https://www.bloomberg.com/news/arti...-boosts-funding-warns-service-may-not-make-it
Helios & Matheson Analytics Inc., the backer of the controversial $10 MoviePass subscription, fell as much as 21 percent after warning the money-losing cinema service may not make it.
Helios boosted its support for MoviePass to $11.5 million from $5 million as part of an August deal to acquire a majority stake, according to a regulatory filing. At the same time, Helios said MoviePass's auditors are expected to warn of substantial doubt about its ability to continue as a going concern.
lol, no shit. I don't think MoviePass will survive as a service until Dec 1st, although to be fair Thor 2 and Justice League are the only big movies in Nov. Murder on the Orient Express too I guess?
I just wonder on what date they are going to snap and announce something crazy like you can't use it more than once a week or it won't work with rewards programs (which would be fair, but unfortunately the idiotic way moviepass has structured their systems they really just can't do it) or they are going to ban the people who have used it more than 15 times a month or some such arbitrary number.
I can't complain at all, I've seen 15 movies in the time I've had the card, pretty much more movies than I saw in the past 4 years combined, so I'll be sad if it goes away but it wouldn't change much for me.
I'm SOOOO happy that you were able to answer this question. I'm going to see it tonight and I wanted to see the XD version in 2D and it's in RED, but I was nervous.
MoviePass's meta data is notoriously bad. Their terms of service say you are only allowed to see non premium movies, and XD is listed as premium, so you are technically breaking the rules if you try to use it on XD, RPX, Dolby Digital, 2D IMAX, etc.
It also has a max load amount that may or may not match the actual ticket price. For example in my area it allows me to check into evening Dolby AMC Digital screenings, even though it shouldn't be, and those cost $15.49 here. The max MoviePass loads up onto the debit card is $11.50. I can pay the $4 extra myself and go, but I am technically breaking their ToS. Regal cinemas kiosk may charge more than the amount covered, if it does the transaction is rejected due to insufficient funds. You can ask the clerk to only charge $x (what is $x? you kind of have to figure that out) at the box office on the MP card and pay the rest yourself, but again, you are breaking MoviePass TOS doing that.
I don't think MoviePass has any way to actually know if you are playing by the rules or not, but I have not seen any definitive information on what is sent to them when a purchase is made. Like if the total amount is sent and the amount that got charged, then they would know you are buying something more expensive than they allow.
