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'PenniesGoneWild' we found the link you asked for
Mark Cuban sold his Twitter stock to load up on cash
• The billionaire investor sold Twitter to add to his cash stockpile, which he's keeping to guard against worries in the U.S. stock market and current debt levels.
• Cuban said he's trying to "accumulate as much cash as possible" and owns just a handful of stocks at the moment.
• Twitter shares are up more than 100 percent this year and about 40 percent in 2018.
Kate Rooney | @Kr00ney
Published 2:17 PM ET Mon, 13 Aug 2018 Updated 5:14 PM ET Mon, 13 Aug 2018CNBC.com
… I wanted to accumulate as much cash as possible," Cuban said...
Source:
https://www.cnbc.com/2018/08/13/mark-cuban-sold-his-twitter-stock-to-load-up-on-cash.html
Rocketstockpix' Article link to validate or substantiate. we do not participate or communicate with unsubstantiated.
Opt to go forward and not to read the post, no one is forcing you to read them. go forward and have a blessed day. and do not communicate with us.
Trevor11 Article we posted says:
"THE E-COMMERCE GIANT IS REPORTEDLY BIDDING TO BUY CINEMA CHAIN LANDMARK"
Rocketstockpix Friday, 08/17/18 01:54:35 PM
Re: Trevor11 post# 23928
Post #
23944
of 23962
THEY'RE NOT BIDDING AND CUBAN WON'T SELL
HMNY: AMAZON BIDDING FOR LANDMARK THEATRES, LANDMARK THEATRES PARTNED WITH MOVIEPASS
AUGUST 16, 2018
STICKING TO THIS MODEL HAS MADE CINEMA CHAINS MORE WILLING TO WORKING WITH AMAZON
MOVERS AND SHAKERS
AMAZON COULD BE THE NEXT GREAT DISRUPTOR IN CINEMA
BY ASHLEY RODRIGUEZ
AUGUST 16, 2018
Cinema stocks got a lift on word that AMAZON MIGHT BE GETTING INTO THE MOVIE THEATER BUSINESS.
THE E-COMMERCE GIANT IS REPORTEDLY BIDDING TO BUY CINEMA CHAIN LANDMARK THEATRES, which owns about 50 movie theaters in the US, Bloomberg reported today (Aug. 16).
If it comes to fruition, Amazon would be the first big tech company to enter the cinema space, which has been upended in recent years by streaming-video services like Netflix that make it easier and more affordable to watch new movies at home. Movie ticket sales declined (pdf) about 9% in the US and Canada—the world’s largest movie market—from 2012-2017. Subscription services like MoviePass have since attempted to revitalize moviegoing by changing the model of selling tickets. LANDMARK PARTNERS WITH MOVIEPASS TO OFFER E-TICKETING, SEAT SELECTION, AND OTHER PERKS THROUGH THE APP.
Shares of three of the largest US cinema chains, AMC Theaters, Cinemark, and Marcus Corp, ticked up 1-4% during intraday trading on Thursday, after word spread of Amazon’s interest in the market. The stocks initially dipped on the news, but all quickly recovered. IMAX Corp was down almost 1% on the day. The e-commerce giant shook up the grocery world last year when it acquired Whole Foods, and has since brought perks like free delivery and discounts for subscribers of its Amazon-wide Prime program to the chain.
Amazon rents and sells movies online, streams them on its subscription service, Prime Video, and makes and distributes them through AMAZON STUDIOS. IT’S ALSO A BIG BUYER OF INDEPENDENT FILMS. LANDMARK THEATERS, KNOWN FOR ARTHOUSE FILMS, WOULD GIVE IT A PIECE OF THE PHYSICAL OUTLETS WHERE THOSE MOVIES PLAY.
UNLIKE NETFLIX, WHICH release its original movies online the same day they hit theaters, if they hit theaters at all, Amazon has stuck to the traditional way of releasing its films, such as Manchester By the Sea and The Big Sick. It releases them in theaters first, and waits at least three months before making them available online. The movie industry has long depended on this model, which assures that the people who want to see a movie most have to pay the most, and makes those who are unwilling to shell out the cash wait. STICKING TO THIS MODEL HAS MADE CINEMA CHAINS MORE WILLING TO WORKING WITH AMAZON than peers like Netflix, though the streaming-video rival does have a distribution deal with luxury theater chain iPic.
Source:
https://qz.com/1360879/amazon-could-start-a-new-movie-theater-revolution-with-landmark-theatres/
MOVIEPASS AND MARK CUBAN’S LANDMARK THEATRES PARTNERSHIP IS A RARE PUBLIC SHOW OF SUPPORT
BY JENNA MAROTTA AND CHRIS O'FALT
Mar 28, 2018 5:32 pm
Source:
https://www.indiewire.com/2018/03/moviepass-mark-cuban-landmark-theatres-partnership-1201944187/
HMNY: MILE 22, UP SIDE, INCOME INCREASE, DOMESTIC_OPEN_TODAY
DOMESTIC OPEN TODAY
source:
https://pro.boxoffice.com/long-range-tracking-mile-22-crazy-rich-asians-alpha/
SEE BELOW
IF YOU MISSED IT
HMNY: $17,000,000.00 MILLION (3) THREE DAY TRACKING, MILE_22 IS GETTING SEQUEL
MILE 22 BEGINS IN THE UNITED STATES. FRIDAY, THIS WEEK.
9:31 AM PDT 7/26/2018 BY PAMELA MCCLINTOCK
On Aug. 17, two other films enter the fray: STXfilms and Pete Berg's male-fueled Mile 22, starring Mark Wahlberg, and Sony's prehistoric adventure-drama Alpha, directed by Albert Hughes and starring Kodi Smit-McPhee.
MILE 22 IS TRACKING TO GROSS $17 MILLION FOR THE THREE DAYS, meaning that pic and Crazy Rich Asianscould find themselves in a close race for the weekend crown. Tracking, of course, isn't a science, and both movies will be making their biggest marketing push in the next three weeks
Source:
https://www.hollywoodreporter.com/news/crazy-rich-asians-tracking-20m-us-debut-at-box-office-1129979
NEWS
MARK WAHLBERG'S MILE 22 IS ALREADY GETTING A SEQUEL
BY ADAM HOLMES
7 COMMENTS
1 MONTH AGO
Usually studios wait to see how a movie will perform before deciding whether or not to order a sequel. However, in recent years this has become less commonplace with blockbusters adapted from existing properties, but even outside that sphere, there's the occasional surprise. Case in point, Mark Wahlberg's next movie, Mile 22, doesn't come out for another two months, but STX Entertainment has already decided to give a sequel the green light. There's no word yet on if it will be called Mile 22 2 or Mile 23 yet.
Black List writer Umair Aleem has been hired to write the Mile 22 sequel script. Graham Roland and Lea Carpenter penned the first movie. In addition to being featured on the 2017 Black List for his action movie Kate, Aleem was also tapped to write Danger Girl, based on the 1990s comic book series of the same name. No plot details were revealed about the Mile 22 sequel in THR's report, so those of you wondering what this project will be about, you will have to wait and see Mile 22before you get an inkling about where the next installment could go.
Mile 22 follows Mark Wahlberg's James Silva, an elite American intelligence officer who leads the tactical team of operatives known as Overwatch, being tasked with secretly moving a police officer who has sensitive information out of a foreign country. The movie's cast also includes Lauren Cohan, Iko Uwais and Ronda Rousey. Mile 22 marks Wahlberg's fourth collaboration with director Peter Berg(they previously worked together on Lone Survivor, Deepwater Horizon and Patriots Day), though it remains to be seen if Berg will be back to helm the sequel.
Rather than shoot on a Hollywood lot like most blockbusters, Berg and the cast and crew conducted principal photography in Bogota, Colombia.
Initially, it may sound weird at first to move ahead with a sequel to Mile 22, a movie that isn't based off an existing property and hasn't even been reviewed yet, apparently it's always been the plan for this movie to be the first installment in a franchise. Following Mile 22's release, STXsurreal will put out The Kiev Exchange, a short-form, live action VR series that follows Ground Branch, the CIA's elusive paramilitary force, being sent to negotiate a hostage exchange in a public square, only to have to fight their way out of an ambush. While The Kiev Exchange is clearly being set up as a spinoff set in this fictional universe, presumably Mile 22's sequel will have closer ties to the movie that's kicking all of this off.
Mile 22 will be released in theaters on August 17, so stay tuned to CinemaBlend for continuing coverage. In the meantime, feel free to browse through our 2018 release schedule to learn what other movies are coming out later this year.
Source:
https://www.cinemablend.com/news/2440880/mark-wahlbergs-mile-22-is-already-getting-a-sequel
Posted by: Trevor11
In reply to: None Date:8/8/2018 8:58:03 PM
Post #18916 of 21529
HMNY: ACQUISITION, EFO FILMS, MILE 22, ON AUG._3 2018(TRAILER
MILE 22 SOUNDTRACK (45 SONGS)
https://open.spotify.com/user/tunemunk/playlist/14VALWVxkek2uKrrefhLl2
#MILE22 #STX
MILE 22 | FINAL TRAILER | IN THEATERS AUGUST 17, 2018
97,113 VIEWS
54455SHARE
VIDEO LINK FOR FINAL TRAILER BELOW
https://www.youtube.com/watch?v=dLw2sfQrhcQ
HMNY: ACQUISITION, EFO FILMS, MILE 22, ON AUG._3 2018
See MILE 22 TRAILER BELOW
https://www.youtube.com/watch?v=ton2-vP99VQ
MILE 22 (2018)
RELEASE INFO
Singapore 2 August 2018
Estonia 3 August 2018
USA 3 August 2018
Portugal 9 August 2018
Greece 16 August 2018
Russia 16 August 2018
Spain 17 August 2018
Australia 23 August 2018
Hungary 23 August 2018
UK 27 August 2018
France 29 August 2018
Denmark 30 August 2018
South Africa 7 September 2018
Belgium 26 September 2018
Netherlands 1 November 2018
Source:
https://www.imdb.com/title/tt4560436/releaseinfo
MoviePass launches film production company
Annlee Ellingson, Staff Writer - L.A. Biz
May 31, 2018, 1:47pm MDT
MOVIEPASS PARENT HELIOS AND MATHESON ANALYTICS INC. HAS MADE ANOTHER MOVE to diversify its strategy with the launch of a production company called MoviePass Films.
THE MOVE WAS ENABLED BY HELIOS’ ACQUISITION OF THE ENTIRE FILM LIBRARY AND CURRENT PRODUCTION SLATE OF EMMETT FURLA OASIS FILMS (EFO FILMS)…
…HELIOS (NASDAQ: HMNY) owns 51 percent of MoviePass Films, with EFO holding the remainder. The venture will focus on studio-driven content and new film production for theatrical release and other distribution channels.
EFO founders Randall Emmett and George Furla will serve as co-CEOs, with Helios chief Ted Farnsworth serving as chairman. MoviePass CEO Mitch Lowewill also hold a seat on the board, with Farnsworth and Lowe working together to leverage MoviePass to market MoviePass Films to its subscribers.
Source:
https://www.bizjournals.com/denver/bizwomen/news/latest-news/2018/05/moviepass-launches-film-production-company.html?page=all
…RANDALL EMMETT AND GEORGE FURLA OF EMMETT/FURLA/OASIS FILMS. EMMETT-FURLA ARE HERE AT CINEMACON WITH THEIR MARK WAHLBERG HEADLINER/PETER BERG-DIRECTED FEATURE MILE 22 WHICH STXFILMS IS RELEASING ON AUG. 3…
Source:
https://deadline.com/2018/04/moviepass-john-travolta-gotti-movie-stake-1202376229/
Date:8/12/2018 8:29:54 AM
Post #20959
HMNY: FARNSWORTH ... WITH HMNY...A DECISION_KRISHNAN_MAY_BE_REGRETTING
AUGUST 12, 2018. GIRI DEVANUR TAKES A SUBSTANTIAL POSITION IN HMNY, SOMETHING IS UP
WHAT YOU MAY NOT KNOW IS PAT KRISHNAN WAS THE CEO OF HMNY PRIOR TO THE ARRIVAL OF TED FARNSWORTH
THERE IS A VERY INTERESTING LINK BETWEEN DEVANUR AND THE CURRENT CIO OF HMNY, PAT KRISHNAN
FARNSWORTH ... WITH HMNY IS LIKELY A DECISION KRISHNAN MAY BE REGRETTING NOW
I HAVE REACHED OUT TO DEVANUR TO FIND OUT WHAT HIS INTEREST IS HERE IN HMNY,
WHEN A PRIOR CEO OF A PUBLICLY TRADED COMPANY, WHO IS NOW A RESPECTED LEADER OF A NEWLY FUNDED STARTUP, TAKES A BIG POSITION IN A 3RD PARTY COMPANY, SOMETHING IS UP. WHAT EXACTLY IT IS, AND WHY HE DID IT, WE DON’T YET KNOW.
AUGUST 12, 2018 BY BOBVISSE
A VERY INTERESTING NEW INVESTOR HAS TAKEN A STAKE IN HMNY
An alert reader of this blog sent me an interesting SEC filing tip this week. GIRI DEVANUR A VERY RESPECTED BUSINESS LEADER HAS TAKEN A SUBSTANTIAL POSITION IN HMNY – THE SEC FILING SHOWS DEVANUR PERSONALLY NOW HOLDS OVER 5% OF THE COMPANY.
Devanur is the former CEO of NASDAQ listed Ameri100 – and he is now the CEO of a well-funded blockchain startup company calledRuns.com. DEVANUR HAS AN IMPRESSIVE RESUME AND HAS BUILT PRIOR COMPANIES FROM THE GROUND UP TO OVER 1000 EMPLOYEES.
Very interestingly– Devanur’s Ameri100 company was in a similar line of business as HMNY, prior to the Ted Farnsworth takeover of HMNY and their subsequent risky investment into Moviepass.
Ameri100 does high-end consultancy IT work, they are mostly focused on SAP installations- but the also do other work – including big data analytics like HMNY was doing on a consulting basis prior to Farnsworth merging Zone Technologies into HMNY, and then going after Moviepass.
THIS IS IMPORTANT BECAUSE THERE IS A VERY INTERESTING LINK BETWEEN DEVANUR AND THE CURRENT CIO OF HMNY, PAT KRISHNAN
WHAT YOU MAY NOT KNOW IS PAT KRISHNAN WAS THE CEO OF HMNY PRIOR TO THE ARRIVAL OF TED FARNSWORTH. Krishnan actually takes credit on his linked in profile for acquiring Farnsworth’s RedZoneMaps company. Stating on his profile that as CEO of HMNY he: “Provided strategic direction for the company by acquiring a crime mapping and navigation company called RedzoneMaps. Provided technology and marketing direction for RedzoneMaps.Ran the analytics and AI team for RedoneMaps to provide Predictive capabilities for CrimeMapping.”
THE REDZONEMAPS AND FARNSWORTH MASHUP WITH HMNY IS LIKELY A DECISION KRISHNAN MAY BE REGRETTING NOW that HMNY’s value has been obliterated by Farnsworth’s big gamble on Moviepass. Hard to say for sure, as we don’t know yet how this story of HMNY and Moviepass will end. But IT CAN’T LOOK GOOD TO KRISHNAN’S STOCK HOLDINGS OF HMNY AT THE MOMENT.
KRISHNAN AND DEVANUR HAPPEN TO BE “CONNECTED” ON LINKEDIN AND HAVE VERY SIMILAR OVERLAPPING EXPERIENCES AND RESUMES. Both now reside in New York/ New Jersey area. It’s pretty obvious that these two individuals are very likely to know each other. These circles are actually pretty small, particularly at the CEO levels. There is almost zero chance that these guys don’t know each other.
I am not suggesting any insider trading here. I am simply suggesting that it is quite possible that Krishan and Devanur know each other, and THERE IS AT LEAST A STRONG POSSIBILITY THAT DEVANUR’S DUE DILIGENCE WHEN TAKING A LARGE POSITION IN HMNY INCLUDED REACHING OUT TO HIS OLD COLLEAGUE KRISHNAN to see how things were going with HMNY.
And I would say it is at least possible that Krishnan explained to Devanur that the stock of HMNY has been beaten down, but that Krishnan still believes in the company, and feels that the stock represents a good value. All of this is speculation on my part here of course.
ALL WE REALLY KNOW FOR A FACT IS THAT A RESPECTED BUSINESS LEADER (DEVANUR), WHO HAS A TERRIFIC RESUME AND BACKGROUND AND IS CONNECTED TO THE CIO AND THE XCEO OF HMNY HAS DECIDED TO MAKE A BIG BUY IN HMNY WITH HIS PERSONAL FORTUNE. That in it of itself is an interesting move.
DEVANUR IS AN IMPORTANT AND VERY BUSY GUY, I seriously doubt he is trolling stock boards looking for investment opportunities like a normal retail investor. TO GO THROUGH THE HASSLE OF FILING WITH THE SEC, AND BUYING A BIG STAKE IN THE COMPANY, THERE HAS TO BE MORE THAN A SIMPLE RETAIL BUY OF THE STOCK GOING ON HERE.
WHEN A PRIOR CEO OF A PUBLICLY TRADED COMPANY, WHO IS NOW A RESPECTED LEADER OF A NEWLY FUNDED STARTUP, TAKES A BIG POSITION IN A 3RD PARTY COMPANY, SOMETHING IS UP. WHAT EXACTLY IT IS, AND WHY HE DID IT, WE DON’T YET KNOW.
I HAVE REACHED OUT TO DEVANUR TO FIND OUT WHAT HIS INTEREST IS HERE IN HMNY,AND WHY HE TOOK THE LARGE POSITION HE DID IN THE COMPANY.. I will let you know what I hear- if I get any comment back at all.
Source:
bobvisse.com/a-very-interesting-new-investor-has-taken-a-stake-in-hmny/
Wednesday, 08/08/18 12:43:04 PM
Re: None
Post # 18231
HMNY: MOVIEPASS CEO MITCH LOWE ON CNN, (DIRECT_LINK)_LIVE
https://money.cnn.com/investing/markets-now/?iid=EL
Date:8/8/2018 10:33:58 PM
Post #18961
HMNY: MITCH LOWE TODAY, WE ARE PAID MILLIONS_BY_THE_STUDIOS
60% ALREADY, THE BURN IS COMING DOWN
15% OF SUBSCRIBERS CONVERTED YESTERDAY TO NEW PLAN
WE ARE ALREADY GETTING PAID MILLIONS OF DOLLARS BY THE STUDIOS TO PROMOTE THEIR FILMS
OVER 2000 SCREENS PARTNERING WITH US WHERE WE GET DISCOUNTS ON TICKETS
STILL OVER 3,000,000 SUBSCRIBERS
MISTAKE IN THE PAST YEAR IS Trying TO SERVE ALL MOVIEGOERS
15%, OR SUPER CONSUMERS 40% OF BURN
FANDANGO EARNS $1.00 FOR EVERY TICKET IT SELLS
WE HAVE ADVERTISING AGREEMENTS WITH STUDIOS
STUDIOS ARE PAYING US TO PROMOTE THEIR TITLES
WE CAN GENERATE $4.00 TO $6.00 BY PROMOTING PRODUCTS TO OUR SUBSCRIBERS PER MONTH
MOVIEPASS IS IMPERFECT BUT DELIVERING AN 'AMAZING VALUE,' CEO SAYS
TV SHOWS
WHAT'D YOU MISS?
AUGUST 8TH, 2018, 5:19 PM EDT
MITCH LOWE, MOVIEPASS INC. CHIEF EXECUTIVE OFFICER, DEFENDS THE COMPANY'S BUSINESS MODEL ON "WHAT'D YOU MISS?" (SOURCE: BLOOMBERG)
VIDEO LINK BELOW:
https://www.bloomberg.com/news/videos/2018-08-08/moviepass-is-imperfect-but-delivering-an-amazing-value-ceo-says-video
HMNY: MOVIEPASS, AMAZON, NETFLIX, LANDMARK THEATERS, REPORTED AUGUST 15, 2018, MARCH 27, 2018
PARTS 1, 2, & 3.
