I guess they ran out of fools to separate their money from.
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I guess they ran out of fools to separate their money from.
The most shocking thing in the release is that Moviefone is still around. I thought Google and the smartphone killed it off years ago.
Maybe the value of product placement can have a really long tail.
https://youtu.be/qM79_itR0Nc?t=24
In news that I thought had been news a long long time ago, Moviepass and its owner officially filed for bankruptcy today. Absolutely no one on the planet is shocked at this development.
Quote:
ultimately, MoviePass’ cash-burning business model proved unsustainable. For full-year 2018, its most recent financial filing, Helios and Matheson reported its net loss more than doubled, to $329.3 million, on revenue of $232.3 million.
Hit the "New" button on this thread and started reading responses. Read a bunch of posts before I realized they were from 2017!
My father in law recently closed his movie theater and had to declare bankruptcy. At one point he said he was at Costco and saw a 65" 4k capable TV for something crazy like $300. Between that and streaming services...
(Note his theater was unique and faced some other challenges over time).
It's Baaaaaaack!
https://www.yahoo.com/finance/news/m...144903613.htmlQuote:
MoviePass will return on September 5th with plans starting at around $10 per month
MoviePass is about to write the next chapter in its turbulent history. A beta of the revived service will launch on or around September 5th (Labor Day). Pricing will vary depending on each market, but it will be a tiered system costing around $10, $20 or $30 per month. Insider, which first reported the relaunch details, notes that users will get a number of credits each month to see movies in theaters. There won't be an unlimited plan at the outset.
Meanwhile, the parent for Regal Cinemas is teetering on the brink of bankruptcy