re: MoviePass Lost $150 Million in 2017

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the same business model that gyms have operated on for decades

Sign up 1000 people for memberships at a gym that holds 100 people.

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Not a good comparison at all.

I paid for the $90/annual moviepass in October last year, which is the equivalent of $7.50/month.

On moviepass they pay per movie you go see. So if I got to 0 movies this month, they just made $7.50 that month on me. If I go to 1 movie, and it costs say $13.27, they pay that full amount and are now in the red on me for $5.77 that month. If I see 2, 3 , 4 movies all for the same price that month, they get exponentially more in the red.

Funny enough, my wife and I sometimes go see a movie on Tuesday which is $5 day at AMC. So 2 of us cost like $11 and we can use just 1 moviepass to pay for that (moviepass caps a ticket at like $15 or less or so), they also only let you see 2d movies, no imax, no 3d.

Gyms are quite a bit different than that, you dont break their bank by using the gym twice in a month.

Moviepass just needs to figure out how to sell folks data, there's a reason you are "Checking in" to a movie at a particular time at a particular place before being able to use your card.