MOVIEPASS ALREADY IN CONTRACT WITH LANDMARK, LANDMARK IN TALKS TO BECOME PART OF AMAZON
1.
REPORTED MARCH 27, 2018 4:26PM PT
MOVIEPASS SIGNS DEAL WITH MARK CUBAN’S LANDMARK THEATRES
UNDER THE AGREEMENT, ANNOUNCED ON TUESDAY, MOVIEPASS WILL BE INTEGRATED INTO LANDMARK THEATRES’ TICKETING SYSTEM.
IN A DEAL WITH A MAJOR EXHIBITION CHAIN, MOVIEPASS HAS PACTED WITH MARK CUBAN’S LANDMARK THEATRES
2.
REPORTED AUGUST 15, 2018 9:44 PM PDT
THE INTERNET RETAIL GIANT IS COMPETING AGAINST OTHER SUITORS TO ACQUIRE LANDMARK THEATRES from a group backed by billionaire Mark Cuban
REPORTED AUGUST 15, 2018, 8:44 PM EDT
PRIME SUBSCRIBERS
THE E-COMMERCE COMPANY ALREADY SPENDS BILLIONS EACH YEAR ON MOVIES AND TV SHOWS, SAYING IT HELPS ENTICE SHOPPERS TO JOIN ITS PRIME SUBSCRIPTION PLAN AND MAKES EXISTING MEMBERS MORE LIKELY TO RENEW.
AMAZON STUDIOS WON THREE ACADEMY AWARDS IN 2017, INCLUDING STATUETTES FOR BEST ACTOR AND BEST ORIGINAL SCREENPLAY FOR MANCHESTER BY THE SEA.
3.
NETFLIX REPORTEDLY EYED MAKING AN OFFER
MARCH 27, 2018 4:26PM PT
MOVIEPASS SIGNS DEAL WITH MARK CUBAN’S LANDMARK THEATRES
BY DAVE MCNARY
DAVE MCNARY
FILM REPORTER@VARIETY_DMCNARY
Dave's Most Recent Stories
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[color=blue]IN A DEAL WITH A MAJOR EXHIBITION CHAIN, MOVIEPASS HAS PACTED WITH MARK CUBAN’S LANDMARK THEATRES,[/color] which operates 53 theaters and specializes in independent film.
UNDER THE AGREEMENT, ANNOUNCED ON TUESDAY, MOVIEPASS WILL BE INTEGRATED INTO LANDMARK THEATRES’ TICKETING SYSTEM. The controversial company announced last week that it was offering a package deal of $6.95 a month for subscribers to watch a movie a day for a month.
MoviePass also said members who use the service at Landmark Theatres will be able to take advantage of added benefits, including e-ticketing, advanced screening reservations, and in-app seat selection. LANDMARK THEATRES OPERATES 255 SCREENS IN 27 MARKETS, INCLUDING FLORIDA, ILLINOIS, LOS ANGELES, MARYLAND, MICHIGAN, MINNESOTA, NEW YORK, TEXAS, AND WISCONSIN.
“WE ARE EXCITED TO OFFER MOVIEPASS CUSTOMERS ACCESS TO OUR LANDMARK THEATRES,” CUBAN SAID. “THERE IS NO BETTER PLACE TO WATCH A MOVIE THAN LANDMARK AND NOW MOVIEPASS CUSTOMERS WILL BE ABLE TO ENJOY ALL OF OUR THEATERS.”
The company has attracted more than 2 million subscribers since slashing its prices last summer from roughly $50 a month. Theater chains such as AMC have ripped MoviePass’ business model as unsustainable. The service pays full price for each ticket its customers buy, subsidizing their multiplex visits.
Though MoviePass hasn’t released financial information, industry observers suspect it is operating at a significant loss. The service asserts that it is collecting valuable data on its customers that it can sell to theater chains or studios — enabling it to eventually turn a profit.
“Our relationship with Landmark represents another milestone achievement in our journey to enhancing the current movie theater ecosystem,” said Bernadette McCabe, senior VP of exhibitor relations and business strategy at MoviePass. “It’s another step towards educating exhibitors on how we can work together in a mutually beneficial way to create a valuable and cost-effective experience for moviegoers.”
Studio Movie Grill, which has 30 locations, just announced that will continue its relationship with MoviePass for a third year. MoviePass also has deals with the Arena Cinelounge and Main Street chains.
Source:
https://variety.com/2018/film/box-office/moviepass-landmark-theatres-1202737943/
TECH INDUSTRY
AMAZON SAID TO CONSIDER PURCHASE OF MOVIE THEATER CHAIN
THE E-TAILER IS VYING TO BUY LANDMARK THEATRES, A CHAIN OWNED BY MARK CUBAN, BLOOMBERG REPORTS.
BY STEVEN MUSIL
AUGUST 15, 2018 9:44 PM PDT
•
IS AMAZON CEO JEFF BEZOS LOOKING FOR MORE RED CARPET APPEARANCES AT THE OSCARS BY PURCHASING A MOVIE THEATER CHAIN?
Mark Ralston/AFP/Getty Images
AMAZON IS REPORTEDLY LOOKING TO MAKE THE JUMP FROM THE SMALL SCREEN TO THE BIG SCREEN BY PURCHASING ITS OWN CHAIN OF MOVIE THEATERS.
THE INTERNET RETAIL GIANT IS COMPETING AGAINST OTHER SUITORS TO ACQUIRE LANDMARK THEATRES from a group backed by billionaire Mark Cuban, Bloomberg reported Wednesday, citing unidentified people familiar with the deal. An agreement hasn't been finalized and may not materialize, the sources reportedly said.
PURCHASING A MOVIE THEATER CHAIN WOULD REPRESENT A NEW COMPONENT IN THE STREAMING GIANT'S AMBITIONS TO BECOME AN ENTERTAINMENT GIANT. THE E-COMMERCE TITAN WAS EXPECTED TO SPEND $4.5 BILLION ON VIDEO-STREAMING CONTENT LAST YEAR -- NOT FAR BEHIND RIVAL NETFLIX'S $6 BILLION VIDEO BUDGET.
But while Netflix's business is streaming video, Amazon's is about selling a wide variety of topics, including shampoo, cloud services and its own smart speakers. By expanding its universe, Amazon hopes to draw consumers further into its ecosystem of devices, apps and other services, making it tougher to switch to a competitor.
Despite the big budgets, streaming services are getting little respect from Hollywood elite. AMAZON STUDIOS WON THREE ACADEMY AWARDS IN 2017, INCLUDING STATUETTES FOR BEST ACTOR AND BEST ORIGINAL SCREENPLAY FOR MANCHESTER BY THE SEA. But earlier this year, Steven Spielberg said movies that have mere "token" theatrical runs -- as those from Amazon rival Netflix do -- shouldn't be in the running for Oscars.
A CHAIN OF THEATERS DEDICATED TO SHOWING AMAZON'S ORIGINAL CONTENT COULD GO A LONG WAY TOWARD IMPROVING THE COMPANY'S REPUTATION WITH THE FILM INDUSTRY.
NETFLIX REPORTEDLY EYED MAKING AN OFFER FOR THE LOS ANGELES-BASED CHAIN, but backed off the idea because executives feared the purchased price would be too high.
Amazon didn't immediately respond to a request for comment.
Source:
https://www.cnet.com/news/amazon-said-to-consider-purchase-of-movie-theater-chain/
AMAZON IN RUNNING TO ACQUIRE LANDMARK MOVIE CHAIN
BY
ANOUSHA SAKOUI
,
NABILA AHMED
, AND
SPENCER SOPER
August 15, 2018, 8:44 PM EDT
•
MOVE WOULD MARK LATEST INCURSION INTO BRICK-AND-MORTAR WORLD
•
THE INDIE-FOCUSED CHAIN operates more than 50 theaters
LISTEN TO ARTICLE
2:38
SHARE THIS ARTICLE
AMZN
AMAZON.COM INC
1,882.62
USD
9581Z
STEPHENS INC
PRIVATE COMPANY
USD
AMAZON.COM INC. IS IN THE RUNNING TO ACQUIRE LANDMARK THEATRES, A MOVE THAT WOULD VAULT THE E-COMMERCE GIANT INTO THE BRICK-AND-MORTAR CINEMA INDUSTRY, according to people familiar with the situation.
THE COMPANY IS VYING WITH OTHER SUITORS TO ACQUIRE THE BUSINESS FROM WAGNER/CUBAN COS., WHICH IS BACKED BY BILLIONAIRE MARK CUBAN AND TODD WAGNER, ACCORDING TO THE PEOPLE, WHO ASKED NOT TO BE IDENTIFIED because THE DISCUSSIONS ARE PRIVATE. The chain’s owners have been working with investment banker Stephens Inc. on a possible sale, the people said. No final decisions have been made, and talks could still fall apart.
PUSHING INTO MOVIE THEATERS WOULD FOLLOW AMAZON’S EXPANSION INTO MYRIAD OTHER FORMS OF MEDIA, INCLUDING A FILM AND TV STUDIO AND MUSIC SERVICE. WITH LANDMARK, it gets a chain focused on independent and foreign films that was founded in 1974. The company has more than 50 theaters, including high-profile locations in New York, Philadelphia, Chicago, Los Angeles and San Francisco, with about 250 screens in 27 markets.
Amazon, based in Seattle, declined to comment. Officials at Landmark couldn’t be reached after normal business hours.
Though the acquisition price for Landmark would likely be small, it would mark a significant new incursion by AMAZON INTO THE PHYSICAL WORLD. THE ONLINE RETAILER SHOCKED THE SUPERMARKET INDUSTRY LAST YEAR BY ACQUIRING WHOLE FOODS FOR $13.7 BILLION, POSITIONING THE ORGANIC-FOOD CHAIN IN THE MIDDLE OF ITS CAMPAIGN TO SELL MORE GROCERIES.
PRIME SUBSCRIBERS
THE E-COMMERCE COMPANY ALREADY SPENDS BILLIONS EACH YEAR ON MOVIES AND TV SHOWS, SAYING IT HELPS ENTICE SHOPPERS TO JOIN ITS PRIME SUBSCRIPTION PLAN AND MAKES EXISTING MEMBERS MORE LIKELY TO RENEW.
AMAZON, FOUNDED AS A BOOK SELLER, PREVIOUSLY DISRUPTED THAT INDUSTRY BY GIVING AUTHORS AN ALTERNATIVE TO THE BIG PUBLISHERS, ELIMINATING A MIDDLEMAN BETWEEN READERS AND ARTISTS. It opened its first brick-and-mortar bookstore in 2015 in Seattle and now has nearly 20 around the country.
The U.S. government has previously barred film studios from the theater industry. But the U.S. government said earlier this month that it was considering terminating a 70-year-old Hollywood settlement that halted the vertical integration of studios and theaters. The so-called Paramount decree may have prevented smaller films from getting wider distribution.
CUBAN AND WAGNER ALSO OWN MAGNOLIA PICTURES, THE PRODUCTION COMPANY 2929 PRODUCTIONS, AND THE NETWORKS AXS TV AND HDNET MOVIES. CUBAN, A 60-YEAR-OLD WHO ALSO APPEARS ON THE REALITY SHOW “SHARK TANK,” TOLD THE HOLLYWOOD REPORTER IN APRIL THAT HE HIRED A BANK TO EVALUATE OFFERS, but said at the time he was in “no rush to sell.”
Source:
https://www.bloomberg.com/technology
HMNY: HOW TO PREVENT YOUR SHARES HOLDINGS FROM BEING SHORTED
IN MY OPINION WELL WORTH DOING IF NOT ONLY FOR THE KNOWLEDGE THAT YOUR OWN SHARES CANNOT AND WILL NOT BE USED IN A SHORT ATTACK AGAINST THE VERY SHARE THAT YOU OWN.
There are two things you can do, the first is to certificate them but this is not obviously to everyone’s advantage but THE ALTERNATIVE SOLUTION IS SIMPLE. All you do is to phone your broker and PUT AN ORDER IN SAYING THAT YOU WISH TO PLACE YOUR SHARES FOR SALE AT, FOR ARGUMENTS SAKE, DOUBLE TODAY’S PRICE. AS THEY ARE 'ON ORDER' THEY CANNOT BE LENT OUT BY YOUR BROKER AND IN TURN YOU ARE REDUCING THE AMOUNT OF 'FREE SHARES' OUT THERE THAT CAN BE USED FOR SHORTING PURPOSES. And don't forget to move your limit order up when the price starts to recover, then, THAT WAY YOUR SHARES CAN'T BE SHORTED
HOW TO PREVENT YOUR SHARES HOLDINGS FROM BEING SHORTED
Q.: Why does short selling reduce share prices?
A: TO SHORT-SELL A SHARE SPECULATORS HAVE TO BORROW THE SHARES IN THE FIRST PLACE. ONCE THEY HAVE DONE THIS THEY NEED TO SELL THEM IN THE MARKET, AND IF THIS IS DONE EN-MASSE IT CAN PUSH THE SHARE PRICE OF A COMPANY DOWN in the short term as there are more sellers than buyers in the market. Hedge funds specializing in short selling may also cause panic in the market by selling lots of shares in a company as other shareholders become worried about the share price plunge. Some companies will blame short sellers for dramatic declines in their stock price. The practice is so controversial that bans on short selling are not unknown and during the last credit crisis in 2008, traders were not allowed to short-sell certain banks and financial institutions.
Most borrowers and lenders of shares are institutions, brokers, etc. Mere mortals can borrow indirectly by using Spread Bets or Contracts for Difference. If you go short, you are effectively borrowing shares to sell for money; if you go long, you are effectively borrowing money to buy shares. Depending on the balance between shorts and longs, the company offering these products may choose to cover the risk by borrowing real shares to sell or by investing money to buy real shares.
Q.: WHAT CAN YOU DO TO PREVENT YOUR SHARES HOLDINGS FROM BEING SHORTED?
A: NOW WHAT CAN THE AVERAGE PERSONAL INVESTOR DO TO STOP THEIR OWN SHARES BEING SHORTED, AND BELIEVE ME YOUR OWN BROKER, IF APPROACHED, WILL SELL YOUR OWN SHARES THAT THEY HOLD ON YOUR BEHALF as a nominee account.
There are two things you can do, the first is to certificate them but this is not obviously to everyone’s advantage but THE ALTERNATIVE SOLUTION IS SIMPLE. All you do is to phone your broker and PUT AN ORDER IN SAYING THAT YOU WISH TO PLACE YOUR SHARES FOR SALE AT, FOR ARGUMENTS SAKE, DOUBLE TODAY’S PRICE. AS THEY ARE 'ON ORDER' THEY CANNOT BE LENT OUT BY YOUR BROKER AND IN TURN YOU ARE REDUCING THE AMOUNT OF 'FREE SHARES' OUT THERE THAT CAN BE USED FOR SHORTING PURPOSES. And don't forget to move your limit order up when the price starts to recover, then, THAT WAY YOUR SHARES CAN'T BE SHORTED - not much but helps.
ALTHOUGH AN INDIVIDUAL PERSONAL INVESTOR WILL NOT NORMALLY HAVE ENOUGH SHARES TO HALT A CONCERTED SHORTING ATTACK, IF A LARGE NUMBER OF HOLDERS DID THIS IT WOULD REDUCE THE OVERALL AMOUNT OF SHARES THAT THEY COULD GET THEIR HANDS ON.
IN MY OPINION WELL WORTH DOING IF NOT ONLY FOR THE KNOWLEDGE THAT YOUR OWN SHARES CANNOT AND WILL NOT BE USED IN A SHORT ATTACK AGAINST THE VERY SHARE THAT YOU OWN.
Source:
www.contracts-for-difference.com/Borrowing-lending-shares.html
HMNY: PREVENT YOUR SHARES HOLDINGS FROM BEING SHORTED?
IN MY OPINION WELL WORTH DOING IF NOT ONLY FOR THE KNOWLEDGE THAT YOUR OWN SHARES CANNOT AND WILL NOT BE USED IN A SHORT ATTACK AGAINST THE VERY SHARE THAT YOU OWN.
There are two things you can do, the first is to certificate them but this is not obviously to everyone’s advantage but THE ALTERNATIVE SOLUTION IS SIMPLE. All you do is to phone your broker and PUT AN ORDER IN SAYING THAT YOU WISH TO PLACE YOUR SHARES FOR SALE AT, FOR ARGUMENTS SAKE, DOUBLE TODAY’S PRICE. AS THEY ARE 'ON ORDER' THEY CANNOT BE LENT OUT BY YOUR BROKER AND IN TURN YOU ARE REDUCING THE AMOUNT OF 'FREE SHARES' OUT THERE THAT CAN BE USED FOR SHORTING PURPOSES. And don't forget to move your limit order up when the price starts to recover, then, THAT WAY YOUR SHARES CAN'T BE SHORTED
HOW TO PREVENT YOUR SHARES HOLDINGS FROM BEING SHORTED
Q.: Why does short selling reduce share prices?
A: TO SHORT-SELL A SHARE SPECULATORS HAVE TO BORROW THE SHARES IN THE FIRST PLACE. ONCE THEY HAVE DONE THIS THEY NEED TO SELL THEM IN THE MARKET, AND IF THIS IS DONE EN-MASSE IT CAN PUSH THE SHARE PRICE OF A COMPANY DOWN in the short term as there are more sellers than buyers in the market. Hedge funds specializing in short selling may also cause panic in the market by selling lots of shares in a company as other shareholders become worried about the share price plunge. Some companies will blame short sellers for dramatic declines in their stock price. The practice is so controversial that bans on short selling are not unknown and during the last credit crisis in 2008, traders were not allowed to short-sell certain banks and financial institutions.
Most borrowers and lenders of shares are institutions, brokers, etc. Mere mortals can borrow indirectly by using Spread Bets or Contracts for Difference. If you go short, you are effectively borrowing shares to sell for money; if you go long, you are effectively borrowing money to buy shares. Depending on the balance between shorts and longs, the company offering these products may choose to cover the risk by borrowing real shares to sell or by investing money to buy real shares.
Q.: WHAT CAN YOU DO TO PREVENT YOUR SHARES HOLDINGS FROM BEING SHORTED?
A: NOW WHAT CAN THE AVERAGE PERSONAL INVESTOR DO TO STOP THEIR OWN SHARES BEING SHORTED, AND BELIEVE ME YOUR OWN BROKER, IF APPROACHED, WILL SELL YOUR OWN SHARES THAT THEY HOLD ON YOUR BEHALF as a nominee account.
There are two things you can do, the first is to certificate them but this is not obviously to everyone’s advantage but THE ALTERNATIVE SOLUTION IS SIMPLE. All you do is to phone your broker and PUT AN ORDER IN SAYING THAT YOU WISH TO PLACE YOUR SHARES FOR SALE AT, FOR ARGUMENTS SAKE, DOUBLE TODAY’S PRICE. AS THEY ARE 'ON ORDER' THEY CANNOT BE LENT OUT BY YOUR BROKER AND IN TURN YOU ARE REDUCING THE AMOUNT OF 'FREE SHARES' OUT THERE THAT CAN BE USED FOR SHORTING PURPOSES. And don't forget to move your limit order up when the price starts to recover, then, THAT WAY YOUR SHARES CAN'T BE SHORTED - not much but helps.
ALTHOUGH AN INDIVIDUAL PERSONAL INVESTOR WILL NOT NORMALLY HAVE ENOUGH SHARES TO HALT A CONCERTED SHORTING ATTACK, IF A LARGE NUMBER OF HOLDERS DID THIS IT WOULD REDUCE THE OVERALL AMOUNT OF SHARES THAT THEY COULD GET THEIR HANDS ON.
IN MY OPINION WELL WORTH DOING IF NOT ONLY FOR THE KNOWLEDGE THAT YOUR OWN SHARES CANNOT AND WILL NOT BE USED IN A SHORT ATTACK AGAINST THE VERY SHARE THAT YOU OWN.
Source:
www.contracts-for-difference.com/Borrowing-lending-shares.html
A SPECIAL THANKS TO 'Pink 2 long'
Pink 2 long Tuesday, 08/14/18 02:46:51 PM
Re: None
Post #
21851
of 21929
lock down you shares! Put in sell orders for $10 so shorts cannot use them!
