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molson · 07-27-2018, 10:30 AM

Looks like the end.

Stock tanked, huge reverse stock split, stock tanked again.

The service shut down last night and they did a SEC filing this morning indicating they needed to borrow $5 million to keep the service running. That wasn't great what for what's left of the stock.

Surge pricing was a last act of desperation. They sold it as if there'd be a $1 or $2 surcharge for huge blockbuster movies on weekend nights, but it ended up being, in some markets, up to $6 for the top 5-6 movies Thursday-Sunday. I had adapted to that - I saw the big movies during the week and the smaller indie movies on the weekend, but, the subscriber base was angry.

No AMCs around me, but movie tickets are fortunately pretty cheap here, and we have some great second-run theaters, so I'm thinking I'll end up paying around $20/month for 3-4 movies. Since this crazy moviepass year really did end up getting me hooked on going to the movies again.

07-27-2018, 10:30 AM	#75
molson General Manager Join Date: Oct 2002 Location: The Mountains	Looks like the end. Stock tanked, huge reverse stock split, stock tanked again. The service shut down last night and they did a SEC filing this morning indicating they needed to borrow $5 million to keep the service running. That wasn't great what for what's left of the stock. Surge pricing was a last act of desperation. They sold it as if there'd be a $1 or $2 surcharge for huge blockbuster movies on weekend nights, but it ended up being, in some markets, up to $6 for the top 5-6 movies Thursday-Sunday. I had adapted to that - I saw the big movies during the week and the smaller indie movies on the weekend, but, the subscriber base was angry. No AMCs around me, but movie tickets are fortunately pretty cheap here, and we have some great second-run theaters, so I'm thinking I'll end up paying around $20/month for 3-4 movies. Since this crazy moviepass year really did end up getting me hooked on going to the movies again. Last edited by molson : 07-27-2018 at 10:32 AM.