re: MoviePass on its last legs?

MoviePass Under Investigation For Fraud And Misleading Investors

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Helios and Matheson Analytics, the company behind the subscription-based movie ticket provider MoviePass, is under investigation by the office of the New York Attorney General for allegedly misleading investors about MoviePass’ financial sustainability. Attorney General Barbara Underwood’s probe seeks to find whether Helios and Matheson violated the Martin Act, an anti-fraud measure meant to protect New York investors and financial markets.

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Moviepass will definitely be on “I love the 2010’s” one day

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Can't wait to see a balding, overweight ex-member of One Direction riffing on it.

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Moviepass will definitely be on “I love the 2010’s” one day

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Previously I averaged about 4 to 6 movies a year. I will always fondly look back at 2017-2018, when I saw 46 movies on MoviePass in 10 months, for an average price of $2.16 per movie.

MoviePass successfully got me addicted to going to the movies (which in a way was not what they wanted ), and when they switched from one per day to just three movies a month, I was willing to make the switch because it was still a deal and I liked the versatility of going to any theater. But when I saw that they were continuing to restrict what movies you can see on a given day, I immediately canceled and switched to A-List. Being restricted to just AMC theaters has been a small inconvenience (a couple of times I've had to go to non-AMC theaters and pay full price) but overall it is miles better than the MoviePass experience, which was pretty good until it all hit the fan in July.

Thanks MoviePass, for forcing AMC's hand. Investors may be pissed, but for moviegoers you successfully changed the consumer experience.

I was almost the exact same. I hadn’t been to the movies in at least 5 years, and then went 36 Sunday’s in a row.

I cancelled at the same time as you too. Unfortunately, I only have Cinemark theaters near me, and it’s Deal might be the only one in the country worse than moviepass.

It was great for 4 1/2 years at $30 to $40 a month for a movie a day. Once they switched from movie lovers to people who don't see movies, we were fricked.

I haven't seen a movie in the theaters since Moviepass became unusable. I am pondering switching to Sinemia but I just don't see enough movies to justify AMC's monthly deal. Three movies a month is about all I want.

In part because with more than three a month the wife constantly wants to see terrible movies "for free". That's not free, that's two hours out of my life a shot.

AMC is 3 movies a week or month?

MoviePass’s owners want to spin it off into its own company

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It seems MoviePass’s owner, Helios and Matheson Analytics (HMNY), is a bit embarrassed by all the bad press the movie ticketing company is getting and thus wants to segregate it from its parent company. As Ted Farnsworth, chairman and CEO of HMNY, said in a press release announcing the plans:

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For many years, HMNY has been focused on data analytics, and in that capacity we own assets like Zone Technologies which provides a safety and navigation app for iOS and Android users and a global security concierge service. Since we acquired control of MoviePass in December 2017, HMNY largely has become synonymous with MoviePass in the public’s eye, leading us to believe that our shareholders and the market perception of HMNY might benefit from separating our movie-related assets from the rest of our company.

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While Farnsworth doesn’t explicitly say that MoviePass’s problems are bad optics for HMNY, it’s easy to read between the lines as we’ve never heard an explanation like this for spinning off a company before.

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Now the dipshits who bought a functioning ticket company and, within months, ran it into the ground are embarrassed to be in the ticket business. "Hey, we're a data company, not a movie ticket company!" I hope MoviePass drags them all down.

Hopefully some day-traders made a few bucks off of H&M's smoke and mirrors.

Our 2 most recent MP trips have let us check in off site. I live about 3 mi as the crow flies from our Regal and I checked in from home as my wife left with both cards to get the tix as box office opened.

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I cancelled last night. Wanted to go see The Predator, but it wasn't listed on the app. No sense in paying for a product that I can't use.

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yep i canceled last month. too many times a movie i wanted to see was blacked out.