HMNY: $17,000,000.00 MILLION (3) THREE DAY TRACKING, MILE_22 IS GETTING SEQUEL
MILE 22 BEGINS IN THE UNITED STATES. FRIDAY, THIS WEEK.
9:31 AM PDT 7/26/2018 BY PAMELA MCCLINTOCK
On Aug. 17, two other films enter the fray: STXfilms and Pete Berg's male-fueled Mile 22, starring Mark Wahlberg, and Sony's prehistoric adventure-drama Alpha, directed by Albert Hughes and starring Kodi Smit-McPhee.
MILE 22 IS TRACKING TO GROSS $17 MILLION FOR THE THREE DAYS, meaning that pic and Crazy Rich Asianscould find themselves in a close race for the weekend crown. Tracking, of course, isn't a science, and both movies will be making their biggest marketing push in the next three weeks
Source:
https://www.hollywoodreporter.com/news/crazy-rich-asians-tracking-20m-us-debut-at-box-office-1129979
NEWS
MARK WAHLBERG'S MILE 22 IS ALREADY GETTING A SEQUEL
BY ADAM HOLMES
7 COMMENTS
1 MONTH AGO
Usually studios wait to see how a movie will perform before deciding whether or not to order a sequel. However, in recent years this has become less commonplace with blockbusters adapted from existing properties, but even outside that sphere, there's the occasional surprise. Case in point, Mark Wahlberg's next movie, Mile 22, doesn't come out for another two months, but STX Entertainment has already decided to give a sequel the green light. There's no word yet on if it will be called Mile 22 2 or Mile 23 yet.
Black List writer Umair Aleem has been hired to write the Mile 22 sequel script. Graham Roland and Lea Carpenter penned the first movie. In addition to being featured on the 2017 Black List for his action movie Kate, Aleem was also tapped to write Danger Girl, based on the 1990s comic book series of the same name. No plot details were revealed about the Mile 22 sequel in THR's report, so those of you wondering what this project will be about, you will have to wait and see Mile 22before you get an inkling about where the next installment could go.
Mile 22 follows Mark Wahlberg's James Silva, an elite American intelligence officer who leads the tactical team of operatives known as Overwatch, being tasked with secretly moving a police officer who has sensitive information out of a foreign country. The movie's cast also includes Lauren Cohan, Iko Uwais and Ronda Rousey. Mile 22 marks Wahlberg's fourth collaboration with director Peter Berg(they previously worked together on Lone Survivor, Deepwater Horizon and Patriots Day), though it remains to be seen if Berg will be back to helm the sequel.
Rather than shoot on a Hollywood lot like most blockbusters, Berg and the cast and crew conducted principal photography in Bogota, Colombia.
Initially, it may sound weird at first to move ahead with a sequel to Mile 22, a movie that isn't based off an existing property and hasn't even been reviewed yet, apparently it's always been the plan for this movie to be the first installment in a franchise. Following Mile 22's release, STXsurreal will put out The Kiev Exchange, a short-form, live action VR series that follows Ground Branch, the CIA's elusive paramilitary force, being sent to negotiate a hostage exchange in a public square, only to have to fight their way out of an ambush. While The Kiev Exchange is clearly being set up as a spinoff set in this fictional universe, presumably Mile 22's sequel will have closer ties to the movie that's kicking all of this off.
Mile 22 will be released in theaters on August 17, so stay tuned to CinemaBlend for continuing coverage. In the meantime, feel free to browse through our 2018 release schedule to learn what other movies are coming out later this year.
Source:
https://www.cinemablend.com/news/2440880/mark-wahlbergs-mile-22-is-already-getting-a-sequel
SEE BELOW
IF YOU MISSED IT
Posted by: Trevor11
In reply to: None Date:8/8/2018 8:58:03 PM
Post #18916 of 21529
HMNY: ACQUISITION, EFO FILMS, MILE 22, ON AUG._3 2018(TRAILER
MILE 22 SOUNDTRACK (45 SONGS)
https://open.spotify.com/user/tunemunk/playlist/14VALWVxkek2uKrrefhLl2
#MILE22 #STX
MILE 22 | FINAL TRAILER | IN THEATERS AUGUST 17, 2018
97,113 VIEWS
54455SHARE
VIDEO LINK FOR FINAL TRAILER BELOW
https://www.youtube.com/watch?v=dLw2sfQrhcQ
HMNY: ACQUISITION, EFO FILMS, MILE 22, ON AUG._3 2018
See MILE 22 TRAILER BELOW
https://www.youtube.com/watch?v=ton2-vP99VQ
MILE 22 (2018)
RELEASE INFO
Singapore 2 August 2018
Estonia 3 August 2018
USA 3 August 2018
Portugal 9 August 2018
Greece 16 August 2018
Russia 16 August 2018
Spain 17 August 2018
Australia 23 August 2018
Hungary 23 August 2018
UK 27 August 2018
France 29 August 2018
Denmark 30 August 2018
South Africa 7 September 2018
Belgium 26 September 2018
Netherlands 1 November 2018
Source:
https://www.imdb.com/title/tt4560436/releaseinfo
MoviePass launches film production company
Annlee Ellingson, Staff Writer - L.A. Biz
May 31, 2018, 1:47pm MDT
MOVIEPASS PARENT HELIOS AND MATHESON ANALYTICS INC. HAS MADE ANOTHER MOVE to diversify its strategy with the launch of a production company called MoviePass Films.
THE MOVE WAS ENABLED BY HELIOS’ ACQUISITION OF THE ENTIRE FILM LIBRARY AND CURRENT PRODUCTION SLATE OF EMMETT FURLA OASIS FILMS (EFO FILMS)…
…HELIOS (NASDAQ: HMNY) owns 51 percent of MoviePass Films, with EFO holding the remainder. The venture will focus on studio-driven content and new film production for theatrical release and other distribution channels.
EFO founders Randall Emmett and George Furla will serve as co-CEOs, with Helios chief Ted Farnsworth serving as chairman. MoviePass CEO Mitch Lowewill also hold a seat on the board, with Farnsworth and Lowe working together to leverage MoviePass to market MoviePass Films to its subscribers.
Source:
https://www.bizjournals.com/denver/bizwomen/news/latest-news/2018/05/moviepass-launches-film-production-company.html?page=all
…RANDALL EMMETT AND GEORGE FURLA OF EMMETT/FURLA/OASIS FILMS. EMMETT-FURLA ARE HERE AT CINEMACON WITH THEIR MARK WAHLBERG HEADLINER/PETER BERG-DIRECTED FEATURE MILE 22 WHICH STXFILMS IS RELEASING ON AUG. 3…
Source:
https://deadline.com/2018/04/moviepass-john-travolta-gotti-movie-stake-1202376229/
Date:8/12/2018 8:29:54 AM
Post #20959
HMNY: FARNSWORTH ... WITH HMNY...A DECISION_KRISHNAN_MAY_BE_REGRETTING
AUGUST 12, 2018. GIRI DEVANUR TAKES A SUBSTANTIAL POSITION IN HMNY, SOMETHING IS UP
WHAT YOU MAY NOT KNOW IS PAT KRISHNAN WAS THE CEO OF HMNY PRIOR TO THE ARRIVAL OF TED FARNSWORTH
THERE IS A VERY INTERESTING LINK BETWEEN DEVANUR AND THE CURRENT CIO OF HMNY, PAT KRISHNAN
FARNSWORTH ... WITH HMNY IS LIKELY A DECISION KRISHNAN MAY BE REGRETTING NOW
I HAVE REACHED OUT TO DEVANUR TO FIND OUT WHAT HIS INTEREST IS HERE IN HMNY,
WHEN A PRIOR CEO OF A PUBLICLY TRADED COMPANY, WHO IS NOW A RESPECTED LEADER OF A NEWLY FUNDED STARTUP, TAKES A BIG POSITION IN A 3RD PARTY COMPANY, SOMETHING IS UP. WHAT EXACTLY IT IS, AND WHY HE DID IT, WE DON’T YET KNOW.
AUGUST 12, 2018 BY BOBVISSE
A VERY INTERESTING NEW INVESTOR HAS TAKEN A STAKE IN HMNY
An alert reader of this blog sent me an interesting SEC filing tip this week. GIRI DEVANUR A VERY RESPECTED BUSINESS LEADER HAS TAKEN A SUBSTANTIAL POSITION IN HMNY – THE SEC FILING SHOWS DEVANUR PERSONALLY NOW HOLDS OVER 5% OF THE COMPANY.
Devanur is the former CEO of NASDAQ listed Ameri100 – and he is now the CEO of a well-funded blockchain startup company calledRuns.com. DEVANUR HAS AN IMPRESSIVE RESUME AND HAS BUILT PRIOR COMPANIES FROM THE GROUND UP TO OVER 1000 EMPLOYEES.
Very interestingly– Devanur’s Ameri100 company was in a similar line of business as HMNY, prior to the Ted Farnsworth takeover of HMNY and their subsequent risky investment into Moviepass.
Ameri100 does high-end consultancy IT work, they are mostly focused on SAP installations- but the also do other work – including big data analytics like HMNY was doing on a consulting basis prior to Farnsworth merging Zone Technologies into HMNY, and then going after Moviepass.
THIS IS IMPORTANT BECAUSE THERE IS A VERY INTERESTING LINK BETWEEN DEVANUR AND THE CURRENT CIO OF HMNY, PAT KRISHNAN
WHAT YOU MAY NOT KNOW IS PAT KRISHNAN WAS THE CEO OF HMNY PRIOR TO THE ARRIVAL OF TED FARNSWORTH. Krishnan actually takes credit on his linked in profile for acquiring Farnsworth’s RedZoneMaps company. Stating on his profile that as CEO of HMNY he: “Provided strategic direction for the company by acquiring a crime mapping and navigation company called RedzoneMaps. Provided technology and marketing direction for RedzoneMaps.Ran the analytics and AI team for RedoneMaps to provide Predictive capabilities for CrimeMapping.”
THE REDZONEMAPS AND FARNSWORTH MASHUP WITH HMNY IS LIKELY A DECISION KRISHNAN MAY BE REGRETTING NOW that HMNY’s value has been obliterated by Farnsworth’s big gamble on Moviepass. Hard to say for sure, as we don’t know yet how this story of HMNY and Moviepass will end. But IT CAN’T LOOK GOOD TO KRISHNAN’S STOCK HOLDINGS OF HMNY AT THE MOMENT.
KRISHNAN AND DEVANUR HAPPEN TO BE “CONNECTED” ON LINKEDIN AND HAVE VERY SIMILAR OVERLAPPING EXPERIENCES AND RESUMES. Both now reside in New York/ New Jersey area. It’s pretty obvious that these two individuals are very likely to know each other. These circles are actually pretty small, particularly at the CEO levels. There is almost zero chance that these guys don’t know each other.
I am not suggesting any insider trading here. I am simply suggesting that it is quite possible that Krishan and Devanur know each other, and THERE IS AT LEAST A STRONG POSSIBILITY THAT DEVANUR’S DUE DILIGENCE WHEN TAKING A LARGE POSITION IN HMNY INCLUDED REACHING OUT TO HIS OLD COLLEAGUE KRISHNAN to see how things were going with HMNY.
And I would say it is at least possible that Krishnan explained to Devanur that the stock of HMNY has been beaten down, but that Krishnan still believes in the company, and feels that the stock represents a good value. All of this is speculation on my part here of course.
ALL WE REALLY KNOW FOR A FACT IS THAT A RESPECTED BUSINESS LEADER (DEVANUR), WHO HAS A TERRIFIC RESUME AND BACKGROUND AND IS CONNECTED TO THE CIO AND THE XCEO OF HMNY HAS DECIDED TO MAKE A BIG BUY IN HMNY WITH HIS PERSONAL FORTUNE. That in it of itself is an interesting move.
DEVANUR IS AN IMPORTANT AND VERY BUSY GUY, I seriously doubt he is trolling stock boards looking for investment opportunities like a normal retail investor. TO GO THROUGH THE HASSLE OF FILING WITH THE SEC, AND BUYING A BIG STAKE IN THE COMPANY, THERE HAS TO BE MORE THAN A SIMPLE RETAIL BUY OF THE STOCK GOING ON HERE.
WHEN A PRIOR CEO OF A PUBLICLY TRADED COMPANY, WHO IS NOW A RESPECTED LEADER OF A NEWLY FUNDED STARTUP, TAKES A BIG POSITION IN A 3RD PARTY COMPANY, SOMETHING IS UP. WHAT EXACTLY IT IS, AND WHY HE DID IT, WE DON’T YET KNOW.
I HAVE REACHED OUT TO DEVANUR TO FIND OUT WHAT HIS INTEREST IS HERE IN HMNY,AND WHY HE TOOK THE LARGE POSITION HE DID IN THE COMPANY.. I will let you know what I hear- if I get any comment back at all.
Source:
bobvisse.com/a-very-interesting-new-investor-has-taken-a-stake-in-hmny/
Wednesday, 08/08/18 12:43:04 PM
Re: None
Post # 18231
HMNY: MOVIEPASS CEO MITCH LOWE ON CNN, (DIRECT_LINK)_LIVE
https://money.cnn.com/investing/markets-now/?iid=EL
Date:8/8/2018 10:33:58 PM
Post #18961
HMNY: MITCH LOWE TODAY, WE ARE PAID MILLIONS_BY_THE_STUDIOS
60% ALREADY, THE BURN IS COMING DOWN
15% OF SUBSCRIBERS CONVERTED YESTERDAY TO NEW PLAN
WE ARE ALREADY GETTING PAID MILLIONS OF DOLLARS BY THE STUDIOS TO PROMOTE THEIR FILMS
OVER 2000 SCREENS PARTNERING WITH US WHERE WE GET DISCOUNTS ON TICKETS
STILL OVER 3,000,000 SUBSCRIBERS
MISTAKE IN THE PAST YEAR IS Trying TO SERVE ALL MOVIEGOERS
15%, OR SUPER CONSUMERS 40% OF BURN
FANDANGO EARNS $1.00 FOR EVERY TICKET IT SELLS
WE HAVE ADVERTISING AGREEMENTS WITH STUDIOS
STUDIOS ARE PAYING US TO PROMOTE THEIR TITLES
WE CAN GENERATE $4.00 TO $6.00 BY PROMOTING PRODUCTS TO OUR SUBSCRIBERS PER MONTH
MOVIEPASS IS IMPERFECT BUT DELIVERING AN 'AMAZING VALUE,' CEO SAYS
TV SHOWS
WHAT'D YOU MISS?
AUGUST 8TH, 2018, 5:19 PM EDT
MITCH LOWE, MOVIEPASS INC. CHIEF EXECUTIVE OFFICER, DEFENDS THE COMPANY'S BUSINESS MODEL ON "WHAT'D YOU MISS?" (SOURCE: BLOOMBERG)
VIDEO LINK BELOW:
https://www.bloomberg.com/news/videos/2018-08-08/moviepass-is-imperfect-but-delivering-an-amazing-value-ceo-says-video
KnightTrader66 hope this helps, MoviePass Parent Acquires Moviefone
MoviePass Parent Acquires Moviefone in Deal With Verizon’s Oath
By TODD SPANGLER Todd Spangler
Todd Spangler
NY Digital Editor
@xpangler
Todd's Most Recent Stories
Hundreds of Stolen Passwords for Netflix, HBO, Hulu and More Discovered for Sale on ‘Dark Web’
FuboTV Hires Warner Bros. Digital’s David Yoon, Tidal’s Erik Gerson
Netflix CFO David Wells Is Leaving the Company
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AOL Moviefone logo
CREDIT: COURTESY OF AOL
UPDATED: MoviePass is saying “Hello — and welcome to Moviefone!”
Helios and Matheson Analytics, the majority owner of MoviePass, announced the acquisition of Moviefone from Verizon’s Oath subsidiary. Under the terms of the deal, Helios and Matheson is paying Verizon $1 million in cash and is granting 2.55 million common shares (worth less than $8 million at HMNY’s current stock price). In addition, Verizon received stock warrants from Helios and Matheson for another 2.55 million shares $14 million worth of shares at an exercise price of $5.50 per share, according to a regulatory filing. Verizon’s ownership of HMNY shares is subject to a lockup until April 4, 2019.
However you look at the economics of the deal, it represents a substantial decline in value for Moviefone, the pioneering interactive info service founded in 1989 — which AOL acquired for $388 million in 1999.
Verizon’s ownership of 5.1 million shares of Helios and Matheson represent 9.3% of HMNY’s common shares.
Moviefone currently has 6 million monthly unique visitors. The site provides movie trailers, info on films and theaters, and ticketing (through NBCUniversal’s Fandango). Helios and Matheson said the Moviefone acquisition is the next major step in building out its content-marketing strategy and advertising revenue platform for MoviePass, which sells a monthly subscription plan that lets customers attend one movie screening per day at participating theaters. With its sizable audience, Moviefone also stands to serve as a lead generator for MoviePass subscriptions.
RELATED
Why There's Reason to Worry About MoviePass
MoviePass May Fail, but Subscription Services Are Here to Stay
“This natural alignment between MoviePass and Moviefone will help us grow our subscriber base significantly and expand our marketing and advertising platform for our studio and brand partners,” MoviePass CEO Mitch Lowe said in a statement. “Moviefone has been a go-to resource for entertainment enthusiasts for years, and we’re excited to bolster its presence and bring this iconic platform into the entertainment ecosystem of the future.”
Under the pact, Oath will continue to sell Moviefone’s digital ad inventory. Oath also will represent MoviePass on a non-exclusive basis in managing ad sales on moviepass.com. With the deal, Helios and Matheson has assumed certain liabilities related to the Moviefone assets.
MoviePass sold a majority ownership stake to Helios and Matheson Analytics for $27 million last summer. With Moviefone, “HMNY’s vision is to have MoviePass support the entire movie theater industry ecosystem — from distribution to exhibition and now, content,” said Helios and Matheson Analytics chairman and CEO Ted Farnsworth.
Meanwhile, Verizon bought AOL two years ago in a $4.4 billion deal, and merged AOL with Yahoo to form Oath. In 2014, AOL took Moviefone’s famous dial-up phone lines out of commission, after the original voice of Mr. Moviefone, co-founder Russ Leatherman, left in 2013.
Correction: An earlier version of this article incorrectly reported that Helios and Matheson Analytics bought Moviefone for $15 million. In fact, Helios and Matheson is paying Verizon $1 million in cash and granted Verizon warrants for HMNY shares worth $14 million; in addition, Helios and Matheson issued common shares to Verizon currently worth less than $8 million.
Source:
https://variety.com/2018/digital/news/moviepass-acquires-moviefone-15-million-deal-1202744759/
HMNY: FARNSWORTH ... WITH HMNY...A DECISION_KRISHNAN_MAY_BE_REGRETTING
AUGUST 12, 2018. GIRI DEVANUR TAKES A SUBSTANTIAL POSITION IN HMNY, SOMETHING IS UP
WHAT YOU MAY NOT KNOW IS PAT KRISHNAN WAS THE CEO OF HMNY PRIOR TO THE ARRIVAL OF TED FARNSWORTH
THERE IS A VERY INTERESTING LINK BETWEEN DEVANUR AND THE CURRENT CIO OF HMNY, PAT KRISHNAN
FARNSWORTH ... WITH HMNY IS LIKELY A DECISION KRISHNAN MAY BE REGRETTING NOW
I HAVE REACHED OUT TO DEVANUR TO FIND OUT WHAT HIS INTEREST IS HERE IN HMNY,
WHEN A PRIOR CEO OF A PUBLICLY TRADED COMPANY, WHO IS NOW A RESPECTED LEADER OF A NEWLY FUNDED STARTUP, TAKES A BIG POSITION IN A 3RD PARTY COMPANY, SOMETHING IS UP. WHAT EXACTLY IT IS, AND WHY HE DID IT, WE DON’T YET KNOW.
