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AMC is Creating a Rival Service To MoviePass (axios.com)

Posted by msmash on from the how-about-that dept.

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.

5 of 72 comments (clear)

  1. Bankruptcy by crypticedge · · Score: 2

    Also, AMC isn't nearly bankrupt, unlike moviepass

  2. How do the studios get paid? by paiute · · Score: 3, Interesting

    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?

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  3. They might have the size to push back by H3lldr0p · · Score: 4, Insightful

    Considering that AMC is now the largest theater chain in the US, possibly the world (depending on how that partnership with the Chinese firm goes), they might have the ability to push back against Hollywood's unreasonable financial demands. Like the ones where Disney demands the entirety of the receipts for the first three weeks of certain Avenger or Star Wars films. Or where Disney asks for an extra 25% of receipts from any or all special events the theater may host ahead of the premiere of said films.

    Just so we're all on the same page, this isn't the theater chains being greedy. They're just trying to survive the ever increasing avarice of Hollywood.

  4. Re:Do the math by YuppieScum · · Score: 3, Interesting

    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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  5. AMC needs more dolby atmos screens and $8 beers by Joe_Dragon · · Score: 2

    AMC needs more dolby atmos screens and $8 beers