re: MoviePass Lost $150 Million in 2017

quote:

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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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Gyms frequently go out of business, at least the chains. The model only works if people pay and don't go.

I do think movie pass could work. I wish my movie buddies didn't all have kids.