AUGUST 12, 2018 BY BOBVISSE
A VERY INTERESTING NEW INVESTOR HAS TAKEN A STAKE IN HMNY
An alert reader of this blog sent me an interesting SEC filing tip this week. GIRI DEVANUR A VERY RESPECTED BUSINESS LEADER HAS TAKEN A SUBSTANTIAL POSITION IN HMNY – THE SEC FILING SHOWS DEVANUR PERSONALLY NOW HOLDS OVER 5% OF THE COMPANY.
Devanur is the former CEO of NASDAQ listed Ameri100 – and he is now the CEO of a well-funded blockchain startup company calledRuns.com. DEVANUR HAS AN IMPRESSIVE RESUME AND HAS BUILT PRIOR COMPANIES FROM THE GROUND UP TO OVER 1000 EMPLOYEES.
Very interestingly– Devanur’s Ameri100 company was in a similar line of business as HMNY, prior to the Ted Farnsworth takeover of HMNY and their subsequent risky investment into Moviepass.
Ameri100 does high-end consultancy IT work, they are mostly focused on SAP installations- but the also do other work – including big data analytics like HMNY was doing on a consulting basis prior to Farnsworth merging Zone Technologies into HMNY, and then going after Moviepass.
THIS IS IMPORTANT BECAUSE THERE IS A VERY INTERESTING LINK BETWEEN DEVANUR AND THE CURRENT CIO OF HMNY, PAT KRISHNAN
WHAT YOU MAY NOT KNOW IS PAT KRISHNAN WAS THE CEO OF HMNY PRIOR TO THE ARRIVAL OF TED FARNSWORTH. Krishnan actually takes credit on his linked in profile for acquiring Farnsworth’s RedZoneMaps company. Stating on his profile that as CEO of HMNY he: “Provided strategic direction for the company by acquiring a crime mapping and navigation company called RedzoneMaps. Provided technology and marketing direction for RedzoneMaps.Ran the analytics and AI team for RedoneMaps to provide Predictive capabilities for CrimeMapping.”
THE REDZONEMAPS AND FARNSWORTH MASHUP WITH HMNY IS LIKELY A DECISION KRISHNAN MAY BE REGRETTING NOW that HMNY’s value has been obliterated by Farnsworth’s big gamble on Moviepass. Hard to say for sure, as we don’t know yet how this story of HMNY and Moviepass will end. But IT CAN’T LOOK GOOD TO KRISHNAN’S STOCK HOLDINGS OF HMNY AT THE MOMENT.
KRISHNAN AND DEVANUR HAPPEN TO BE “CONNECTED” ON LINKEDIN AND HAVE VERY SIMILAR OVERLAPPING EXPERIENCES AND RESUMES. Both now reside in New York/ New Jersey area. It’s pretty obvious that these two individuals are very likely to know each other. These circles are actually pretty small, particularly at the CEO levels. There is almost zero chance that these guys don’t know each other.
I am not suggesting any insider trading here. I am simply suggesting that it is quite possible that Krishan and Devanur know each other, and THERE IS AT LEAST A STRONG POSSIBILITY THAT DEVANUR’S DUE DILIGENCE WHEN TAKING A LARGE POSITION IN HMNY INCLUDED REACHING OUT TO HIS OLD COLLEAGUE KRISHNAN to see how things were going with HMNY.
And I would say it is at least possible that Krishnan explained to Devanur that the stock of HMNY has been beaten down, but that Krishnan still believes in the company, and feels that the stock represents a good value. All of this is speculation on my part here of course.
ALL WE REALLY KNOW FOR A FACT IS THAT A RESPECTED BUSINESS LEADER (DEVANUR), WHO HAS A TERRIFIC RESUME AND BACKGROUND AND IS CONNECTED TO THE CIO AND THE XCEO OF HMNY HAS DECIDED TO MAKE A BIG BUY IN HMNY WITH HIS PERSONAL FORTUNE. That in it of itself is an interesting move.
DEVANUR IS AN IMPORTANT AND VERY BUSY GUY, I seriously doubt he is trolling stock boards looking for investment opportunities like a normal retail investor. TO GO THROUGH THE HASSLE OF FILING WITH THE SEC, AND BUYING A BIG STAKE IN THE COMPANY, THERE HAS TO BE MORE THAN A SIMPLE RETAIL BUY OF THE STOCK GOING ON HERE.
WHEN A PRIOR CEO OF A PUBLICLY TRADED COMPANY, WHO IS NOW A RESPECTED LEADER OF A NEWLY FUNDED STARTUP, TAKES A BIG POSITION IN A 3RD PARTY COMPANY, SOMETHING IS UP. WHAT EXACTLY IT IS, AND WHY HE DID IT, WE DON’T YET KNOW.
I HAVE REACHED OUT TO DEVANUR TO FIND OUT WHAT HIS INTEREST IS HERE IN HMNY,AND WHY HE TOOK THE LARGE POSITION HE DID IN THE COMPANY.. I will let you know what I hear- if I get any comment back at all.
Source:
bobvisse.com/a-very-interesting-new-investor-has-taken-a-stake-in-hmny/
HMNY: MITCH SAID,...HAD TO RIGHT THE SHIP AS FAR_AS_MONEY_BURNING.
IN ORDER TO STAY FINANCIALLY STABLE WE’VE HAD TO CURTAIL THE SERVICE,
” LOWE SAID. “WE HAD TO RIGHT THE SHIP AS FAR AS THE AMOUNT OF MONEY WE WERE BURNING.”
EXCLUSIVE
MoviePass now forcing users to choose between two movies a day
BY NICOLAS VEGA
AUGUST 10, 2018 | 6:18PM | UPDATED
Modal Trigger
MORE ON:
MOVIEPASS
MoviePass will now allow just 3 movies a month
MOVIEPASS PARENT COMPANY'S STOCK TANKS AS REVERSE-SPLIT BACKFIRES
MOVIEPASS CAN BLAME PEOPLE LIKE ME FOR ITS PROBLEMS
MoviePass to increase basic monthly subscription
So much for movie night.
Cash-strapped MoviePass saw its service crash for the third weekend in a row Friday evening, leaving its 3-million-plus subscribers unable to head to the theater.
The app crash came just hours after the company quietly rolled out its latest ploy to keep users from heading to the theaters: forcing them to choose between a terrible film and a terrible showtime.
Before the service went down, subscribers on Friday could only choose between two options — the critically-panned horror flick “Slender Man” and the latest “Mission: Impossible” sequel at an odd hour.
At the AMC Empire 25 in Times Square, for example, the two showtimes available for the 147-minute “Mission: Impossible — Fallout” were 2:30 p.m. and 10:45 p.m. A moviegoer attending the late showtime would exit the theater at roughly 1:45 in the morning.
Meanwhile “Slender Man,” a horror movie centered around an viral internet hoax, currently has a 16-percent critical rating on Rotten Tomatoes.
IN AN INTERVIEW WITH THE POST ON FRIDAY, CEO MITCH LOWE CONFIRMED the new policy, noting that the two movies on offer might change each day.
“Unfortunately, IN ORDER TO STAY FINANCIALLY STABLE WE’VE HAD TO CURTAIL THE SERVICE,” Lowe said. “We had to right the ship as far as the amount of money we were burning.”
The new move was designed to help the company limp along until mid-September, when all of its monthly users will have been moved to a new plan that limits them to three movies a month, Lowe said.
He denied, however, that MoviePass was deliberately offering inconvenient showtimes, and insisted that over the next few weeks, subscribers will see films throughout the day.
“This has been a challenging time for us and our customers. We’re just trying to save our service to be able to be available long term.”
Lowe said that investors believe in the sustainability of MoviePass’ new pricing plan, but are waiting to see what percentage of the service’s 3-million-plus subscribers renew at the three-movies-per-month rate.
IN MAY AND JUNE, MOVIEPASS LOST AN ESTIMATED $85 MILLION, AND HAD BEEN AVERAGING A LOSS OF $20 MILLION PER MONTH BEFORE THAT.
Shares of MoviePass parent company Helios and Matheson hit an all-time low of 4.8 cents on Friday, and ended the week down 19.9 percent at 5 cents.
Two weeks ago, MoviePass — which costs $9.95 per month and pays full price for every ticket its users purchase — went dark for several days due to the company running out of cash.
It is not clear if MoviePass ran out of funds this time, or if it NOW HAS A LIMIT ON THE NUMBER OF TICKETS IT WILL PURCHASE EACH DAY.
MoviePass did not respond to a request for comment following the crash.
Earlier Friday, the new Winnie the Pooh movie “Disney’s Christopher Robin” was available at certain theaters with similar late-night showtimes as “Mission: Impossible.”
Shortly after The Post asked Lowe about whether the late-night hours were suitable for children, the movie disappeared from MoviePass altogether.
Source:
https://nypost.com/2018/08/10/moviepass-now-forcing-users-to-choose-between-two-movies-a-day/
HMNY: LARGER MEDIA COMPANIES EXPRESSED INTEREST IN ACQUIRING THE COMPANY
TRITON FUNDS PUTTING FORWARD A FORMAL OFFER,TO PROVIDE MOVIEPASS
MOVIEPASS’S LOWE DISMISSED TRITON’S INTEREST DURING AN INTERVIEW WITH MARKETWATCH ON WEDNESDAY, SAYING: “WE ARE NOT IN TALKS WITH THEM. THERE ARE OTHER, LARGER MEDIA COMPANIES THAT HAVE EXPRESSED INTEREST IN ACQUIRING THE COMPANY OR PARTNERING WITH US
YEE SAID THEY SEE ENORMOUS GROWTH POTENTIAL IN THE MOVIE SUBSCRIPTION MODEL.
THEY INTENDED TO ATTEMPT A HOSTILE TAKEOVER OF THE COMPANY, WHOSE MARKET VALUE WAS $470,000 AT THE TIME.
YEE SAID TRITON HAD SEVERAL CONVERSATIONS WITH HELIOS AND MATHESON’S CHIEF INNOVATION OFFICER, PARTHASARATHY KRISHNAN, WHO HELPED
CONVINCE THE FUND TO ABANDON ITS TAKEOVER
THEIR MAIN CONCERN IS MAKING SURE MOVIEPASS STAYS AFLOAT AND HAS THE CHANCE TO THRIVE
STUDENT-RUN FUND PREPARING BAILOUT PLAN FOR MOVIEPASS, BUT IT MAY BE UNWANTED
PUBLISHED: AUG 9, 2018 7:56 P.M. ET
TRITON FUNDS CO-FOUNDERS SAY THEY HOPE TO RESCUE FLOUNDERING COMPANY, BUT MOVIEPASS CEO SAYS THEY’RE NOT IN TALKS
SIGNAGE AT THE MOVIEPASS HOUSE PARK CITY DURING SUNDANCE 2018 IN JANUARY IN PARK CITY, UTAH.
By SARAHTOY
REPORTER
STUDENT-RUN VENTURE FUND TRITON FUNDS WILL BE PUTTING FORWARD A FORMAL OFFER TO PROVIDE MOVIEPASS with capital to help it stay afloat, the fund’s co-founders told MarketWatch this week.
Triton has submitted a proposal to its attorneys at Cara Stone LLP to present to MoviePass, fund co-founder Nathan Yee said. In it, Triton proposes offering capital to help the company pay off its debts.
“WE WANT TO OFFER MITCH EQUITY CAPITAL AND A LONG-TERM DEBT SOLUTION,” HE SAID, REFERRING TO MOVIEPASS CEO MITCH LOWE.
Triton will also offer any other assistance it can, including millennial-focused advice from the fund’s student management team. YEE DID NOT PROVIDE FURTHER DETAILS, THOUGH HE SAID $25-MILLION FUND TYPICALLY INVESTS BETWEEN $250,000 AND $2 MILLION IN A COMPANY IN WHICH IT SEES POTENTIAL.
Yee and co-founders Sam Yaffa and Yash Thukral told MarketWatch on Friday that after several failed efforts to engage MoviePass parent Helios and Matheson Analytics Inc. HMNY, -7.56% , THEY INTENDED TO ATTEMPT A HOSTILE TAKEOVER OF THE COMPANY, WHOSE MARKET VALUE WAS $470,000 AT THE TIME.
But the La Jolla, Calif.-based fund has since softened its stance, with the founders saying THEIR MAIN CONCERN IS MAKING SURE MOVIEPASS STAYS AFLOAT AND HAS THE CHANCE TO THRIVE. Many of the students involved in Triton use the service, and YEE SAID THEY SEE ENORMOUS GROWTH POTENTIAL IN THE MOVIE SUBSCRIPTION MODEL.
YEE SAID TRITON HAD SEVERAL CONVERSATIONS WITH HELIOS AND MATHESON’S CHIEF INNOVATION OFFICER, PARTHASARATHY KRISHNAN, WHO HELPED CONVINCE THE FUND TO ABANDON ITS TAKEOVER plans and focus on helping MoviePass instead. Krishnan could not be reached for comment.
BUT MOVIEPASS’S LOWE DISMISSED TRITON’S INTEREST DURING AN INTERVIEW WITH MARKETWATCH ON WEDNESDAY, SAYING: “WE ARE NOT IN TALKS WITH THEM. THERE ARE OTHER, LARGER MEDIA COMPANIES THAT HAVE EXPRESSED INTEREST IN ACQUIRING THE COMPANY OR PARTNERING WITH US because they see the immense value of millions of members that are influenced by our promotion of what to go and what to see.”
TRITON DISCUSSED ITS STRATEGY FOR MOVIEPASS IN A VIDEO POSTED ON YOUTUBE ON MONDAY, in which co-founders YAFFA AND THUKRAL RECOMMENDED THE COMPANY REMOVE SURGE PRICING, MAKE ALL NEWLY RELEASED MOVIES AVAILABLE TO SUBSCRIBERS, IMPROVE CUSTOMER SERVICE AND ZERO IN ON SUBSCRIBERS WHO ONLY GO TO THE MOVIES OCCASIONALLY. MoviePass announced the next day a plan to keep its current monthly fee of $9.95, but cut subscribers’ film allowance to three movies a month. The company also said it would suspend surge pricing and the ticket verification process, which required users to snap and upload photos of each ticket stub.
Triton supports the new moves. “We are here to advocate for the shareholders, for Mitch’s dream of bringing people to the movies,” said Yee. The venture fund does not currently hold any investments in Helios or Matheson.
Yee, Yaffa and Thukral launched Triton Funds in April to give students a chance to get real-world, hands-on experience in investing in companies. The fund is run by students at the University of California, San Diego and Cal State University, Northridge, and has an advisory board that includes university faculty and alumni. The fund’s current portfolio consists of 20 companies, including in-airport food delivery startup AtYourGate, cybersecurity company Bravatek SolutionsBVTK, +0.00% and blockchain-based technology company DigitalTown Inc.DGTW, +7.69% .
Helios and Matheson has been struggling for the past several months, burning through large sums of cash and turning to increasingly expensive borrowing. The company’s stock has plummeted, closing Thursday at just 7 cents, even after a 1-for-250 reverse stock split late last month that adjusted the price to $21.25.
Shares of Helios and Matheson shares have fallen about 100% year to date, while the S&P 500 SPX, -0.14% has gained 7%.
Source:
https://www.marketwatch.com/story/student-run-fund-preparing-bailout-plan-for-moviepass-but-it-may-be-unwanted-2018-08-09
HMNY: MITCH LOWE TODAY, WE ARE PAID MILLIONS_BY_THE_STUDIOS
60% ALREADY, THE BURN IS COMING DOWN
15% OF SUBSCRIBERS CONVERTED YESTERDAY TO NEW PLAN
WE ARE ALREADY GETTING PAID MILLIONS OF DOLLARS BY THE STUDIOS TO PROMOTE THEIR FILMS
OVER 2000 SCREENS PARTNERING WITH US WHERE WE GET DISCOUNTS ON TICKETS
STILL OVER 3,000,000 SUBSCRIBERS
MISTAKE IN THE PAST YEAR IS Trying TO SERVE ALL MOVIEGOERS
15%, OR SUPER CONSUMERS 40% OF BURN
FANDANGO EARNS $1.00 FOR EVERY TICKET IT SELLS
WE HAVE ADVERTISING AGREEMENTS WITH STUDIOS
STUDIOS ARE PAYING US TO PROMOTE THEIR TITLES
WE CAN GENERATE $4.00 TO $6.00 BY PROMOTING PRODUCTS TO OUR SUBSCRIBERS PER MONTH
MOVIEPASS IS IMPERFECT BUT DELIVERING AN 'AMAZING VALUE,' CEO SAYS
TV SHOWS
WHAT'D YOU MISS?
AUGUST 8TH, 2018, 5:19 PM EDT
MITCH LOWE, MOVIEPASS INC. CHIEF EXECUTIVE OFFICER, DEFENDS THE COMPANY'S BUSINESS MODEL ON "WHAT'D YOU MISS?" (SOURCE: BLOOMBERG)
VIDEO LINK BELOW:
https://www.bloomberg.com/news/videos/2018-08-08/moviepass-is-imperfect-but-delivering-an-amazing-value-ceo-says-video
HMNY: ACQUISITION, EFO FILMS, MILE 22, ON AUG._3 2018(TRAILER
MILE 22 SOUNDTRACK (45 SONGS)
https://open.spotify.com/user/tunemunk/playlist/14VALWVxkek2uKrrefhLl2
#MILE22 #STX
MILE 22 | FINAL TRAILER | IN THEATERS AUGUST 17, 2018
97,113 VIEWS
54455SHARE
VIDEO LINK FOR FINAL TRAILER BELOW
READ BELOW IF YOU MISSED IT
HMNY: ACQUISITION, EFO FILMS, MILE 22, ON AUG._3 2018
See MILE 22 TRAILER BELOW
MILE 22 (2018)
RELEASE INFO
Singapore 2 August 2018
Estonia 3 August 2018
USA 3 August 2018
Portugal 9 August 2018
Greece 16 August 2018
Russia 16 August 2018
Spain 17 August 2018
Australia 23 August 2018
Hungary 23 August 2018
UK 27 August 2018
France 29 August 2018
Denmark 30 August 2018
South Africa 7 September 2018
Belgium 26 September 2018
Netherlands 1 November 2018
Source:
https://www.imdb.com/title/tt4560436/releaseinfo
SEE BELOW
IF YOU MISSED IT
MoviePass launches film production company
Annlee Ellingson, Staff Writer - L.A. Biz
May 31, 2018, 1:47pm MDT
MOVIEPASS PARENT HELIOS AND MATHESON ANALYTICS INC. HAS MADE ANOTHER MOVE to diversify its strategy with the launch of a production company called MoviePass Films.
THE MOVE WAS ENABLED BY HELIOS’ ACQUISITION OF THE ENTIRE FILM LIBRARY AND CURRENT PRODUCTION SLATE OF EMMETT FURLA OASIS FILMS (EFO FILMS)…
…HELIOS (NASDAQ: HMNY) owns 51 percent of MoviePass Films, with EFO holding the remainder. The venture will focus on studio-driven content and new film production for theatrical release and other distribution channels.
EFO founders Randall Emmett and George Furla will serve as co-CEOs, with Helios chief Ted Farnsworth serving as chairman. MoviePass CEO Mitch Lowewill also hold a seat on the board, with Farnsworth and Lowe working together to leverage MoviePass to market MoviePass Films to its subscribers.
Source:
https://www.bizjournals.com/denver/bizwomen/news/latest-news/2018/05/moviepass-launches-film-production-company.html?page=all
…RANDALL EMMETT AND GEORGE FURLA OF EMMETT/FURLA/OASIS FILMS. EMMETT-FURLA ARE HERE AT CINEMACON WITH THEIR MARK WAHLBERG HEADLINER/PETER BERG-DIRECTED FEATURE MILE 22 WHICH STXFILMS IS RELEASING ON AUG. 3…
Source:
https://deadline.com/2018/04/moviepass-john-travolta-gotti-movie-stake-1202376229/
HMNY: MOVIEPASS CEO: 'WE NOW HAVE THE MODEL RIGHT'
3 MOVIES A MONTH FOR $9.95
15% HIGH USE MOVIEGOERS WERE CONSUMING 40% OF COST
THIS MODEL REDUCED THE BURN BY 60%
MARKETS NOW
MOVIEPASS CEO: 'WE NOW HAVE THE RIGHT MODEL'
BY JILL DISIS @JDISISAUGUST 8, 2018: 1:16 PM ET
MOVIEPASS SAYS IT HAS FINALLY NAILED DOWN ITS BUSINESS MODEL.
