MoviePass Is Changing its Plan Yet Again to Stay Afloat

MoviePass Is Changing its Plan Yet Again to Stay Afloat

MoviePass, the struggling movie subscription service, will limit customers to three movies per month. "Additionally, the new plan addresses past misuses which imposed undue costs on the system, including ticket scalping, unauthorized card usage and other activities, which in the past necessitated the use of certain remedial measures that have sometimes been inconvenient for our subscribers".

With all of these issues percolating in the background, MoviePass has chose to change its tactics and will not raise its monthly subscription price after all.

According to MoviePass, only 15 percent of its more than 3 million subscribers see more than four movies per month.

MoviePass made headlines last month when the app suffered an outage because its parent company couldn't afford to pay for customers' tickets. As a result, the company expects the new subscription model won't affect 85 percent of its customers.

For example, if a MoviePass user wants to see the "Aquaman" movie this winter they should be able to see it at MoviePass-compliant theaters on opening weekend, with none of the issues that plagued the service during the opening of the latest "Mission: Impossible" film. Peak pricing and ticket verification (where subscribers had to take a picture of their ticket stub) have been suspended, while subscribers can once again see first-run major studio films.

As expected, MoviePass has been receiving a lot of outrage from its existing subscribers for this move as well. Now, in a bid to pacify its users and stop all that criticism, MoviePass today announced that it will not be raising its subscription price to $14.95/month as it had previously announced.

The company raised $5 million last week (and promised to pay the lender back $6 million) in an extremely short term loan that can be called in at anytime by the hedge fund that lend MoviePass the cash. In an interview with the WSJ, CEO Mitch Lowe confirmed that the price will remain at $9.95 per month, and that there will be no two week moratorium on new releases.



Related Posts

Paul Pogba's Manchester United future unsettled by Jose Mourinho's criticism
And with just three days until the close of the transfer market in England , Barcelona have very little time to close a deal. Juventus have agreed a swap deal with Manchester United , involving midfielders, Paul Pogba and Miralem Pjanic.

MoviePass Limiting Subscribers To 3 Movies Per Month
Under the previous plan, customers could see one movie per day in theaters. The stock plunged from $39 last October to just 8 cents last month.

President urged to stop tweeting on Trump Tower meeting
The meeting took place in Trump tower in NY , and the president originally claimed it concerned the issue of worldwide adoptions. There are few people in the world more convinced of Donald Trump's greatness and brilliance than Donald Trump Jr .

McLaren came close to signing Ricciardo - Zak Brown
He added: "I realise that there is a lot ahead in order to allow Renault to reach their target of competing at the highest level". Renault have named Nico Hulkenberg as Ricciardo's 2019 team-mate.

A 9-Year-Old Boy's Lemonade Stand Was Robbed at Gunpoint
Smith said she suspects the robber may be from her neighborhood because there are no stores or much of anything else nearby. A 9-year-old North Carolina boy who was running a lemonade stand was robbed at gunpoint on August 5, officials said.

Council votes to REMOVE Trump's star from Hollywood Walk of Fame
Trump co-owned the Miss Universe Organization, which also included the Miss USA and Miss Teen USA pageants, for almost 20 years. The star recognised Trump for his work on the TV reality show The Apprentice .

WB Now Working On A Big Ol' SUPERGIRL Movie
She's a cousin of Superman who escaped the planet Krypton as a teenager with the infant Superman as they made their way to Earth. Supergirl was previously seen on the silver screen in the 1984 film named after the titular character.

Women's Month: Mothers are encouraged to breastfeed regardless of HIV status
Those who breastfed their child have a lower risk of developing breast or ovarian cancer as well as heart disease or osteoporosis. One of the steps to successful exclusive breastfeeding includes allowing mothers and infants remain together 24 hours a day.

Michael Jordan Responds to Donald Trump's LeBron James Tweet: 'I Support LJ'
" He made Lebron look smart, which isn't easy to do ", Trump tweeted on Friday while watching the rebroadcast of the interview. But the attack on James, who was being interviewed by another black man, to some resembled a racial dog whistle.

Outside firm will head Meyer probe; expected to take 2 weeks
Meyer released a statement Friday saying that he followed proper procedures when he found out about the 2015 abuse allegations. She's a former federal prosecutor and a former chairwoman of the U.S.

© 2015 ExpressNewsline. All Rights reserved.