Former MoviePass CEO is bouncing back and ready to apply his magic touch to... moviepass?

[Blankity Blank]

Stop me if you’ve heard this one before...

"I believe there is great unrealized value in MoviePass and we want to rebuild and make sure it reaches its full potential," [Former chairman and chief executive Ted] Farnsworth said. "I have always believed in the business model and the brand Mitch Lowe and I built at MoviePass. There's tremendous appetite for movie theater ticket subscription."


All it needs is the right touch.

[sekker]

Blankity Blank wrote:
Stop me if you’ve heard this one before...

"I believe there is great unrealized value in MoviePass and we want to rebuild and make sure it reaches its full potential," [Former chairman and chief executive Ted] Farnsworth said. "I have always believed in the business model and the brand Mitch Lowe and I built at MoviePass. There's tremendous appetite for movie theater ticket subscription."

Durant built General Motors, was thrown out, built Chevrolet, was thrown out, died a pauper.

https://en.wikipedia.org/wiki/General_Motors

Bankers made a killing, however.


All it needs is the right touch.

[GGD]

Blankity Blank wrote:
There's tremendous appetite for movie theater ticket subscription."

I never thought that demand was the problem with the whole business model.

[Carm]

Cinemark has their own plan. $9.99 a month with reduced prices at the concession stand. No online convenience fee, and one movie ticket included a month, it rolls over to the next mont if you don’t use it. Also points for purchases, which you can redeem for tickets or concession bucks.

[Mike Sellers]

They paid full price for the tickets they resold. Reminds me of the old SNL commercial for the Change Bank. "How do we make money? Volume."

[RAMd®d]

Cinemark has their own plan. $9.99 a month with reduced prices at the concession stand. No online convenience fee, and one movie ticket included a month, it rolls over to the next mont if you don’t use it. Also points for purchases, which you can redeem for tickets or concession bucks.

Actually, that sounds like a pretty good deal.

Its been too long since I've taken in a weekday matinee, so I'll have to check the prices.

It doesn't seem that long ago I was paying around $6 or less for a non-summer block buster movie, no frills, and it was cheaper than the regular price with senior discount.

[Speedy]

Our $1 movie theater was bought up by the local full price chain which it then shut down.