CEO MITCH LOWE SAYS ITS LATEST OFFER — 3 MOVIES A MONTH FOR $10 — will make the company sustainable. It has been burning through tens of millions of dollars each month paying for its movie-a-day program.
"It is really tough to launch a business that shoots up like a rocket ship, but hasn't completely got the business model right," Lowe told CNNMoney's Christine Romans on "Markets Now." "WE NOW HAVE THE RIGHT MODEL."
Helios and Matheson (HMNY), the parent company of MoviePass, was trading at about 7 cents per share Wednesday afternoon.
CNNMoney (New York)First published August 8, 2018: 1:16 PM ET
Source:
https://money.cnn.com/2018/08/08/media/moviepass-mitch-lowe-markets-now/index.html
MARKETS NOW
MOVIEPASS CEO
15% HIGH USE MOVIEGOERS WERE CONSUMING 40% OF COST
@ 1:51 SECONDS INTO VIDEO..
THIS MODEL REDUCED THE BURN BY 60%, AND WE HAVE THE MONEY...
@ 1:35 SECONDS INTO VIDEO..
.. HAVE A SUBSTAINABLE BUSINESS MODEL, AND SO WE HAVE HAD TO FINE TUNE THE MODEL AS WE GO, WE NOW HAVE THE RIGHT MODEL.
VIDEO LINK BELOW:
https://money.cnn.com/video/news/2018/08/08/markets-now-mitch-lowe-moviepass-subscribtion-plan-stock.cnnmoney
HMNY: MOVIEPASS CEO MITCH LOWE ON CNN, (DIRECT_LINK)_LIVE
https://money.cnn.com/investing/markets-now/?iid=EL
HMNY: MOVIEPASS FILMS...FIRST PRODUCTION, WILL STAR BRUCE WILLIS
...GIVING TECHCRUNCH’S PARENT COMPANY VERIZON A STAKE IN MOVIEPASS.
MOVIEPASS FILMS ANNOUNCES ITS FIRST PRODUCTION, WITH BRUCE WILLIS AS STAR
ANTHONY HA@ANTHONYHA / 17 HOURS AGO
MOVIEPASS IS GETTING INTO THE MOVIE PRODUCTION BUSINESS WITH 10 MINUTES GONE, A FILM STARRING BRUCE WILLIS.
The movie was announced in Deadline, which says that it will tell the story of a man who loses 10 minutes of his memory after being struck by a bullet during a bank robbery. Production is expected to begin on September 10, with Brian A. Miller directing.
While MoviePass is best-known for its movie ticket subscription service, parent company Helios and Matheson also owns MoviePass Ventures, a film investment arm that backed Gotti and The Row. And earlier this year, it acquired Emmett Furla Oasis Films in order to launch a production company, MoviePass Films.
Helios and Matheson also recently acquired Moviefone, GIVING TECHCRUNCH’S PARENT COMPANY VERIZON A STAKE IN MOVIEPASS.
This announcement comes after a tumultuous couple of weeks for the service, with significant outages leading to an announced a price hike, which has been scrapped in favor of limiting subscribers to three movies per month instead.
As the company continues to insist that it has plans to reach profitability, it’s also pointed to MoviePass Ventures and MoviePass Films as important sources for additional revenue.
Source:
https://techcrunch.com/2018/08/07/moviepass-films-bruce-willis/
HMNY: MOVIEPASS CEO MITCH LOWE ON CNN, A LOT TO TALK ABOUT TODAY
MOVIEPASS CEO MITCH LOWE ON CNN, A LOT TO TALK ABOUT TODAY AT 12:45 P.M. ET
HE'LL HAVE A LOT TO TALK ABOUT.
MARKETS NOW
WHAT'S NEXT FOR MOVIEPASS?
BY DANIELLE WIENER-BRONNER @DWBRONNER
AUGUST 7, 2018: 3:30 PM ET
MOVIEPASS CEO MITCH LOWE WILL JOIN CNN'S CHIEF BUSINESS CORRESPONDENT CHRISTINE ROMANS ON "MARKETS NOW" ON WEDNESDAY FOR A LIVE INTERVIEW. HE'LL HAVE A LOT TO TALK ABOUT.
The struggling company has been rapidly changing its business model in an effort to keep investors from selling off stock. So far, it hasn't had much luck.
ON MONDAY, THE COMPANY ANNOUNCED THAT IT WILL LIMIT CUSTOMERS TO THREE MOVIES PER MONTH — DOWN FROM ONE PER DAY. IT ALSO WALKED BACK ITS DECISION TO RAISE PRICES FROM $9.99 to $14.99 per month, among other moves to burn less cash.
The efforts helped boost shares of parent company Helios and Matheson (HMNY) slightly, but the stock has plunged this year, from $39 last October to just 8 cents last month. The company approved a reverse split — a cosmetic change that boosted the stock 250-fold, back up to $21. Since then it's fallen all the way back to 7 cents.
RELATED: WATCH 'MARKETS NOW' HERE EVERY WEDNESDAY AT 12:45 P.M. ET
Romans will also be joined by Jeremy Schwartz, WisdomTree's director of research. Schwartz will discuss the best strategies for investors today and explain why small-cap stocks may be the way to go.
CNNMONEY'S "MARKETS NOW" STREAMS LIVE FROM THE NEW YORK STOCK EXCHANGE EVERY WEDNESDAY AT 12:45 P.M. ET. HOSTED BY CNNMONEY EDITOR-AT-LARGE RICHARD QUEST and others, the 15-minute program features incisive commentary from experts.
You can watch "Markets Now" at CNNMoney.com/MarketsNow from your desk or on your phone or tablet. If you can't catch the show live, check out highlights online and through the Markets Now newsletter, delivered to your inbox every afternoon.
— CNN's Jill Disis contributed to this report.
Source:
https://money.cnn.com/2018/08/07/investing/moviepass-ceo-live-interview/
HMNY: MOVIEPASS FILMS...FIRST PRODUCTION, WITH BRUCE WILLIS AS STAR
...GIVING TECHCRUNCH’S PARENT COMPANY VERIZON A STAKE IN MOVIEPASS.
MOVIEPASS FILMS ANNOUNCES ITS FIRST PRODUCTION, WITH BRUCE WILLIS AS STAR
ANTHONY HA@ANTHONYHA / 6 HOURS AGO
MOVIEPASS IS GETTING INTO THE MOVIE PRODUCTION BUSINESS WITH 10 MINUTES GONE, A FILM STARRING BRUCE WILLIS.
The movie was announced in Deadline, which says that it will tell the story of a man who loses 10 minutes of his memory after being struck by a bullet during a bank robbery. Production is expected to begin on September 10, with Brian A. Miller directing.
While MoviePass is best-known for its movie ticket subscription service, parent company Helios and Matheson also owns MoviePass Ventures, a film investment arm that backed Gotti and The Row. And earlier this year, it acquired Emmett Furla Oasis Films in order to launch a production company, MoviePass Films.
Helios and Matheson also recently acquired Moviefone, GIVING TECHCRUNCH’S PARENT COMPANY VERIZON A STAKE IN MOVIEPASS.
This announcement comes after a tumultuous couple of weeks for the service, with significant outages leading to an announced a price hike, which has been scrapped in favor of limiting subscribers to three movies per month instead.
As the company continues to insist that it has plans to reach profitability, it’s also pointed to MoviePass Ventures and MoviePass Films as important sources for additional revenue.
Soource:
https://techcrunch.com/2018/08/07/moviepass-films-bruce-willis/
HMNY: (NETFLIX-MOVIEPASS MASHUP) DIGITAL CURRENCY CALLED REEL CASH.
FYI info for those who have not seen it
Source:
REEL CASH IS THE NETFLIX-MOVIEPASS MASHUP THAT FLIPS THE SCRIPT ON HOLLYWOOD ECONOMICS
TUESDAY, JULY 17, 2018 NETWORK TECHNOLOGY 0
JACKSON HOLE, Wyo.–(BUSINESS WIRE)–#entertainment–EIGHT TECHNOLOGISTS AND 4 INDUSTRY VETERANS WITH OVER 300 FILMS BETWEEN THEM HAVE COME TOGETHER TO SOLVE SOME OF THE INDUSTRY’S TOUGHEST CHALLENGES WITH ONE TECHNOLOGICAL INNOVATION – AN ASSET-BASED DIGITAL CURRENCY CALLED REEL CASH. A video trailer at the company’s website explains the service. “Judge Leon’s decision in favor of the ATT (NYSE:T) – Time Warner (NYSE:TWX) merger was due in large part to the valuable asset that streaming studios like Netflix
(
Source: Business Wire Tech News
Details at www.businesswire.com/news/home/20180717005208/en/Reel-Cash-Netflix-MoviePass-Mashup-Flips-Script-Hollywood/?feedref=JjAwJuNHiystnCoBq_hl-Q-tiwWZwkcswR1UZtV7eGe24xL9TZOyQUMS3J72mJlQ7fxFuNFTHSunhvli30RlBNXya2izy9YOgHlBiZQk2LOzmn6JePCpHPCiYGaEx4DL1Rq8pNwkf3AarimpDzQGuQ==
Source:
networkurl.com/reel-cash-netflix-moviepass-mashup-flips-script-hollywood
Source:
https://reel.cash/about-2/
https://reel.cash/
Reel Cash is the Netflix-MoviePass Mashup That Flips the Script on Hollywood Economics
Reel Cash will bring much-needed disruption to the entertainment ecosystem starting with paying audiences for what they watch online
July 17, 2018 10:10 AM Eastern Daylight Time
JACKSON HOLE, Wyo.--(BUSINESS WIRE)--Eight technologists and 4 industry veterans with over 300 films between them have come together to solve some of the industry’s toughest challenges with one technological innovation - an asset-based digital currency called Reel Cash. A video trailer at the company’s website explains the service.
Reel Cash will bring much-needed disruption to the entertainment ecosystem starting with paying audiences for what they watch online.
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“Judge Leon’s decision in favor of the ATT (NYSE:T) - Time Warner (NYSE:TWX) merger was due in large part to the valuable asset that streaming studios like Netflix (NASDAQ: NFLX) have and the Majors don’t,” said Reel Cash’s co-founder Jeff Carr. “It’s the same asset that Helios and Matheson Analytics MoviePass (NASDAQ: HMNY) believes will save their company - viewer data.” Reel Cash’s innovation will give the world’s estimated 400 million streaming services (SVOD) subscribers a way to monetize their own anonymized viewer data for REEL tokens or hard currency; something that up till now they’ve been forced to give away for free to Netflix, Hulu, YouTube, and every other SVOD service.
Rez Khan, Reel’s lead developer, described how the program works. “We’ve built a virtual marketplace where subscribers of SVOD services can receive payment when their anonymized viewer metadata is aggregated and viewed by our data customers.”
“We pay out 28% of what we collect from studios or other corporate clients to our subscribers. We retain 22% for overhead and put the remaining 50% into our film fund,” explained Carr. That income stream between the world’s content viewers and content creators will kick-start a series of innovations that could solve serious industry pain points according to entertainment attorney Bianca Goodloe, one of Reel Cash’s founding partners. “The benefit for filmmakers financing their productions through Reel Cash, as a one-stop-shop,” according to Goodloe who has been legal advisor to over 150 films, “is that they would avoid having to cannibalize individual distribution rights and territories of their productions through heavily discounted pre-sales, and thus avoiding costly multi-party financing fees and related transactional and legal costs, in order to finance their films. Moreover, by Reel Cash being the production’s financier and distributor, the interests of the filmmaker, net profit participants and Reel Cash are aligned, in the best interest of the content.”
Joel Lambert, another founder and the star of Discovery Channel’s Manhunt said, “my friends in China and Eastern Europe really love this concept because of the almost insurmountable challenges they face in getting onboard productions in the West.”
Other Reel Cash founders and advisors include prolific movie producer John Baldecchi, action designer and director Mike Smith, producer and technologist Alexander Ferguson, and J. Allen Dove, the CTO of SpotX.
Source:
https://www.businesswire.com/news/home/20180717005208/en/Reel-Cash-Netflix-MoviePass-Mashup-Flips-Script-Hollywood/?feedref=JjAwJuNHiystnCoBq_hl-Q-tiwWZwkcswR1UZtV7eGe24xL9TZOyQUMS3J72mJlQ7fxFuNFTHSunhvli30RlBNXya2izy9YOgHlBiZQk2LOzmn6JePCpHPCiYGaEx4DL1Rq8pNwkf3AarimpDzQGuQ==
HMNY: A LOAN...TERM OR REPAYMENT SCHEDULE
Current Report Filing (8-k)
07/13/2018 @ 10:36AM
Edgar (US Regulatory)
Item 1.01 Entry into a Material Definitive Agreement...
DEMAND NOTE
On July 13, 2018 the Company issued a demand note (the “Demand Note”) to the Holder in the principal amount of $6,806,849.55, which includes $5.0 million in cash borrowed by the Company from the Holder and $1,806,849.55 required to be paid by the Company to the Holder pursuant to a partial redemption of the June Notes held by the Holder. The Demand Note bears interest on the unpaid principal amount at the rate of 10.0% per year. The Holder may make a demand for full payment of the Demand Note from and after July 17, 2018. Upon demand, the Company is also required to pay to the Holder any sum required to cover the costs and expenses incurred by the Holder in connection with the drafting and negotiation of the Demand Note as well as all costs and expenses of any enforcement or collection of the Demand Note, including, without limitation, reasonable attorneys’ fees, expenses and disbursements. All proceeds received by the Company under its outstanding at-the-market offering (the “ATM Offering”) pursuant to the Equity Distribution Agreement dated as of April 18, 2018 (the “Equity Distribution Agreement”) between the Company and Canaccord Genuity LLC must be used to repay the Demand Note.
The Demand Note and all accrued interest may be prepaid by the Company without penalty. With the agreement of the Holder, principal and interest accrued on the Demand Note may be applied to all, or any part, of the purchase price of securities to be issued upon the consummation, after July 13, 2018, of an offering of securities by the Company to the Holder. Any amount of principal or other amounts due which is not paid when due will result in a late charge being incurred and payable by the Company to the Holder in an amount equal to interest on such amount at the rate of 15% per year from the date such amount was due until the same is paid in full…
Source:
https://ih.advfn.com/p.php?pid=nmona&article=77861179
WWW.INVESTOPEDIA.COM
DEMAND NOTE
WHAT IS A 'DEMAND NOTE'
A DEMAND NOTE IS A LOAN WITH NO FIXED TERM OR REPAYMENT SCHEDULE. IT CAN BE RECALLED UPON THE lender's request, assuming the notice required by the provisions of the loan are met. GIVEN ITS RELATIVE INFORMALITY, A DEMAND LOAN (OR NOTE) IS COMMON AMONG FAMILY, FRIENDS AND CLOSE BUSINESS ASSOCIATES. However, banks can engage in demand loans for long-standing customers who have sound credit profiles.
Next Up
1. TERM LOAN
2. LOAN
3. FRIENDLY LOAN
4. PROBLEM LOAN
5.
BREAKING DOWN 'Demand Note'
A demand loan can be made to a family member, friend or business associate as a favor to that person who wishes to have some sort of financing without being bound by formalities and legal implications. The loan is unsecured, typically modest in size, does not have a fixed maturity date and is not subject to a principal and interest repayment schedule. The borrower enjoys these benefits, but he or she also must be prepared to return the loan "on demand" by the lender. In other words, for these flexible terms the lender retains the right to call in the loan at any time just as long as the advance notification is reasonable. The broad terms are laid out in a written demand loan agreement, which is not enforceable under law, but serves as a type of moral contract between the parties. Numerous free templates of demand loan agreements are accessible online.
WHEN A BANK PROVIDES DEMAND LOANS IT IS INVARIABLY WITH CUSTOMERS THAT HAVE HAD A GOOD RELATIONSHIP WITH THE BANK. The bank feels comfortable lending on terms that are favorable to the borrower because the repayment history of customer indicates that it has strong creditworthiness. The borrower benefits from the flexible terms and the bank benefits from a strengthening of the banking relationship. The written loan agreement in this case, unlike a friend-to-friend loan, is subject to legal enforcement.
Source:
https://www.investopedia.com/terms/d/demandnote.asp
WatchingStocks, A great post, well versed, well done.
HMNY: IF AMC STUBS A-LIST IS A HIT_THE_STUDIOS…BECOME_A_PROBLEM.
IRONICALLY, IF AMC STUBS A-LIST IS A HIT, THE STUDIOS MAY ACTUALLY BECOME A PROBLEM.
SO STUDIOS WILL MAKE LESS FROM A PERSON SEEING A FILM VIA A-LIST THAN IF THEY'D SEEN IT WITHOUT THE PROGRAM.
ALL IS NOT SUNSHINE AND RAINBOWS WITH A-LIST, AS THE PLAN ALSO SPARKED CONCERN AMONG AMC'S MOST IMPORTANT CONSTITUENCY: THE MOVIE STUDIOS
THERE'S 1 POTENTIAL DANGER IN AMC'S NEW SUBSCRIPTION PLAN -- AND IT'S NOT MOVIEPASS
AMC FOLLOWS ITS PEERS INTO MOVIE SUBSCRIPTIONS, BUT THERE COULD BE A SNAG.
BILLY DUBERSTEIN
(DUBS82)
JUL 10, 2018 AT 9:32PM
AMC Entertainment (NYSE:AMC), the largest movie theater operator across the U.S. and Europe, is FEELING THE PINCH FROM LAST YEAR'S DOWN BOX OFFICE. While the North American box office was actually the third-highest in history, ATTENDANCE WAS DOWN 6% FROM 2016 AND AT A 24-YEAR LOW, with revenue benefiting from increased prices. AT FIRST, YOU MAY NOT THINK THIS IS SUCH A BIG DEAL. After all, if theaters can offset traffic declines with price hikes, who cares?
Well, theater chains do. That's because THEIR MOST PROFITABLE BUSINESS (ON A MARGIN BASIS) IS ACTUALLY THOSE EGREGIOUSLY PRICED BUCKETS OF POPCORN AND SODA. While contributing roughly 30% of AMC's revenue, CONCESSIONS PROVIDED ROUGHLY 40% OF ITS GROSS PROFIT LAST YEAR. Thus, lower traffic still hurts.
IN RESPONSE, THEATER OPERATORS ARE NOW (FINALLY) EXPERIMENTING WITH SUBSCRIPTION OFFERINGS TO BOOST TRAFFIC. This move has been SPURRED NOT ONLY BY LOWER ATTENDANCE, BUT ALSO by Helios & Matheson's (NASDAQ: HMNY) acquisition of MOVIEPASS in August 2017. Helios & Matheson subsequently dropped the price of MoviePass to an absurd $9.95 per month for a movie per day, WHICH CAUSED A HUGE STIR IN THE INDUSTRY.
AMC CEO Adam Aron has long said MoviePass' business model (in which it pays the full price of admissions) was unsustainable, and currently, Helios & Matheson is on life support. But that doesn't mean AMC doesn't want in on the subscription game in some way.
BUT THERE'S A POTENTIAL LOOMING PROBLEM IN AMC'S NEW STUBS A-LIST SUBSCRIPTION PLAN, AND IT HAS NOTHING TO DO WITH MOVIEPASS.
WILL AMC A-LIST SPARK ADMISSIONS GROWTH? IMAGE SOURCE:
WHAT DOES AMC'S STUBS A-LIST OFFER?
AMC Stubs A-List will cost $19.95 per month (not including tax) for up to three movies per week at any AMC theater -- even including deluxe IMAX offerings. THAT'S DOUBLE MOVIEPASS' PRICE, and A-List also (somewhat) limits the potential for abuse of the program, capping movie fans to only three films per week.
