Netflix Co-Founder's Crazy Plan: Pay $10 a Month, Go to the Movies All You Want (bloomberg.com)

Mitch Lowe, a founder of Netflix, has a crazy idea. Through his new startup MoviePass, he wants to subsidize our film habit, letting us go to the theater once a day for about the price of a single ticket. From a report: Lowe, an early Netflix executive who now runs a startup called MoviePass, plans to drop the price of the company's movie ticket subscriptions on Tuesday to $9.95. The fee will let customers get in to one showing every day at any theater in the U.S. that accepts debit cards. MoviePass will pay theaters the full price of each ticket used by subscribers, excluding 3D or Imax screens. MoviePass could lose a lot of money subsidizing people's movie habits. So the company also raised cash on Tuesday by selling a majority stake to Helios and Matheson Analytics, a small, publicly traded data firm in New York. [...] Theater operators should certainly welcome any effort to increase sales. The top four cinema operators, led by AMC Entertainment, lost $1.3 billion in market value early this month after a disappointing summer.

Comments

Re:For me this isn't worth it

[bazmail]

Yes but to the average dipshit on the street who can't do the math his idea will seem awesome.Personally I have no problem with the current ticket prices either, its the movies that suck.


Comic book movies, movies about fucking wizards, remakes of shit that was a bad idea the first time around. Tome Cruise/Hanks, Adam Sandler etc. Its an endless stream of utter shit and piss.

So, in conclusion, fuck the cinema.

Re:Which theaters participate?

[Anonymous Coward]

install their app and put in your zip code and it'll tell you what theaters near you participate, if you don't want to install then ask on the chat on their website. Their website alleges 91% of theaters nationwide