Update: Looks like American Express cardholders will be offered a prorate refund automatically, if you don’t see it on your next statement then contact American Express. Hat tip to Travel With Grant
Original post: According to Business Insider movie subscription service MoviePass will shut down this Saturday. Parent company Helios and Matheson Analytics will be looking to sell MoviePass and associated companies Moviefone and MoviePass Films. MoviePass was exceptionally popular when it first launched, but as they tried to reduce losses it became more and more difficult to use. The latest update to MoviePass we shared was that the app would go dark for months to update. If you have an existing MoviePass membership it’s unlikely you’ll be able to receive any sort of refund directly, but you can always try to issue a charge back with your credit card issuer. Earlier this year competitor Sinemia also shut down operations.
View Comments (29)
Pretty sure Moviepass was based on reloading a prepaid card so watch out for that prorated clawback from Amex in 14 months.
This is shocking. What’s next, Sears Shop Your Way?
Should it be AMC rather than AmEx?
I don't think so?
Hopefully this means my share of H&M stock will be worth more than a penny again.
If Hollywood actually put out quality movies(The Shape of Water) and not a superhero of the month I'd go see a few. But,I guess that's what sells.
Interesting concept. So you’re saying they should stop putting out movies that make hundreds of millions in favor of movies that make tens of millions. I’m going to go out on a limb and say math was not your best subject.
“The Shape of Water” made about ten times its budget at the box office.
“Avengers: Endgame“ made about eight times its budget at the box office.
Maybe math wasn’t YOUR best subject, lol.
Making quality, smaller-budget movies is a perfectly valid strategy for making money in Hollywood (and outside of Hollywood).
Math has nothing to do with it. Quality is the key word. They'll keep on churning out moneymakers forever. English not your best subject? I'm done here.
Wait, you’re not being sarcastic?
Fortunately for us, most people don't agree with your version of quality, according to the box office. Business isn't a subject you understand either, apparently.
“The Shape of Water” made about ten times its budget at the box office.
“Avengers: Endgame“ made about eight times its budget at the box office.
Maybe business isn’t a subject YOU understand, lol.
Making quality, smaller-budget movies is a perfectly valid strategy for making money in Hollywood (and outside of Hollywood).
There's no business like show business.
“No one ever went broke underestimating the intelligence of the American public.”
The Wisdom of Crowds. Yeah, sure.
Honestly ever since Moviepass started having a lot of issues several months ago I cancelled and now rarely go to the movies. We only have Cinemark here and their subscription service sucks so they've lost almost all business from me and my SO.
Bought movie pass while it was still being sold at Costco. Then once things started going down, I issued a refund through Costco. Maximized all the benefits :)
I do feel a subscription is the future of movie theaters. $10 was a terrible idea
Was great while it lasted. Here in NYC, the $10/month MoviePass made it a no-brainer for me and my girlfriend to start seeing movies much more frequently, both new releases and older films being brought back for special screenings. Seeing even a single movie each month more than paid for the service; after that, a midnight showing of "Alien" or "Die Hard" was basically a free date. Obviously unsustainable as a business model, but damn if those weren't some fun months.
And AMC has no needs to keep the A-List program anymore. They can either double the price or just cancel it entirely.
I haven't been to a theatre that was sold out in years. AMC gets $22/mo to fill seats that were already empty. And they have huge markups on their concessions. Unlike MP, they don't have to pay the full price of a ticket since A-List can only see AMC movies. They'll keep it as long as they make money from it.
If they want everyone to jump to Regal unlimited
Unless you're buying lots of concessions, neither chain is making money off the programs, so both will die soon or see significant changes.