The program also includes other benefits, such as:
• Free size upgrades on popcorn and soda.
• Express service at the theater and concession line.
• No online ticketing fees for pre-booking.
• 100 points for every dollar spent on concessions. When 5,000 points are reached, theatergoers receive a $5 discount (equaling a 10% credit for every $50 spent).
What could come of this?
A-List drew rave reviews from some analysts and AMC predicted a revenue boost, with Aron saying on a call with analysts:
We believe that for every 1 million A-List members we have in the program, run rate incremental EBITDA will be between $15 million and $25 million per annum ... [That] assumes a steady state of 2.5 movie theater visits per member, per month. But if that frequency were to drop to 2.25 visits per month, for example, the annual incremental EBITDA range per 1 million members boosts by $10 million more.
ARON NOTED THAT THERE COULD BE SOME "CANNIBALIZATION" of ticket sales as THOSE WHO ATTEND A LOT OF MOVIES WOULD BE THE FIRST TO JOIN. "This COULD COST US A NET OF $5 MILLION TO $10 MILLION IN TICKET REVENUES IN THE NEXT 6 MONTHS ... " HE SAID, continuing:
And we'll have program launch costs on top, including approximately a $5 million war chest of marketing monies spent in the second half of 2018 to aggressively put this program before consumers. SO IN TOTAL, WE COULD BE TAKING A $10 MILLION TO $15 MILLION ADJUSTED EBITDA HIT IN THE NEXT TWO QUARTERS. However, if there was ever a year TO SACRIFICE SHORT-TERM ADJUSTED EBITDA FOR FUTURE GAIN, IT'S RIGHT NOW IN 2018.
For context, AMC made $218.5 million in operating income in 2017, adjusting for merger costs and impairments.
AMC says its Stubs loyalty program, of which A-List is a part, counts nearly 15 million households as members, up from 2.5 million two years ago.
HOWEVER, ALL IS NOT SUNSHINE AND RAINBOWS WITH A-LIST, AS THE PLAN ALSO SPARKED CONCERN AMONG AMC'S MOST IMPORTANT CONSTITUENCY: THE MOVIE STUDIOS.
HOW MUCH WILL AMC PAY THE STUDIOS?
THE HANGUP FOR STUDIOS is that A-List pays studios a cut of admissions using a ticket price of $8.99. The problem? A-List members are probably going to see films in deluxe formats (since it doesn't cost extra), which carry a higher price. In fact, AMC's average ticket price was $9.32 in 2017 ($9.68 in domestic markets), with deluxe offerings in big-city markets being much higher. SO STUDIOS WILL MAKE LESS FROM A PERSON SEEING A FILM VIA A-LIST THAN IF THEY'D SEEN IT WITHOUT THE PROGRAM.
AMC justified choosing the $8.99 by saying that is the figure used by the new monthly plan of rival Cinemark, which offers only one film per month and 20% off concessions (with unused tickets rolling over to the next month). The catch: Cinemark's average ticket price in 2017 was only $6.48 ($7.71 domestic), as it operates in smaller markets than AMC.
WILL STUDIOS GO ALONG OR PLAY HARDBALL?
For all the hemming and hawing, it appears studio executives are not considering pulling their films from AMC. AT LEAST NOT YET.
Remember: AMC Entertainment is the largest theater operator, so it has some leverage in these negotiations. It's also an open question as to how many people will actually sign up for A-List. If the numbers remain relatively small, it's possible studios won't put up a fight. Ironically, IF AMC STUBS A-LIST IS A HIT, THE STUDIOS MAY ACTUALLY BECOME A PROBLEM.
MUCH ADO ABOUT NOTHING?
With MoviePass feeling the heat, AMC has come to market with a compelling offering. STILL, I DON'T THINK THE NUMBER OF PEOPLE WHO WILL PAY $20 PER MONTH FOR THREE MOVIES A WEEK AT AMC IS AS BIG AS THOSE WHO WILL PAY $10 FOR A MOVIE A DAY ANYWHERE. A-List could help around the edges, but I don't think it will exactly be a sea change for either AMC or the studios. More important to AMC's fate will be the quality of movies that studios make going forward, as well as the success of AMC's recliner renovation program.
Source:
https://www.fool.com/investing/2018/07/10/theres-1-potential-danger-in-amcs-new-subscription.aspx
HMNY: (TREASURY)UNISSUED SHARES...NOT SEEN AS OUTSTANDING
HMNY: (TREASURY) UNISSUED SHARES...NOT SEEN AS OUTSTANDING (INVESTOPEDIA.COM)
THE COMPANY MAINTAINS ANY UNISSUED SHARES; THE SHARES FALL INTO THE CATEGORY OF TREASURY SHARES. SINCE THEY ARE NOT SEEN AS OUTSTANDING,
SECURITIES CAN BE ISSUED AT ANY TIME WITHIN A TWO-YEAR PERIOD
TIMING OF THE SALES TO TAKE ADVANTAGE OF MORE FAVORABLE MARKET CONDITIONS
...IN THIS CASE, IT MAY NOT BE A GOOD TIME FOR A HOME BUILDER TO COME OUT WITH ITS SECOND OFFERING, AS MANY INVESTORS WILL BE PESSIMISTIC
HELIOS AND MATHESON ANALYTICS ANNOUNCES PROPOSED PUBLIC OFFERING OF COMMON STOCK AND WARRANTS
• 5 HRS AGO
NEW YORK--(BUSINESS WIRE)--Jul 10, 2018--Helios and Matheson Analytics Inc. ( Nasdaq: HMNY ) (“HMNY”), a provider of information technology services and solutions and the 92% owner of MoviePass Inc. (“MoviePass”), the nation’s premier movie-theater subscription service, today announced that it has commenced a best-efforts underwritten public offering, subject to market and other conditions, to issue and sell shares of its common stock and warrants to purchase shares of its common stock. The shares of common stock and warrants to purchase shares of common stock are being offered as units. The shares of common stock and warrants will be issued separately. There can be no assurance as to whether or when the offering may be completed, or to the actual size or terms of the offering. HMNY may use the net proceeds from this offering for general corporate purposes of HMNY and its subsidiaries and transaction expenses.
Canaccord Genuity LLC is acting as sole book-running manager for the offering. Palladium Capital Advisors, LLC is acting as a financial advisor in connection with the offering.
The shares of common stock and warrants described above are being offered pursuant to a SHELF REGISTRATION statement previously filed with and declared effective by the Securities and Exchange Commission (SEC). A preliminary prospectus supplement and accompanying prospectus relating to the offering will be filed with the SEC...
Source:
https://www.thedailytimes.com/business/helios-and-matheson-analytics-announces-proposed-public-offering-of-common/article_95d21d27-f166-5195-b3a4-e14ab3d73555.html
WWW.INVESTOPEDIA.COM
SHELF REGISTRATION
WHAT IS 'SHELF REGISTRATION'
Shelf registration is a procedure, included in a regulation, that a corporation can evoke to comply with U.S. Securities and Exchange Commission (SEC) registration requirements for a new stock offering up to two years before doing the actual public offering. However, the corporation must still file the required annual and quarterly reports with the SEC. Shelf registration is formally known as SEC Rule 415.
Next Up
1. SHELF OFFERING
2. S-3 FILING
3. REGISTRATION RIGHT
4. SEC FORM SP15D2
5.
BREAKING DOWN 'SHELF REGISTRATION'
Shelf registration is a method for publicly traded companies to register new stock offerings without having to issue them immediately. Instead, the securities can be issued at any time within a two-year period, allowing a company to adjust the timing of the sales to take advantage of more favorable market conditions should they arise.
Sometimes current market conditions are not favorable for a specific firm to issue a public offering. For example, suppose the housing market is heading toward a dramatic decline. In this case, it may not be a good time for a home builder to come out with its second offering, as many investors will be pessimistic about companies in that sector. By using shelf registration, the firm can fulfill all registration-related procedures beforehand and go public quickly when conditions become more favorable.
ISSUER ADVANTAGES
Once shelf registration is complete, the only other SEC requirements revolve around standard reporting. The issuing company can adjust the release of the securities depending on variances in comparable market areas. If the market is expected to be unfavorable for a period of time, the issuer is not obligated to release the securities as long as time still exists within the two-year window.
The company maintains any unissued shares; the shares fall into the category of treasury shares. Since they are not seen as outstanding, they are not included in calculations used to determine statistics like earnings per share. Even though they are not issued, investor awareness of the existence of the pending shares can affect current market sentiment and activity.
ADMINISTRATIVE ADVANTAGES
If a company has a longer term new security issuing plan, the process of shelf registration allows it to address multiple issues of a particular security within a single registration statement. This can be simpler to create and manage, since multiple filings are not required, lowering administrative costs for the business as a whole. Further, no maintenance requirements exist beyond standard reporting, because shelf registrations do not create an additional burden while they are waiting for issue.
COMPANY USE OF SHELF REGISTRATIONS
SafeStitch Medical Inc. (formerly TransEnterix), a manufacturer of robotic surgical technology, used shelf registration to prepare new offerings to correspond with launch plans of a new product. When shelf registrations were expanded pursuant to the release of a new product line, the market responded with a 10% increase in share value. Even though the risk of share dilution was present, the market responded to the favorable news regarding the pending technological advancement.
Source:
https://www.investopedia.com/terms/s/shelfregistration.asp
HMNY: NETFLIX, SPOTIFY AND AMAZON…
THEATER COMPANIES ARE RACING TO INTRODUCE SUBSCRIPTIONS IN PART BECAUSE NETFLIX, SPOTIFY AND AMAZON PRIME HAVE TRAINED PEOPLE — MILLENNIALS, IN PARTICULAR — TO EXPECT ENTERTAINMENT TO BE SERVED UP THAT WAY…
MOVIEPASS STILL THE DOMINANT SERVICE
...EMBRACE A MODEL THAT WE’VE KNOWN ALL ALONG WILL BE THE FUTURE OF OUR INDUSTRY.
Entertainment & Life
MOVIE-TICKET SUBSCRIPTIONS GROWING IN NUMBER
BY BROOKS BARNES
NEW YORK TIMES NEWS SERVICE
POSTED JUL 8, 2018 AT 5:00 AMUPDATED AT 2:43 PM
MOVIEPASS, the subscription-based movie ticket service, is struggling to stay afloat, but THE PAYMENT MODEL IT HAS POPULARIZED SEEMINGLY IS HERE TO STAY.
Last week, AMC Theaters, the largest multiplex chain in the United States, rolled out its own MoviePass-style service: For $20 a month, subscribers to AMC Stubs A-List can see as many as three movies a week.
And the Alamo Drafthouse chain said it would begin testing a service called Season Pass that would offer unlimited movies for a monthly price.
“We really like the subscription model,? said Tim League, chief executive of Alamo Drafthouse, which operates in 10 states (not Ohio). “But we want to get it right. It’s important to us to build a model that is sustainable for the long term.”
AMC also called its service is “sustainable” — a not-so-subtle shot at MoviePass, which has 3 million members, most of whom pay $10 a month for the ability to see a movie a day. Many people in Hollywood and on Wall Street think MoviePass will fail because it loses money on heavy users; Helios and Matheson Analytics, which owns MoviePass, has seen its publicly traded shares fall from $38.86 last year to 31 cents on Friday.
THEATER COMPANIES ARE RACING TO INTRODUCE SUBSCRIPTIONS IN PART BECAUSE NETFLIX, SPOTIFY AND AMAZON PRIME HAVE TRAINED PEOPLE — MILLENNIALS, IN PARTICULAR — TO EXPECT ENTERTAINMENT TO BE SERVED UP THAT WAY. Finding new ways to fill seats is critical: ADMISSIONS IN NORTH AMERICA FELL TO A 25-YEAR LOW LAST YEAR, EVEN AS THE POPULATION GREW ABOUT 27 PERCENT DURING THAT PERIOD.
Here’s a rundown of prominent movie-ticket subscription offers:
MOVIEPASS
STILL THE DOMINANT SERVICE, despite mounting questions about whether it can survive, MOVIEPASS HAD MORE THAN 3 MILLION PAYING MEMBERS AS OF JUNE 13.
Company executives aggressively insist that the concept is viable, suggesting that membership could swell to about 5 million by January. Helios and Matheson said recently in a Securities and Exchange Commission filing that it hoped to raise $1.2 billion over three years to fund growth.
THE GOAL IS TO QUICKLY BECOME THE INCREDIBLE HULK — AND GET TOO BIG TO STOP.
At that point, MOVIEPASS COULD MAKE MONEY BY STRIKING BULK-TICKET-PRICING PARTNERSHIPS WITH THEATERS, CHARGING STUDIOS FEES TO PROMOTE NEW FILMS TO MEMBERS and perhaps even growing big enough (20 million subscribers is a goal) to demandA SLICE OF CONCESSION REVENUES.
MoviePass is also expected to charge subscribers more for peak viewing times and institute upcharges for access to Imax and 3D screenings.
Under the MoviePass model, theaters are paid full price for every admission. People who sign up, receive a membership card that works like a debit card. When members want to see a movie (no more than one a day), they use a MoviePass smartphone app to check in at the theater. The app instantly transfers the price of a ticket to the membership card. Members, in turn, use the card to pay for entry.
And it all works independently of theaters.
AMC Stubs A-List
The MoviePass system functions in 91 percent of theaters, including the more than 8,200 movie screens operated by AMC in the United States. But it is clunky.
The new AMC subscription service works without a special debit card and, unlike MoviePass, allows all subscribers to reserve seats online. It also includes access to Imax and other large-format theaters for no extra fee and allows members to see more than one movie a day.
In a statement, AMC Chief Executive Adam Aron described the initial response to AMC Stubs A-List as “overwhelmingly positive.” (The grumbling was confined to studios, which fretted over their cut.)
IN ITS OWN STATEMENT, MOVIEPASS SAID IT WAS “THRILLED THAT AMC HAS FINALLY STEPPED UP TO EMBRACE A MODEL THAT WE’VE KNOWN ALL ALONG WILL BE THE FUTURE OF OUR INDUSTRY.”
Movie Club
Cinemark, a chain that has 4,566 movie screens in 41 states, began offering this very basic subscription in December: For $9 a month, members can see one movie a month (no 3D) and receive a 20 percent discount on concessions, among other perks. Unused tickets roll over and never expire for paying members. No debit card is involved, and members can reserve seats online.
One standout aspect: It is relatively easy to reach live humans in Movie Club’s customer-service department by phone.
Mark Zoradi, Cinemark’s chief executive, told analysts on a conference call in May that Movie Club had 230,000 members. He said initial results suggested that subscriptions appeal “to the masses, rather than just the most frequent value-seeking consumers.”
MoviePass has described Movie Club as “vapid.”
Alamo Season Pass
Still in the earliest stages. Alamo said its app-based service would allow advance-seat reservations and “unlimited movies,” but the company didn’t divulge pricing.
Alamo will begin testing Season Pass in late July in Yonkers, New York. Theaters in other cities will follow, although how soon is unknown.
“We won’t really know until the actual testing begins, but we’re ready to get rolling,” League, the company’s chief executive, said, adding that he sees subscription plans as one way for smaller movies to thrive.
“For films that people may not know a lot about, subscription lowers the barrier of entry: ‘Sure, why not check this out?’”
Sinemia
Introduced in 2015 in Turkey, this under-the-radar service bears the most similarity to MoviePass.
Sinemia operates independently of theaters and involves a two-step process, with members selecting movies with an app and paying for them with a special debit card. Sinemia recently made it easier to get started; members no longer have to wait for cards to arrive in the mail before using their plans.
Unlike MoviePass, however, Sinemia offers tiered pricing. For $16 a month, “elite” subscribers receive three tickets a month. “Classic” subscribers receive one ticket a month for $5. (Sinemia subscriptions are sold annually, so that elite package will be billed at about $192.)
On Friday, Sinemia began offering various family plans, including one that allows a family of five to go to the movies three times a month for $75.
Rifat Oguz, the company’s chief executive, said in January that he hoped to have 2 million members within three years.
Source:
www.dispatch.com/entertainmentlife/20180708/movie-ticket-subscriptions-growing-in-number
HMNY: MR LOWE, CO-FOUNDER OF NETFLIX, $225 BILLION, 125 MILLION-SUBSCRIBER GIANT
HMNY SEEKING TO SELL OFF SOME $1.2 BILLION IN DEBT… OVER THREE YEARS INCLUDES MOVIEFONE
MR LOWE..TO THE SUCCESS OF NETFLIX'S WHICH CREATED THE $225 BILLION, 125 MILLION-SUBSCRIBER GIANT
MR LOWE, WHO RAN A CHAIN OF VIDEO STORES IN CALIFORNIA WHEN HE MET REED HASTINGS AND MARC RANDOLPH IN 1997, AND WHOSE DVD DISTRIBUTOR CONTACTS WERE CRUCIAL TO THE SUCCESS OF NETFLIX'S EARLY MOVIE-IN-THE-MAIL BUSINESS, will be in Australia later this month to talk about THE CULTURE OF SELF-DISRUPTION WHICH CREATED THE $225 BILLION, 125 MILLION-SUBSCRIBER STREAMING GIANT OF TODAY.
SEEKING TO SELL OFF SOME $1.2 BILLION IN DEBT AND SECURITIES.
THE SALE, WHICH WOULD TAKE PLACE OVER THREE YEARS AND INCLUDES THE RECENTLY ACQUIRED MOVIEFONE
ITS THE KIND OF UNDERHANDED TACTIC MR LOWE HAS SEEN BEFORE FROM AN INCUMBENT. BUSINESS LORE HAS IT THAT AT THE HEIGHT OF ITS BATTLE WITH NETFLIX, BLOCKBUSTER SENT SPIES TO INFILTRATE ITS WAREHOUSE AND E-COMMERCE OPERATION.
…UNDER HIS LEADERSHIP GREW TO 35K KIOSKS ACROSS THE US WITH REVENUE GROWING FROM LESS THAN $1M IN 2003 TO $1.5B IN REVENUE IN 2011
MEDIA & ENTERTAINMENT #ONTV
JUL 2, 2018 @ 02:08 PM
36,996
MOVIEPASS MAY SURVIVE AFTER ALL: INSIDE ITS BOLD NEW BUSINESS-SAVING PLAN
Toni Fitzgerald , CONTRIBUTOR I cover the business of television Opinions expressed by Forbes Contributors are their own.
Photo by Craig Barritt/Getty Images for MoviePass
When a company’s stock price dips to well below a dollar, YOU KNOW SOMETHING’S ABOUT TO HAPPEN. The question is, will it be going out of business or MAKING A RADICAL MOVE IN AN ATTEMPT TO REVITALIZE THE COMPANY?
IN THE CASE OF MOVIEPASS, IT’S THE LATTER. On Monday, MoviePass’ parent company, Helios and Matheson Analytics, filed a statement with the Securities and Exchange Commission, SEEKING TO SELL OFF SOME $1.2 BILLION IN DEBT AND SECURITIES.
THE SALE, WHICH WOULD TAKE PLACE OVER THREE YEARS AND INCLUDES THE RECENTLY ACQUIRED MOVIEFONE, gives Helios and Matheson some flexibility at a time when its business model appears to be in jeopardy, facing a new and aggressive push from the theater chain AMC to woo away MoviePass subscribers.
Since its conception in 2011, MoviePass has been seen as a cool idea coming at an ideal time for Hollywood—it allows subscribers to see as many as one movie every day for a low price, less than $10 per month, at participating theaters. WITH MOVIE THEATER ATTENDANCE ON THE DECLINE (LAST YEAR NORTH AMERICAN THEATERS SOLD 5.8 PERCENT FEWER TICKETS THAN IN 2016, falling to a 25-year-low), MOVIEPASS COULD BE A WAY TO ENCOURAGE PEOPLE TO GET OUT OF THE HOUSE, WHERE THEY HAVE DOZENS OF STREAMING OPTIONS, AND BACK INTO THE THEATER.
But MoviePass isn't the only one with that vision. AMC sees a subscription service as the answer to many problems, too. The country’s biggest theater chain recently launched its own movie subscription service, about double the price of MoviePass and with only three movies a week but offering theater rewards that MoviePass doesn’t as well as providing more tickets to the most desirable films.
