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MoviePass Parent Company Isnt Worried, Says Negativity Wont Slow The Service Down
Pretty much since it lowered its monthly subscription price to the attractive just under $10 a month mark last year, there have been questions about MoviePass' sustainability. Last week, as a part of an SEC filing, the service sought to assuage some of those concerns by being transparent about its finances and how changes to its business model are helping to keep it in business. However, the stock of parent company Helios & Matheson Analytics took a dive after the reveals, causing some to take an alarmist tack, heralding MoviePass' imminent demise. Yet, despite all the skeptics, MoviePass' parent company remains unfazed. Ted Farnsworth, head of Helios & Matheson Analytics, had this to say about the recent death knells:
There's been a feeding frenzy of negativity, but it's not going to slow us down. I'm not worried at all. You're going to see. We're doing more acquisitions of movies and companies.
It is of course unlikely that Ted Farnsworth would publicly take a dim view of MoviePass' future prospects, but he certainly sounds confident here that the service will not only survive, but will thrive going forward. The reason for all the sky is falling talk came from that SEC filing wherein MoviePass disclosed that it only had $15.5 million in available cash. That sounds like a lot, but when you consider that MoviePass currently spends more than that each month to finance subscriber tickets, it begins to look grim, which certainly contributed to the stock drop and the click-worthy headlines that followed. However, Ted Farnsworth also remarked that even without raising more money, the service has 17 more months worth of cash to live on and it has $300 million available to it from an equity line of credit; therefore, any eulogizing would be premature at best.
While it may be hasty to say that MoviePass is doomed, it isn't unfair to say that the service needs to find a way to adapt or diversify its business model in order to become profitable or at least not be operating at such a loss. As Ted Farnsworth told Variety, while at the Cannes Film Festival, the service is already doing that by acquiring movies and other companies in addition to the changes it is making to save money. MoviePass recently began stopping subscribers from seeing the same movie twice (the same weekend Avengers: Infinity War came out) and it has already begun to buy movies such as the upcoming heist movie, American Animals. MoviePass' presence at Cannes shows that it plans on continuing this course of action by buying films and then pushing subscribers to check them out through the app.
So, it appears that MoviePass is bullish on its future for now amidst all the public consternation about its sustainability. The folks at MoviePass and Helios & Matheson clearly know that they have tapped into something, as the interest in the service has quickly driven the subscriber base to over 2 million, with the expectation of that number growing and hitting 5 million by year's end. It is not uncommon for a startup to be in debt and go through growing pains such as this, operating at a loss for a time before becoming profitable, as services like Netflix and Spotify can attest to.
After a brief hiatus, MoviePass recently reintroduced its popular unlimited plan of $10 a month. Whether you have MoviePass or not, there are plenty of reasons to go to the theater this year, check them out in our 2018 release schedule.
We reported yesterday that Fox wasn't going to air a Deadpool 2 trailer during Super Bowl 2018, but predicted that the Merc with a Mouth would have something to say about it on social media. However, Deadpool took it one step further and live-tweeted throughout most of the game and if you're a fan, you're going to love the results.
Deadpool 2 Gets Cleverly Promoted During Super Bowl, Trailer
Lethal Weapon 2 Actor Derrick O'Connor Has Died At 77 Movies July 4, 2018 No Comments Though Riggs and Murtaugh anchor every installment in the Lethal Weapon franchise, every entry in the beloved buddy cop series has introduced wildly different bad guys for the heroes to fight.
Lethal Weapon star Derrick O'Connor has died, aged 77
A new rumor states series antagonist Kylo Ren will reportedly wear a new helmet and droid BB-8 will have a new side kick in 'Star Wars: Episode IX'.
The Resistance Broadcast - Kylo Ren's Mask Returns in Star
New Shazam! TV Spot Can't Conceal Billy Batson's Superhero Secret A brand new TV commercial for Shazam! arrived online. This film has been in the movies for a long time, even before the DC universe as we know it really takes shape.
Marta Milans Cast as Billy Batson's Foster Mother in Shazam
dccomicsmovie.com/marta-milans-cast-as-billy-batsons-foster-mother-in-shazam/
According to Deadline actress Marta Milans has been cast as Rosa Vasquez in David F. Sandberg's Shazam.Milans will be joining the continuing growing cast of Zachary Levi (Shazam) Asher Angel (Billy Batson), Jack Dylan Grazer, Grace Fulton, Ian Chen, Cooper Andrews and Jovan Armand.
Shazam! Casts Billy Batson's Foster Mother - Epicstream
epicstream.com/news/Shazam-Casts-Billy-Batsons-Foster-Mother
According to Deadline, Marta Milans (No Tomorrow) has been cast as Billy Batson's foster mother. It wasn't confirmed who her character is, but everyone is guessing that she will be playing
Shazam Movie 2019 Black Adam - imdb.shopeverup.com
imdb.shopeverup.com/shazam-movie-2019-black-adam.html
In billy batsons case by shouting out one word shazam. Shazam movie 2019 black adam. The actor will star in the dc comic book adaptation shazam which follows a boy named billy batson who can transform into an adult superhero. Movie continues to move full steam ahead. We all have a superhero inside us it just takes a bit of magic to bring it out.
Shazam Dc Movie 2019 - imdb.shopeverup.com
imdb.shopeverup.com/shazam-dc-movie-2019.html
Even though his background comes in horror director david f. The movie stars zachary levi and is directed by lights out and annabelle. Djimon hounsou was quietly cast to play the sorcerer who gives young billy batson his powers in dcs shazam. Though hes one of dc comics better known superheroes shazam wasnt originally a dc character.
Captain Marvel (DC Comics) - Wikipedia
The epic conclusion to 2016's Rogue One was bold, tragic and yet incredibly satisfying. One might call killing off each and everyone of the rebels introduced to in the Star Wars spinoff a brutal ending, but it added new depth and emotion to A New Hope and showed the stakes of the series' conflict more than ever before.
Rogue One Originally Had A Happy Ending
The What Are Those Meme Creator Really Hates His Black Panther Shoutout March 30, 2018 admin Movies 0 While it is an unprecedented success and a game changer for Marvel, Ryan Coogler's Black Panther maintained the studio's tried and true formula of incorporating plenty of comedy in with the action.
'What Are Those?' Meme Creator On Why He Hates His 'Black
Now at Disney California Adventure park, guests can welcome the king of Wakanda! For this limited-time experience, Black Panther will arrive in the Hollywood Backlot area of the park flanked by his Royal Guards, the Dora Milaje.
A 'Black Panther' Theme Park Ride Could Be in the Works From
Joe and Anthony Russo say no fan has ever successfully predicted what happens 'Avengers: Endgame'. The directors - who have helmed the upcoming blockbuster, 'Avengers: Infinity War' and two
Russo brothers reveal no fan has guessed plot of 'Avengers
We've known the Frozen 2 trailer would be coming this week to melt our hearts and now it's here. The new trailer for the upcoming Disney sequel finally reveals the adventure that Elsa will be going on. Before that, though, Elsa is definitely testing her powers and her abilities in the new trailer, which you can
Frozen 2 Official Trailer Has Elsa Testing Her Powers
Why The Porg Roasting Scene In The Last Jedi Was So Difficult
The Fate Of The Furious' F. Gary Gray Is Tackling A Wild Video Game Movie New Ghostbusters Movie 44 DC DC Comics Discovery Disney Game News Game of Thrones
Why Ralph Breaks The Internet Doesn't Feature More Of Felix
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