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AMC is Creating a Rival Service To MoviePass (axios.com)
AMC said on Wednesday it is creating a VIP tier of its loyalty program, a subscription movie theater pass called AMC Stubs A-List, which will allow users to see three movies a week in AMC theaters for $20 a month. From a report: The offering rivals that of MoviePass, a subscription movie service with longstanding tensions in negotiating pricing and theater distribution agreements with AMC. Tensions between AMC and MoviePass had gotten so bad that last year that AMC said it would try to block MoviePass. MoviePass CEO Mitch Lowe told Axios in an interview in January that MoviePass brought in 1 million tickets for AMC in December alone. Like MoviePass, the AMC subscription will let users see a certain number of films for a monthly flat fee, but will only be viewable in AMC theaters.
I was under the impression that the studios received the majority of the box office for the initial run of a movie. How are they going to be happy about getting 20/12 bucks now for each ticket?
If Slashdot were chemistry it would look like this:Cadaverine
Do the math on this. I just looked up movie ticket prices in my area (MN) and it's $12.90 for a regular non-discounted movie. If I saw three of those types of movies per month, call it $39. So for about half that ($20/month) AMC will let me see three movies each month.
A little more maths is required, along with a smidge of reading comprehension. The summary says three movies a week, which is (more or less) twelve movies a month with a potential saving of ~US$135.
On the other hand, I doubt there are that many movies I'd care to see, unless they also show lots of classic back-catalogue material...
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