Meanwhile, Helios and Matheson has been trying to restructure its finances since buying a controlling stake in MoviePass last year. While the subscription service has soared to some 3 million subscribers, Wall Street has serious concerns about its long-term promise.
Helios and Matheson’s stock price has been on a roller coaster since the MoviePass sale. It hit a high of $38.66 last fall, but by Monday it had fallen as low as 26 cents per share.
Investors have expressed concern about the liquidity of Helios and Matheson, which said in a spring filing that it had $15.5 million cash on hand, while an independent audit said the company’s ability to keep operating was in question around the same time.
This is one case where the fast growth of subscribers could prove a liability—investors worry whether Helios and Matheson can foot the bill for some 3 million customers watching 30 movies a month. No, most people probably don't use their passes that often, but the company still needs to be prepared for that reality, and in its current financial situation, that's not a sure thing.
SHAREHOLDERS WILL NEED TO APPROVE HELIOS AND MATHESON’S PLAN AT AN UPCOMING MEETING IN ORDER FOR IT TO BEGIN RAISING THE $1.2 BILLION.
Source:
https://www.forbes.com/sites/tonifitzgerald/2018/07/02/moviepass-may-survive-after-all-inside-its-new-bold-business-saving-plan/2/#
Technology
• Jul 4 2018 at 11:00 PM
• Updated Jul 5 2018 at 9:08 AM
•
NETFLIX'S CO-FOUNDER MITCH LOWE WANTS YOU TO TURN OFF NETFLIX
MITCH LOWE WHO CO-FOUNDED NETFLIX IS NOW CHIEF EXECUTIVE OF MOVIEPASS, A MONTHLY SUBSCRIPTION SERVICE THAT ALLOWS MEMBERS TO SEE A MOVIE A DAY.
• Share on twitter
BY MICHAEL BAILEY
MITCH LOWE MIGHT HAVE CO-FOUNDED NETFLIX, BUT NOWADAYS HE'S DESPERATE TO GET PEOPLE TO STOP WATCHING IT.
MR LOWE, WHO RAN A CHAIN OF VIDEO STORES IN CALIFORNIA WHEN HE MET REED HASTINGS AND MARC RANDOLPH IN 1997, AND WHOSE DVD DISTRIBUTOR CONTACTS WERE CRUCIAL TO THE SUCCESS OF NETFLIX'S EARLY MOVIE-IN-THE-MAIL BUSINESS, will be in Australia later this month to talk about THE CULTURE OF SELF-DISRUPTION WHICH CREATED THE $225 BILLION, 125 MILLION-SUBSCRIBER STREAMING GIANT OF TODAY.
"Reed created this no-micromanaging culture which let people figure it out, and GAVE THEM THE FREEDOM TO FAIL, AND MADE SURE THEY WOULD NOT BE EMBARRASSED TO EXPLAIN HOW THEY SCREWED UP, SO THAT EVERYONE COULD LEARN FROM IT AND NOT MAKE THAT SAME MISTAKE," MR LOWE TOLD THE AUSTRALIAN FINANCIAL REVIEW.
"But he would only let you fail once, because the objectives he set were so specific – it was like, lets get an extra 3 million subscribers in this demographic by December – and he had a genius in setting expectations for our investors just a little below what he went on to obtain."
As NETFLIX REACHES SATURATION POINT, ADVERTISERS HOPE THE PLATFORM WILL OPEN TO THEM AS A NEW REVENUE STREAM, BUT MR LOWE PREDICTED IT WOULD NEVER INTRODUCE AD BREAKS, OR EVEN AN AD-SUPPORTED FREE TIER.
"Reed is a purist, he's all about the one or two things you can do better than everyone else. Introduce ads, you dilute that and become just another service," Mr Lowe said.
"When your company name becomes a verb, you know you are on to a good thing," he added, REFERENCING THE "NETFLIX AND CHILL" EUPHEMISM FOR A HOOK-UP THAT WAS ADDED TO THE ONLINE "URBAN DICTIONARY" IN 2015.
However Mr Lowe left Netflix in 2003 and now runs a start-up called MoviePass, which relies on people turning off their Netflix and going out to the cinema.
MoviePass has amassed nearly 4 million subscribers since launching in the US in 2011, because its deal sounds too good to be true.
For a $US9.95 monthly subscription, members can see a movie a day – except for IMAX and 3D special features – and MoviePass pays the theatres the full price of the tickets.
It's the stuff of film-buff heaven, especially as a single ticket to the movies costs more than $US10 in many American cities.
And there is evidence that MoviePass has wrenched a few people away from their remote controls and reversed the decline in US movie attendance.
MR LOWE CLAIMS CREDIT FOR ONE-THIRD OF THE 9 PER CENT YEAR-ON-YEAR INCREASE IN TICKET SALES IN THE FIRST HALF OF 2018, and claims MoviePass attendances now account for 6 per cent of the entire annual US box office.
"MY FRIENDS AT NETFLIX STILL BELIEVE IN THIS CONTINUING TREND OF COCOONING, THAT EVERYONE WANTS TO WATCH EVERYTHING ON THEIR TV OR IPHONE. BUT I THINK WE'RE ENTERING A MORE EXPERIENTIAL PHASE – PEOPLE ARE CRAVING CONNECTION AGAIN, where you're in a big crowd watching a scary movie and everybody jumps at once."
But it may still prove too good to be true. MoviePass' parent just announced a $US1.2 billion capital raising to keep it afloat, because it is currently losing money on every new subscription and burnt though $US40 million in May alone.
Mr Lowe has been forced to rein in the party a little bit, preventing subscribers for seeing the same film more than once, and introducing a peak surcharge for what its algorithm deems are the most popular films.
THE ABILITY TO ATTRACT NEW SUBSCRIPTIONS MAY ALSO BE IMPACTED BY AMERICA'S LARGEST MOVIE THEATRE CHAIN, AMC, last month launching a rival subscription service, after months of its executives ridiculing the concept in the media.
ITS THE KIND OF UNDERHANDED TACTIC MR LOWE HAS SEEN BEFORE FROM AN INCUMBENT. BUSINESS LORE HAS IT THAT AT THE HEIGHT OF ITS BATTLE WITH NETFLIX, BLOCKBUSTER SENT SPIES TO INFILTRATE ITS WAREHOUSE AND E-COMMERCE OPERATION.
"I EVEN HAD A GANG, HIRED BY THE LOCAL TAXI INDUSTRY, PULL A PISTOL ON ME AND MY UBER DRIVER JUST AFTER UBER LAUNCHED IN PUERTO VALLARTA," HE SAID.
"The established guys whose whole focus is on protecting today's revenue are the ones who will be gone tomorrow."
Mr Lowe comforts himself that Spotify has finally forecast shrinking losses, after a decade of paying out more in royalties to record companies than it has collected in revenue from subscribers.
"SUBSCRIPTION MODELS REQUIRE PERSERVERANCE, BECAUSE THE ONES PEOPLE WANT TO JOIN ARE ALL-YOU-CAN-EAT, BUT THEY ALWAYS ATTRACT THE HEAVIEST USERS IN THE BEGINNING," HE SAID.
While he never expects to do better than break-even on the MoviePass subscriptions themselves, MR LOWE SAID HE WAS MONETISING HIS GROWING AUDIENCE VIA MARKETING PARTNERSHIPS WITH MOVIE STUDIOS, AND EVEN BUYING ORIGINAL CONTENT – A MOVE STRAIGHT FROM THE NETFLIX PLAYBOOK – AND THEN WRAPPING IT AROUND EXCLUSIVE EXPERIENCES FOR SUBSCRIBERS.
THE BUSINESS IS ALSO A POTENTIAL DATA GOLDMINE.
"SAY YOU'VE ORDERED A TICKET TO A HORROR MOVIE FROM US, BUT WE SEE YOU'VE ALSO SEEN SOME FAMILY FILMS LATELY, WE MIGHT ASSUME YOU'VE GOT KIDS AND SERVE YOU AN OFFER FOR A BABYSITTING SERVICE WITH THE TICKET," MR LOWE SAID.
HOWEVER MOVIEPASS COULD ONLY DO SO MUCH ITSELF IN GETTING PEOPLE BACK TO THEATRES.
"THE FOOD HAS TO GET BETTER AND MORE AFFORDABLE – EIGHT BUCKS FOR A SMALL BOX OF BAD POPCORN IS JUST RIDICULOUS – AND THE CONTENT HAS TO ADAPT TO THE TIMES," MR LOWE SAID.
"You can't just rely on two-hour slabs of studio-produced content – YOU SHOULD BE ABLE TO GO TO YOUR LOCAL CINEMA AND WATCH A SPORTING EVENT, OR BINGE ALL THURSDAY ON GAME OF THRONES WITH A PASS TO GET IN AND OUT. Attention spans are getting shorter and shorter and people are less willing to sit around for the length of your average movie."
MITCH LOWE GIVES THE KEYNOTE ADDRESS AT THE ONLINE RETAILER EXPO AND CONFERENCE, RUNNING 25-26 JULY IN SYDNEY.
Source:
https://www.afr.com/technology/netflixs-cofounder-mitch-lowe-wants-you-to-turn-off-netflix-20180704-h1288i
MITCH LOWE GIVES THE KEYNOTE ADDRESS AT THE ONLINE RETAILER EXPO AND CONFERENCE, RUNNING 25-26 JULY IN SYDNEY
HOME » SPEAKER » MITCH LOWE
MITCH LOWE
MOVIEPASS CEO, NETFLIX CO-FOUNDING EXECUTIVE
MITCH LOWE IS A TOP BUSINESS SPEAKER AND ENTERTAINMENT INDUSTRY SPEAKER, CEO OF MOVIEPASS, CO-FOUNDING EXECUTIVE OF NETFLIX, AND FORMER PRESIDENT OF REDBOX. Recently, he helped grow the MoviePass subscriber base from 20,000 to millions of subscribers. LOWE USES HIS EXPERIENCE FROM WORKING WITH SUCCESSFUL STARTUPS LIKE NETFLIX, REDBOX, AND MOVIEPASS TO TEACH ENTREPRENEURS HOW TO SIMPLIFY THEIR BUSINESS AND TO CREATE A WINNING CULTURE.
MITCH LOWE INVESTED IN AND BECAME CEO OF MOVIEPASS, Inc. in June 2016. MoviePass is a Movie Theater subscription service and is headquartered in New York City.
MITCH WAS A FOUNDING EXECUTIVE AT NETFLIX, INC., SERVING AS NETFLIX’S ENTERTAINMENT DOMAIN EXPERT AND AS VICE PRESIDENT OF BUSINESS DEVELOPMENT & STRATEGIC ALLIANCES FROM 1998 TO 2003.
In 2003 Mitch joined the investment group at McDonald’s to co-lead as COO and then as President, at Redbox, a DVD vending machine rental service, that UNDER HIS LEADERSHIP GREW TO 35K KIOSKS ACROSS THE US WITH REVENUE GROWING FROM LESS THAN $1M IN 2003 TO $1.5B IN REVENUE IN 2011 with over $325m in free cash flow.
Since then Mitch has made many personal investments in start-ups primarily in the entertainment, blockchain and social space. MITCH IS PASSIONATE ABOUT THE SUCCESS AND BUSINESS FULFILLMENT OF PEOPLE IN LARGE BUSINESSES AS WELL AS FIRST-TIME ENTREPRENEURS.
MITCH SITS ON THE BOARD OF CANTELOUPE SYSTEMS, BOOXBY, AND VIDBOX.
Source:
www.onlineretailer.com/speaker-profiles/mitch-lowe-co-founder/
HMNY: 'jross34 articles are found and provided with an option to read.
We are not the source writer(s) of any of the articles we present, jross34 communicate with the source writer(s), with ALL your Future (non-valid or valid) concern(s).
The source is typically at the end of the article on the page(s), we will continue to place limited validity in statements written as truth from as a non-sourced stranger on a message board.
Happy July 4th
Thank you
jross34 Tuesday, 07/03/18 11:26:04 PM
Re: Trevor11 post# 8580 0
Post #
9240
of 9252
you realize in Britain the theater owns the subscription plan and thus gets a huge discount on tickets, not some random company that pays full price.
HMNY: MOVIEPASS...UPPING MOVIE THEATER ATTENDANCE
MOVIE ATTENDANCE CAN MAKE OR BREAK BOTH THE FILM ITSELF AND THE CREW WHO WORK TO BRING THE FILM TO THE BIG SCREEN.
SERVICES LIKE MOVIEPASS...SEEM TO HAVE THE RIGHT IDEA WHEN IT COMES TO UPPING MOVIE THEATER ATTENDANCE.
PROMPT THEM TO SEE MOVIES THAT THEY WOULD OTHERWISE WOULD NOT.
MOVIEPASS HAS GIVEN FILM LOVERS A MEANS TO SEE CURRENT FILMS IN THEATRES
MOVIEPASS A DEAL, DESPITE RAISE IN PRICE
GINGER SIMONS | ENTERTAINMENT COLUMNIST
41 MIN AGO
(0)
MOVIEPASS HAS CHANGED THE GAME OF MOVIE ATTENDANCE IN A WAY THAT COULD MAKE KEEPING UP WITH CURRENT FILMS MORE ACCESSIBLE. However, the idea of paying ten dollars a month to see unlimited movies is a model that may prove to be too good to be true.
MoviePass CEO Mitch Lowe announced the service will soon implement a system of “surge pricing,” potentially adding an extra $2 onto high demand movies, according to his interview with Business Insider.
The announcement caused concern for subscribers of the service as a flat rate of $10 to see nearly unlimited movies isn’t as sustainable of a business model as the company initially thought. The changes could go into effect as early as this summer.
AMC was among the first theater chains to take issue with the service, and has since announced they will offer an alternative plan as a part of their AMC Stubs membership program called “AMC Stubs A-List” where customers can pay $20 a month to see up to three movies per week.
WITH ALL OF THE SPECULATION ABOUT MOVIEPASS’S SHORTCOMINGS, IT IS UNDENIABLE THEY’VE REVOLUTIONIZED THE MOVIEGOING EXPERIENCE. THE SERVICE ALREADY SERVES OVER THREE MILLION USERS, ACCORDING TO THE MOVIEPASS WEBSITE.
Though the pricing may change in the coming months, IT’S NOT YET TIME FOR MOVIEPASS FANS TO PANIC. EVEN WITH THE NEW CHANGES, A MOVIEPASS CAN STILL PAY FOR ITSELF WITH ONLY TWO FILM SCREENINGS.
MOVIEPASS HAS GIVEN FILM LOVERS A MEANS TO SEE CURRENT FILMS IN THEATRES WITHOUT SPENDING NEARLY $10 PER MOVIE, GIVING ALL THE MORE INITIATIVE TO SUPPORT MOVIES before they hit DVD or Netflix.
FOR COLLEGE STUDENTS, ESPECIALLY THOSE WITH AN INTEREST IN FILM, MOVIEPASS CAN BE AN EXCELLENT SERVICE that provides the means to stay engaged in current movies. With the digital age came streaming services that allow viewers to watch movies from the comfort of their own laptops and iPads, as well as the ability to pirate movies from unofficial websites.
“Central to the movie theater experience is feeling overwhelmed by the image—THE LARGE SCREEN OVER POWERS US AND MAKES US LOSE OURSELVES IN OUR IDENTIFICATION WITH THE ACTION,” NIU Communications professor Dr. Jeffrey Chown said. “Watching a film on your cell phone is about convenience, not about feeling that sense that the movie is immersive.”
According to a January report by The Verge, domestic movie theater attendance hit a 25-year low in 2017. While MoviePass has caused valid concern for chain theaters in regards to losing money on ticket sales, the alternative may very well be that more people favor waiting for movies to hit streaming services over seeing them in theaters.
WHILE THE CONVENIENCE OF HOME MOVIE VIEWING SERVICES CAN’T BE OVERSTATED, SOMETHING IS LOST IN THE TRANSLATION FROM THE BIG TO THE SMALL SCREEN. Movie screenings provide an environment where films can be viewed without distraction in a way that supports the film’s domestic box office numbers. WHEN A PERSON SEES A MOVIE IN THEATERS, IT’S A SIGN TO THE STUDIOS THAT THIS IS CONTENT THAT THE PUBLIC WANTS MORE OF.
“Now feature films are way behind television, video games, the internet, and even pop music,” said Chown. “STUDENTS THINK MOVIES ARE TOO EXPENSIVE, too oriented to teenagers, and not worth the effort.”
MOVIE ATTENDANCE CAN MAKE OR BREAK BOTH THE FILM ITSELF AND THE CREW WHO WORK TO BRING THE FILM TO THE BIG SCREEN. Film lovers and patrons should not be so quick to dismiss the experience of seeing a movie in the way that it was intended - on the silver screen.
SERVICES LIKE MOVIEPASS (as well as AMC’s rival model) SEEM TO HAVE THE RIGHT IDEA WHEN IT COMES TO UPPING MOVIE THEATER ATTENDANCE. With the costs of tickets often enough to deter a person from seeing a particular movie, these services allow viewers to engage more intimately in the movie viewing experience, as well as PROMPT THEM TO SEE MOVIES THAT THEY WOULD OTHERWISE WOULD NOT.
Soource:
https://northernstar.info/entertainment/moviepass-a-deal-despite-raise-in-price/article_f36533e8-7d6e-11e8-a411-577d0cb9d8bf.html
BELOW
PREVIOUS ARTICLE
(FOR THOSE WHO HAVE NOT SEEN IT)
HMNY: STOCK CHART TECHNICAL ANALYSIS FOR JUNE-29-2018,
CENTRALCHARTS.COM
CLICK BELOW FOR VIDEO:
https://www.centralcharts.com/en/2739-helios-and-matheson-analytic/news/1583504-helios-and-matheson-analytics-inc-hmny-stock-chart-technical-analysis-for-06-29-18
Source for Chart 2:
https://www.cnbc.com/quotes/?symbol=hmny
HMNY: WHY STOCK POPPED 35% TODAY,...INVESTORS SHOWING CONFIDENCE
INVESTORS ARE RESPONDING POSITIVELY
...CERTAIN INVESTORS ARE SHOWING CONFIDENCE IN HELIOS' VIABILITY BY CONVERTING THEIR WARRANTS INTO EQUITY
SHORT COVERING IS CERTAINLY ONE POSSIBLE EXPLANATION
HELIOS AND MATHESON ANALYTICS INC (HMNY) AFTER HOURS TRADING
DATA AS OF 06/29/2018 19:59:41 -
Source
https://www.nasdaq.com/symbol/hmny/after-hours
WHY HELIOS AND MATHESON STOCK POPPED 35% TODAY
A BIG CHUNK OF HELIOS' WARRANT OVERHANG IS GETTING CLEARED UP TODAY.
RICH SMITH
(TMFDITTY)
JUN 29, 2018 AT 5:23PM
WHAT HAPPENED
After falling steadily for most of the week -- a fall finally broken by yesterday's $0.02 hopscotch higher -- SHARES OF MOVIEPASS OWNER HELIOS AND MATHESON ANALYTICS (NASDAQ:HMNY) SURGED DEFINITIVELY HIGHER ON FRIDAY, CLOSING UP 34.7% AND COMPLETING A ROUND TRIP BACK TO THE PRICE IT FETCHED PRECISELY ONE WEEK AGO.
SO WHAT
WHY THE SUDDEN TURNAROUND? SHORT COVERING IS CERTAINLY ONE POSSIBLE EXPLANATION. Another is THAT INVESTORS ARE RESPONDING POSITIVELY to an 8-K filing that the MoviePass owner made with the SEC this morning.
As detailed in that filing, Helios has agreed with owners of certain warrants (to buy stock) that it had previously issued to exchange those warrants for actual shares of Helios stock at a 1-to-0.85 ratio, converting 26.6 million warrants into 22.6 million shares -- and SPARING HELIOS' OTHER SHAREHOLDERS 4 MILLION SHARES WORTH OF STOCK DILUTION in the process.
