case of a Moviepass, it was obvious the company was doomed.</quote> ... Copied to Clipboard!
Questionmarktarius 07/30/18 11:13:33 PM #26:	ASithLord7 posted... Itennu posted... "okay so our business plan is, uh... you order the ticket for a low low price, and we pay, uh, the high price, so you give us a little money and we spend a lot of money, and uh... well basically uh... idk" ~ moviepass ceo They banked on people paying for it without using it enough. People did the exact opposite. There was also the gamble of becoming large enough to dictate ticket prices. That didn't work out either. <cite>Questionmarktarius posted [p:906002415] in Well it lo... [t:76856414]...</cite> <quote><cite>ASithLord7 posted...</cite> <quote><cite>Itennu posted...</cite> <quote>"okay so our business plan is, uh... you order the ticket for a low low price, and we pay, uh, the high price, so you give us a little money and we spend a lot of money, and uh... well basically uh... idk" ~ moviepass ceo</quote> They banked on people paying for it without using it enough. People did the exact opposite.</quote> There was also the gamble of becoming large enough to dictate ticket prices. That didn't work out either.</quote> ... Copied to Clipboard!
TomNook20 07/31/18 1:02:01 AM #27:	CableZL posted... TomNook20 posted... CableZL posted... I wish I had shorted their stock months ago It was an obvious sinking ship It's dangerous to play with stocks like this. Any slightly positive news could result in a massive swing, and that could be disastrous for a short position. Yeah, but I'm the case of a Moviepass, it was obvious the company was doomed. Hindsight is always 20/20 --- http://fc02.deviantart.net/fs70/f/2011/098/7/4/tom_nook_by_themerce-d3dhi0q.png http://www.gameswagonline.com/uploads/9/0/8/9/9089979/1372277527.jpg <cite>TomNook20 posted [p:906006895] in Well it lo... [t:76856414]...</cite> <quote><cite>CableZL posted...</cite> <quote><cite>TomNook20 posted...</cite> <quote><cite>CableZL posted...</cite> <quote>I wish I had shorted their stock months ago It was an obvious sinking ship</quote> It's dangerous to play with stocks like this. Any slightly positive news could result in a massive swing, and that could be disastrous for a short position.</quote> Yeah, but I'm the case of a Moviepass, it was obvious the company was doomed.</quote> Hindsight is always 20/20</quote> ... Copied to Clipboard!
Darmik 07/31/18 1:22:36 AM #28:	Would this idea have worked if they had some restrictions like not being able to use them during the first week or something? --- Kind Regards, Darmik <cite>Darmik posted [p:906007585] in Well it lo... [t:76856414]...</cite> <quote>Would this idea have worked if they had some restrictions like not being able to use them during the first week or something?</quote> ... Copied to Clipboard!
Questionmarktarius 07/31/18 2:35:37 AM #29:	Darmik posted... Would this idea have worked if they had some restrictions like not being able to use them during the first week or something? Probably not. Everyone would have happily settled into watching a shitton of movies a week later. The only way this was ever a viable model would be the local "second run" theater offering a monthly pass, assuming the local second-run theater even still exists. <cite>Questionmarktarius posted [p:906009733] in Well it lo... [t:76856414]...</cite> <quote><cite>Darmik posted...</cite> <quote>Would this idea have worked if they had some restrictions like not being able to use them during the first week or something?</quote> Probably not. Everyone would have happily settled into watching a shitton of movies a week later. The only way this was ever a viable model would be the local "second run" theater offering a monthly pass, assuming the local second-run theater even still exists.</quote> ... Copied to Clipboard!
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Current Events > Well it looks like MoviePass is officially done. (+) Yeah! (+)

Current Events > Well it looks like MoviePass is officially done.