MoviePass may be a sinking ship, but its parent company Helios and Matheson Analytics won’t let the subscription service drag it down. Helios and Matheson is spinning its MoviePass assets out into a separate publicly traded company. To keep with the ship analogy, this makes MoviePass more like a sinking life raft, with its assets MoviePass Films, MoviePass Ventures, and MovieFone cut loose from Helios and Matheson’s cruise liner.
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MoviePass, the movie ticket subscription service that was flying high in early 2018, has been barely clinging to life for the past few months. Their financial failure and series of bone-headed decisions have been well-documented, but if you thought things couldn’t get any worse for them, think again: parent company Helios and Matheson Analytics is under investigation in New York for potentially misleading investors. Yikes. Read More »
Rumors of the death of MoviePass have been greatly exaggerated. Sort of. While the theater subscription service has gone through an extremely rough patch in the last few months, they’re still around – and so is MoviePass Films, the folks that brought us Gotti! The latest venture from MoviePass Films is a horror flick from The Descent and Hellboy reboot director Neil Marshall. Called The Reckoning, the film is centered in England around the witch hunts and the great plague of 1665.
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“Just when I thought I was out, they pull me back in.”
It seemed like we heard the last of MoviePass trying to pull off some questionable antics when it comes to their movie ticket subscription service. But here we are with a new way for MoviePass to pull former customers back in with another change to their offerings, whether you like it or not. No, seriously, they’re trying to force users who opted out of their last subscription plan update into signing up for a new unlimited plan unless they opt out. Find out more about new MoviePass unlimited plan below. Read More »
The news just keeps getting worse for MoviePass. Since implementing a series of unpopular changes along with their extremely limited new subscription plan, the ticket-buying app has taken tons of hits — from shareholders, from competitors, and even from its own subscribers. Now, the one thing it had going for it is taking a nosedive as well: new subscribers.
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MoviePass didn’t create any problems for customers last weekend, but they’re definitely making up for that fluke with their latest decision to screw over their members.
The movie ticket subscription service that has been struggling for weeks to stay afloat sent out an e-mail to their annual subscription holders with some bad news. MoviePass gave annual membership customers the option to either opt in to a new monthly limited subscription plan of three movie tickets each month (from a limited and constantly changing selection of movies in theaters) or cancel their membership with a prorated refund instead. What a deal! Read More »
The MoviePass mayhem continues as the ticket-buying service tries to stay afloat with a few tweaks to its newly implemented daily schedule. But even as the daily MoviePass schedule expands from a six-movie line-up to a nine-movie lineup, some of the biggest new movies are noticeably absent.
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If you thought MoviePass couldn’t make any more unpopular decisions, you’d be wrong. The flaming heap that was once the popular ticket-buying service has once again introduced a new change that’ll likely make a few more subscribers (unsuccessfully) attempt to cancel their plans. The newest confounding change: You only get to choose from a rotating line-up of six movies a day.
On the same day of this announcement, MoviePass’s primary competitor, AMC A-List, released a statement guaranteeing its customers a 12-month guarantee that its prices or benefits wouldn’t change. Talk about kicking a competitor while it’s down.
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Karmic retribution comes fast for MoviePass soon after the ticket-buying service prevented its subscribers from cancelling their subscription plans. The service’s parent company Helios and Matheson revealed its MoviePass losses to be an at all-time high, ballooning from less than $3 million this quarter last year to $126.6 million.
To add onto that, MoviePass is also facing potential lawsuits from its frustrated shareholders, who are accusing the company of fraud and misinformation. Looks like karma is working overtime.
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Update: It seems that Costo will accept returns on any one-year MoviePass subscriptions purchased in their stores. We have added the details below.
Just when you think MoviePass can’t sink any lower, they go and do something like this.
Last week, MoviePass unveiled their new subscription plan, which is becoming their only subscription plan and goes into effect this week on August 15. Instead of the subscription giving customers one movie ticket a day to see a wide variety of films playing at their local multiplex, subscribers now only have the option to pay $9.95 a month for just three movie tickets. The deal was made even worse when customers realized last weekend that MoviePass was limiting the selection of movies available to just two options. But today, they’re doing something even more questionable and despicable.
Last night, some users found out that even though they had canceled their MoviePass subscription, they had been automatically opted in to this new subscription plan, and that “choice” to opt in trumped any cancellation they might have previously confirmed. This is shady as hell. Read More »