As part of the agreement, THE ACQUIRERS OF THE NEW SHARES HAVE ALSO AGREED NOT TO SELL ANY OF THEM BEFORE EITHER JULY 23, 2018, or the date Helios shareholders approve a reverse stock split of their stock -- whichever date comes first.
THE SUMMER THRILLER THAT IS HELIOS AND MATHESON CONTINUES TO ENTHRALL STOCK AUDIENCES.image source: getty images.
NOW WHAT
My guess is it's a combination of these two factors that gave Helios stock a helping hand today. On the one hand, CERTAIN INVESTORS ARE SHOWING CONFIDENCE IN HELIOS' VIABILITY BY CONVERTING THEIR WARRANTS INTO EQUITY. At the same time, they're promising not to sell their new shares for about a month, which may relieve some downward pressure on the share price.
Still, I have to say I'm a bit surprised at the amount of upward pressure we're seeing today. After all, if these are the warrants I'm thinking of, they were originally only valuable in the event Helios climbed above $5.50 (or even $6.50) a share -- a goal that now seems a long way off. Seems to me, the folks who converted warrants today got a steal of a deal even at a 15% haircut.
Rich Smith has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Source:
https://www.fool.com/investing/2018/06/29/why-helios-and-matheson-stock-popped-35-today.aspx
(hyperbole is not plausible, articles are found and provided with an option to read.)
MightyX, True
HMNY: STOCK CHART TECHNICAL ANALYSIS FOR JUNE-29-2018,
CENTRALCHARTS.COM
CLICK BELOW FOR VIDEO:
https://www.centralcharts.com/en/2739-helios-and-matheson-analytic/news/1583504-helios-and-matheson-analytics-inc-hmny-stock-chart-technical-analysis-for-06-29-18
Source for Chart 2:
https://www.cnbc.com/quotes/?symbol=hmny
BELOW
PREVIOUS ARTICLE
(FOR THOSE WHO HAVE NOT SEEN IT)
HMNY: WHY STOCK POPPED 35% TODAY,...INVESTORS SHOWING CONFIDENCE
INVESTORS ARE RESPONDING POSITIVELY
...CERTAIN INVESTORS ARE SHOWING CONFIDENCE IN HELIOS' VIABILITY BY CONVERTING THEIR WARRANTS INTO EQUITY
SHORT COVERING IS CERTAINLY ONE POSSIBLE EXPLANATION
HELIOS AND MATHESON ANALYTICS INC (HMNY) AFTER HOURS TRADING
DATA AS OF 06/29/2018 19:59:41 -
Source
https://www.nasdaq.com/symbol/hmny/after-hours
WHY HELIOS AND MATHESON STOCK POPPED 35% TODAY
A BIG CHUNK OF HELIOS' WARRANT OVERHANG IS GETTING CLEARED UP TODAY.
RICH SMITH
(TMFDITTY)
JUN 29, 2018 AT 5:23PM
WHAT HAPPENED
After falling steadily for most of the week -- a fall finally broken by yesterday's $0.02 hopscotch higher -- SHARES OF MOVIEPASS OWNER HELIOS AND MATHESON ANALYTICS (NASDAQ:HMNY) SURGED DEFINITIVELY HIGHER ON FRIDAY, CLOSING UP 34.7% AND COMPLETING A ROUND TRIP BACK TO THE PRICE IT FETCHED PRECISELY ONE WEEK AGO.
SO WHAT
WHY THE SUDDEN TURNAROUND? SHORT COVERING IS CERTAINLY ONE POSSIBLE EXPLANATION. Another is THAT INVESTORS ARE RESPONDING POSITIVELY to an 8-K filing that the MoviePass owner made with the SEC this morning.
As detailed in that filing, Helios has agreed with owners of certain warrants (to buy stock) that it had previously issued to exchange those warrants for actual shares of Helios stock at a 1-to-0.85 ratio, converting 26.6 million warrants into 22.6 million shares -- and SPARING HELIOS' OTHER SHAREHOLDERS 4 MILLION SHARES WORTH OF STOCK DILUTION in the process.
As part of the agreement, THE ACQUIRERS OF THE NEW SHARES HAVE ALSO AGREED NOT TO SELL ANY OF THEM BEFORE EITHER JULY 23, 2018, or the date Helios shareholders approve a reverse stock split of their stock -- whichever date comes first.
THE SUMMER THRILLER THAT IS HELIOS AND MATHESON CONTINUES TO ENTHRALL STOCK AUDIENCES.image source: getty images.
NOW WHAT
My guess is it's a combination of these two factors that gave Helios stock a helping hand today. On the one hand, CERTAIN INVESTORS ARE SHOWING CONFIDENCE IN HELIOS' VIABILITY BY CONVERTING THEIR WARRANTS INTO EQUITY. At the same time, they're promising not to sell their new shares for about a month, which may relieve some downward pressure on the share price.
Still, I have to say I'm a bit surprised at the amount of upward pressure we're seeing today. After all, if these are the warrants I'm thinking of, they were originally only valuable in the event Helios climbed above $5.50 (or even $6.50) a share -- a goal that now seems a long way off. Seems to me, the folks who converted warrants today got a steal of a deal even at a 15% haircut.
Rich Smith has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Source:
https://www.fool.com/investing/2018/06/29/why-helios-and-matheson-stock-popped-35-today.aspx
HMNY: WHY STOCK POPPED 35% TODAY,...INVESTORS SHOWING CONFIDENCE
INVESTORS ARE RESPONDING POSITIVELY
...CERTAIN INVESTORS ARE SHOWING CONFIDENCE IN HELIOS' VIABILITY BY CONVERTING THEIR WARRANTS INTO EQUITY
SHORT COVERING IS CERTAINLY ONE POSSIBLE EXPLANATION
HELIOS AND MATHESON ANALYTICS INC (HMNY) AFTER HOURS TRADING
DATA AS OF 06/29/2018 19:59:41 -
Source
https://www.nasdaq.com/symbol/hmny/after-hours
WHY HELIOS AND MATHESON STOCK POPPED 35% TODAY
A BIG CHUNK OF HELIOS' WARRANT OVERHANG IS GETTING CLEARED UP TODAY.
RICH SMITH
(TMFDITTY)
JUN 29, 2018 AT 5:23PM
WHAT HAPPENED
After falling steadily for most of the week -- a fall finally broken by yesterday's $0.02 hopscotch higher -- SHARES OF MOVIEPASS OWNER HELIOS AND MATHESON ANALYTICS (NASDAQ:HMNY) SURGED DEFINITIVELY HIGHER ON FRIDAY, CLOSING UP 34.7% AND COMPLETING A ROUND TRIP BACK TO THE PRICE IT FETCHED PRECISELY ONE WEEK AGO.
SO WHAT
WHY THE SUDDEN TURNAROUND? SHORT COVERING IS CERTAINLY ONE POSSIBLE EXPLANATION. Another is THAT INVESTORS ARE RESPONDING POSITIVELY to an 8-K filing that the MoviePass owner made with the SEC this morning.
As detailed in that filing, Helios has agreed with owners of certain warrants (to buy stock) that it had previously issued to exchange those warrants for actual shares of Helios stock at a 1-to-0.85 ratio, converting 26.6 million warrants into 22.6 million shares -- and SPARING HELIOS' OTHER SHAREHOLDERS 4 MILLION SHARES WORTH OF STOCK DILUTION in the process.
As part of the agreement, THE ACQUIRERS OF THE NEW SHARES HAVE ALSO AGREED NOT TO SELL ANY OF THEM BEFORE EITHER JULY 23, 2018, or the date Helios shareholders approve a reverse stock split of their stock -- whichever date comes first.
THE SUMMER THRILLER THAT IS HELIOS AND MATHESON CONTINUES TO ENTHRALL STOCK AUDIENCES.image source: getty images.
NOW WHAT
My guess is it's a combination of these two factors that gave Helios stock a helping hand today. On the one hand, CERTAIN INVESTORS ARE SHOWING CONFIDENCE IN HELIOS' VIABILITY BY CONVERTING THEIR WARRANTS INTO EQUITY. At the same time, they're promising not to sell their new shares for about a month, which may relieve some downward pressure on the share price.
Still, I have to say I'm a bit surprised at the amount of upward pressure we're seeing today. After all, if these are the warrants I'm thinking of, they were originally only valuable in the event Helios climbed above $5.50 (or even $6.50) a share -- a goal that now seems a long way off. Seems to me, the folks who converted warrants today got a steal of a deal even at a 15% haircut.
Rich Smith has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Source:
https://www.fool.com/investing/2018/06/29/why-helios-and-matheson-stock-popped-35-today.aspx
Hellifino1, true
MightyX, this is Good stuff thanks.
HMNY: BRITAIN HAS HAD THIS MODEL FOR A_WHILE_NOW,_AND_RELIABLE_SUCCESS
BRITAIN HAS HAD THIS MODEL FOR A WHILE NOW, AND ITS RELIABLE SUCCESS
IT SHOULDN’T BE THIS DIFFICULT TO DEVELOP A TRULY UNLIMITED CINEMA SUBSCRIPTION PLAN.
MOVIEPASS IS DAMAGING HOPE FOR THEATER SUBSCRIPTIONS
BRITS,… WHO HAVE BEEN USED TO UNLIMITED MOVIE DEALS FOR MANY YEARS…UNLIMITED DEALS FROM AROUND £18 A MONTH (ABOUT $24).
THE PACKAGE IS SOLD AS AN ALL-IN-ONE NIGHT OUT FOR MOVIEGOERS: GET YOUR TICKET, GET YOUR DISCOUNTED SNACKS, THEN GO OUT FOR A DISCOUNTED MEAL.
FOR NOW, IT MAY BE TOUGH TO GET USERS TO SWITCH FROM MOVIEPASS
MOVIEPASS IS DAMAGING HOPE FOR PROPER THEATER SUBSCRIPTIONS
• BY KAYLEIGH DONALDSON
• – ON JUN 27, 2018
• IN SR ORIGINALS
BRITAIN HAVE BEEN DOING CINEMA SUBSCRIPTIONS FOR YEARS
The confusion over the cinema subscription model in America has proven only more unusual to BRITS, WHO HAVE BEEN USED TO UNLIMITED MOVIE DEALS FOR MANY YEARS. BOTH ODEON AND CINEWORLD, THE DOMINANT CINEMA CHAINS IN THE COUNTRY, OFFER FULLY UNLIMITED DEALS FROM AROUND £18 A MONTH (ABOUT $24). These subscriptions also come with discounts on food, the ability to book tickets, and deals with major dining chains. THE PACKAGE IS SOLD AS AN ALL-IN-ONE NIGHT OUT FOR MOVIEGOERS: GET YOUR TICKET, GET YOUR DISCOUNTED SNACKS, THEN GO OUT FOR A DISCOUNTED MEAL. These subscription deals aren’t just good deals for movies; they’re full experiences.
While prices have increased with inflation, the British cinema subscription model has remained steady in popularity and cost efficiency. With the average 2D adult ticket costing around £10, depending on one’s location, a subscription offers the best in value for money, particularly if you live in a major city where prices are higher. BRITAIN HAS HAD THIS MODEL FOR A WHILE NOW, AND ITS RELIABLE SUCCESS makes the confusion and uncertainty surrounding MoviePass all the more baffling.
Crucially, though, it's considerably more expensive than MoviePass, which means that despite the near truth to the "unlimited" nature (customers can see as many movies as they want, with the only cap being on prebookings), it comes across as a less viable deal to many. A COMPARABLE OFFER TO WHAT CINEWORLD AND ODEON DO WOULD STRUGGLE IN THE US BY COMPARISON TO MOVIEPASS.
WHAT NEXT FOR THE CINEMA SUBSCRIPTION MODEL?
The battle now is between the big flashy appeal and the quieter but more sustainable long-term model. FOR NOW, IT MAY BE TOUGH TO GET USERS TO SWITCH FROM MOVIEPASS to A-List, simply because they’ll have to pay more. Eventually, however, it seems inevitable that MoviePass will either go away or drastically change their own model to reflect that of their competitors. That means fewer films a month, more fees or more caveats. And that will be hard to broach. Once you’ve set the bar at $10 a month for unlimited movies, everything else will struggle in comparison. General audiences will stick to what they know, and avid moviegoers will go where they get the most tickets for the least amount of money. A lot of fans may not care all that much about cheaper popcorn or discounted dinner deals, especially at the expense of the movie tickets themselves.
IT SHOULDN’T BE THIS DIFFICULT TO DEVELOP A TRULY UNLIMITED CINEMA SUBSCRIPTION PLAN. Ultimately, this is a problem that runs deeper than the mere price of tickets. Theater owners are struggling to bring in attendees as competition gets tougher and the cinema experience less enjoyable. There is clearly a market for it and, as proven by the British cinema chains, it’s one that’s completely viable in the long-term.
Eventually, audiences loyal to MoviePass will have to realize how impossible that budget business model is. The barrier is that when they’ve so thoroughly priced everyone out the market, competition becomes impossible and the future for cinema subscription deals becomes ever murkier.
Source:
https://screenrant.com/moviepass-cometitors-theater-subscription/2/
HMNY: FROM MOVIEPASS CEO MITCH LOWE’S, REDDIT AMA
8 THINGS WE LEARNED FROM MOVIEPASS CEO MITCH LOWE’S REDDIT AMA
POSTED ON WEDNESDAY, JUNE 27TH, 2018 BY HOAI-TRAN BUI
As MoviePass‘ troubles persist, CEO Mitch Lowe has taken to Reddit to speak directly to its subscribers. Lowe participated in a Reddit AMA on Tuesday, answering questions about the popular ticket-buying service’s money problems, its plans for the future, and just what’s up with Gotti.
Here are a few things we learned from Lowe’s lengthy Reddit AMA.
HOW IS MOVIEPASS REALLY MAKING MONEY?
Lowe skirted around questions about the subscription service’s parent company, Helios and Matheson Analytics, taking a massive hit in stocks and effectively losing millions of dollars each month. However, in the Reddit AMA, he said that this is all part of the plan. “It takes a lot of investment and significant losses in order to build a multibillion dollar entertainment company,” Lowe wrote. “Look at Spotify, Netflix and Amazon – there are many different companies that lost money for years and are only now turning a profit.”
So how long will it be until MoviePass turns a profit? Five, 10 years? Sooner than that, Lowe promised.
In our case, we plan to break even on our subscription model by the end of the year. The reason we keep our price low is to attract the occasional moviegoer. There are more than 200 mil occasional moviegoers in the U.S., who only go to the movies 4-5 times a year without MoviePass and 9-10 times a year when they join MoviePass. If we get enough occasional moviegoers to offset the frequent moviegoer, everything will balance out.
But at the insanely low price of $9.99 a month, can MoviePass even hope to break even in six months? Lowe seems optimistic, even listing off plans to build a profit in the future, including “selling ads, engaging in brand partnerships and creating our own content.”
SURGE PRICING
Every new feature MoviePass introduces seems to be met with only loud disdain, or at least confused indifference. And surge pricing seems to be the most polarizing of all. Unveiled just last week for monthly subscribers, MoviePass will now charge higher prices for tickets and showtimes that are in higher demand. Lowe defended the decision on his Reddit AMA:
The new peak pricing feature is also aimed at helping to curb heavy use, or supplement that use with more revenue. The important thing is that we’re building peak pricing to be flexible, we can tweak it as needed.
He wouldn’t reveal the algorithm through which MoviePass determines peak pricing, but more often than not it will apply to “opening weekend big blockbuster hits.” Lowe stressed that peak pricing is optional. Subscribers will get one “peak pass” per month, Lowe said, and will be able to find out in advance which films are “experiencing or approaching Peak Pricing and how much that will cost.”
AMC’S COMPETING TICKET-BUYING SERVICE
Lowe isn’t worried about AMC launching their own ticket subscription service, AMC Stubs A-List. “AMC’s launch is a great validation of what we’ve been saying for years,” Lowe said, “in order to compete with streaming services, consumers want a subscription model.”
In summary: AMC is just jumping on the train that we started. Lowe’s further statements on AMC continue to be ever-so-slightly shady (the feud continues!), stating, “Even though we’re a little disappointed in AMC for not supporting the model earlier, we understand it was a business tactic and they’re a competitor now.” But he invited the competition, proclaiming, “it’s competition that will just make us better.”
However, Lowe seemed to jump to the defensive when another Reddit user asked what was keeping him/her from moving to AMC’s subscription service:
Again, we’re still a startup. AMC is an established presence in the industry, and it was much easier for them to launch a subscription plan. Ultimately, our mission is to provide our members with an amazing value that allows you to see movies not only at AMC, but also at Regal, Cinemark, and independent theatres across the country. We plan to continue providing a service that gives you the freedom to attend 4x as many theatres as AMC does.
CUSTOMER SERVICE IMPROVEMENTS
One of MoviePass’ biggest criticisms when it rose to popularity was the poor customer service. It had many wondering just how many on staff the company had, and Lowe admitted that when they first lowered prices, MoviePass only had a team of “around 8 or 10.” But the company has since expanded to over 90 employees, not including their customer service team.
MoviePass has since announced concerted efforts to better their customer service, but that seems to have been put on the backburner in the wake of the dozen other initiatives MoviePass keeps introducing. But Lowe assured that this will change (though sadly we’ll still be stuck with that clunky in-app messaging app):
Next week we are increasing the number of support agents by 50%. We’ll continue to add more, but we want to make sure we hire the right folks and they all have the time to go through two weeks of support training before they start to answer to customers.
FAMILY PLAN
You can soon bring a friend to a movie, but what about your family? Lowe promised that MoviePass is still working hard at introducing a family plan, which Helios and Matheson Analytics CEO Ted Farnsworth had mentioned earlier this month:
We’re still a relatively small team and are working on a few other features first, but we really believe in the family plan and are excited to launch it in the future!
With other subscription services like Sinemia introducing their own family plans, it seems likely that MoviePass will want to jump on this as soon as possible.
WHY THEY WON’T BRING BACK REPEAT VIEWINGS
Another unpopular feature MoviePass recently introduced was the loss of repeat viewings. MoviePass had put in safeguards to prevent people abusing the service. One of these safeguards — in addition to the ticket stub photo uploads — was preventing repeat viewings. Lowe explained it wasn’t a major repeat problem that MoviePass was seeing, but “It was people buying for their friends and sharing accounts, not necessarily scalping outside the theater.” Better safe than sorry.
THE NEXT ROTTEN TOMATOES PLAN?
MoviePass recently acquired the movie website MovieFone, announcing the purchase with sweeping claims that it would be their own Rotten Tomatoes. But Lowe expanded on that, explaining that their goal is to have “MoviePass to become the premier destination for leaning about movies, through both trailers and other types of content”:
Regarding Moviefone, the website has not gone away and we are integrating this service by jointly developing content that will be seen on both the Moviefone and MoviePass sites. This is a work in progress as well. Finally, we plan to build out our ‘night at the movies’ next year. It’s a busy time for MoviePass, but we’re making progress towards these initiatives.
MOVIEPASS VENTURES COULD LEAD TO SPECIAL SUBSCRIBER SCREENINGS
One of MoviePass’ most baffling initiatives is the launch of MoviePass Ventures, a subsidiary of Helios which would allow MoviePass to co-acquire movies for distribution. The first movies that came out of this initiative were American Animalsand Gotti, which have proven to be a mixed bag for MoviePass, which is ostensibly losing money with these films. But Lowe seems confident in this venture, saying that it could potentially even lead to special events or advanced screenings for subscribers:
Three reasons [we launched MoviePass Ventures]: 1) by investing in movies, we have greater opportunity to create special events and advanced screenings for our subscribers 2) by partnering with fillm-makers and distributors, we generate higher profits from licensing and downstream sales 3) we support the independent film community.
However, Lowe did not address the reports of ticket and user review inflation that have surrounded the notoriously badly reviewed Gotti.
WHAT DID MITCH LOWE REALLY THINK OF GOTTI?
“I saw Gotti and I didn’t look at my watch once!”
Source:
www.slashfilm.com/moviepass-ceo-reddit-ama/
Awesome angeloh
angeloh, Thank you very much.