Posted by William Charles on October 27, 2019
Deals

Published on October 27th, 2019 | by William Charles

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MoviePass Has Shut Down (AmEx Prorated Refund)

Update: Looks like American Express cardholders will be offered a prorate refund automatically, if you don’t see it on your next statement then contact American Express. Hat tip to Travel With Grant

Original post: According to Business Insider movie subscription service MoviePass will shut down this Saturday. Parent company Helios and Matheson Analytics will be looking to sell MoviePass and associated companies Moviefone and MoviePass Films. MoviePass was exceptionally popular when it first launched, but as they tried to reduce losses it became more and more difficult to use. The latest update to MoviePass we shared was that the app would go dark for months to update. If you have an existing MoviePass membership it’s unlikely you’ll be able to receive any sort of refund directly, but you can always try to issue a charge back with your credit card issuer. Earlier this year competitor Sinemia also shut down operations.



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Parts Unknown
Parts Unknown

Shocking.

Vy
Vy

That sucks, but no one is surprised. All the red flags were there and then some.

MoviePass’ subscription business model was never sustainable to begin with. If you ask me, MoviePass’ competitors won’t fare much better in the long term.

Ben p
Ben p

Not much competitors if you ask me.

Chucks
Chucks

I think theater-specific subscription programs really could fare pretty well. Theaters make their money from snacks as is, so more traffic=more revenue. Their costs or lost revenue from printing a ticket for you is minimal in most circumstances. And plenty of people sign up and forget about it. Or subscribers will bring along non-subscribers.

anthonyjh21
anthonyjh21

About time. It circled the toilet long enough to give me vertigo.

Frito Pendejo
Frito Pendejo

Sad, their antics were entertaining news

JohnnyBoyJr
JohnnyBoyJr

They created 2 main problems for themselves:
1) Dropping the price from $50 to $10 overnight. Their company couldn’t handle it.
2) Making tons of people mad by not having the proper staff and not having the bugs worked out of their app.
Had they decreased the price $5-10/mo until they got to $10, they would’ve lasted longer.
Oh. And they actually cancelled ME due to non-use.
Overall, I broke even/came out slightly ahead. It was a good experiment.

Yana
Yana

And AMC has no needs to keep the A-List program anymore. They can either double the price or just cancel it entirely.

captainsave
captainsave

If they want everyone to jump to Regal unlimited

Geo
Geo

Unless you’re buying lots of concessions, neither chain is making money off the programs, so both will die soon or see significant changes.

Celia
Celia

I haven’t been to a theatre that was sold out in years. AMC gets $22/mo to fill seats that were already empty. And they have huge markups on their concessions. Unlike MP, they don’t have to pay the full price of a ticket since A-List can only see AMC movies. They’ll keep it as long as they make money from it.

Ethan
Ethan

Was great while it lasted. Here in NYC, the $10/month MoviePass made it a no-brainer for me and my girlfriend to start seeing movies much more frequently, both new releases and older films being brought back for special screenings. Seeing even a single movie each month more than paid for the service; after that, a midnight showing of “Alien” or “Die Hard” was basically a free date. Obviously unsustainable as a business model, but damn if those weren’t some fun months.

Joe
Joe

I do feel a subscription is the future of movie theaters. $10 was a terrible idea

Tran
Tran

Bought movie pass while it was still being sold at Costco. Then once things started going down, I issued a refund through Costco. Maximized all the benefits 🙂

Andrey
Andrey

Honestly ever since Moviepass started having a lot of issues several months ago I cancelled and now rarely go to the movies. We only have Cinemark here and their subscription service sucks so they’ve lost almost all business from me and my SO.

john mccann
john mccann

If Hollywood actually put out quality movies(The Shape of Water) and not a superhero of the month I’d go see a few. But,I guess that’s what sells.

Dubya
Dubya

Interesting concept. So you’re saying they should stop putting out movies that make hundreds of millions in favor of movies that make tens of millions. I’m going to go out on a limb and say math was not your best subject.

john mccann
john mccann

Math has nothing to do with it. Quality is the key word. They’ll keep on churning out moneymakers forever. English not your best subject? I’m done here.

Geo
Geo

Fortunately for us, most people don’t agree with your version of quality, according to the box office. Business isn’t a subject you understand either, apparently.

Dick Bupkiss
Dick Bupkiss

“No one ever went broke underestimating the intelligence of the American public.”

The Wisdom of Crowds. Yeah, sure.

john m
john m

There’s no business like show business.

Matt
Matt

“The Shape of Water” made about ten times its budget at the box office.

“Avengers: Endgame“ made about eight times its budget at the box office.

Maybe business isn’t a subject YOU understand, lol.

Making quality, smaller-budget movies is a perfectly valid strategy for making money in Hollywood (and outside of Hollywood).

Eric
Eric

Wait, you’re not being sarcastic?

Matt
Matt

“The Shape of Water” made about ten times its budget at the box office.

“Avengers: Endgame“ made about eight times its budget at the box office.

Maybe math wasn’t YOUR best subject, lol.

Making quality, smaller-budget movies is a perfectly valid strategy for making money in Hollywood (and outside of Hollywood).

JoeHx

Hopefully this means my share of H&M stock will be worth more than a penny again.

Gibunono
Gibunono

Should it be AMC rather than AmEx?

Mark
Mark

This is shocking. What’s next, Sears Shop Your Way?

Parts Unknown
Parts Unknown

Pretty sure Moviepass was based on reloading a prepaid card so watch out for that prorated clawback from Amex in 14 months.

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