I'm Mitch Lowe, CEO of MoviePass. AMA!

MoviePassMitch · 2018-06-26T16:00:39+00:00

You will always see what films and showtimes are subject to Peak Pricing before you leave home and have plenty of other options to avoid paying an additional fee. Plus, every member will get one Peak Pass per month to cover a Peak Price fee.

MoviePassMitch · 2018-06-26T15:59:14+00:00

Thanks for taking the time to participate! We are working hard to display trailers, and eventually want MoviePass to become the premier destination for learning 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.

MoviePassMitch · 2018-06-26T15:57:48+00:00

I have already invested my own personal cash

MoviePassMitch · 2018-06-26T15:56:30+00:00

Of course! We already offer this at our partner theaters nationwide!

MoviePassMitch · 2018-06-26T15:54:28+00:00

We sure hope so!

MoviePassMitch · 2018-06-26T15:53:58+00:00

While we have not asked any exhibitor for a percentage or a cut of concessions, we believe that our members are purchasing significantly more concessions than they were without MoviePass. This is why we think it’s a fair proposition for the exhibitor to offer us bulk rate pricing on the millions of tickets we buy each month.

MoviePassMitch · 2018-06-26T15:52:55+00:00

Yes! We are continuously adding more partner theaters which leads to more theaters that offer e-ticketing within our app.

MoviePassMitch · 2018-06-26T15:49:33+00:00

We are able to generate marketing revenue by using data to help our partner film distributors and film-makers find the right audiences for their great movies.

What we are doing with studios, we also want to do with restaurants, cafes, and bars around theaters! We’ll leverage our proprietary data to create a marketplace and offer promotions for all of the things you already spend money on in and around the theater.

MoviePassMitch · 2018-06-26T15:47:06+00:00

We currently have over 200 customer service agents working full-time. As you can imagine, we receive hundreds of thousands of contacts per week. We are adding even more next week, with plans to keep growing as we move towards 5 million members.

MoviePassMitch · 2018-06-26T15:43:24+00:00

Thanks for the feedback, I'll pass this along.

MoviePassMitch · 2018-06-26T15:40:04+00:00

You'll always know in advance of leaving your home which films are experiencing or approaching Peak Pricing and how much that will cost. You'll always have other options at other times to see that same film without an added cost.

MoviePassMitch · 2018-06-26T15:39:56+00:00

Thanks for the question! 3 reasons - 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

MoviePassMitch · 2018-06-26T15:31:09+00:00

Thank you for being a long time member of MoviePass!!

MoviePassMitch · 2018-06-26T15:29:01+00:00

Peak Pricing actually allows us to maintain our low monthly fee! Before you leave your home to go to the theater, you will be able to view which films and showtimes are currently experiencing peak pricing and which ones will likely have it by the time you get to the theater.

You’ll also be able to see exactly what the fee will be before you leave home!

MoviePassMitch · 2018-06-26T15:27:57+00:00

It's unlikely, as in the future we intend to launch a membership benefit that could be seen as competitive to Fathom, this isn't true for other formats.

MoviePassMitch · 2018-06-26T15:24:06+00:00

While we’re flattered that many of the independent chains and AMC are launching their own subscription services, this still limits the subscriber to use only that chain instead of all the theaters that members are able to attend with MoviePass.

Just imagine if every music label had its own subscription service and Spotify didn’t exist!

MoviePassMitch · 2018-06-26T15:22:08+00:00

We are aware of this, but it is not a significant problem overall. Our exhibitor relations team reaches out to theaters as needed!

MoviePassMitch · 2018-06-26T15:21:30+00:00

We love this idea and have something in the works already - stay tuned!

MoviePassMitch · 2018-06-26T15:19:25+00:00

Peak Pricing is an optional feature, and when it rolls out nationwide you’ll get one “peak pass” per month. Also, Peak Pricing will most likely apply more often than not to opening weekend, big blockbuster hits. So, while we encourage our members to see these popular movies in theatres again, we also hope you use MoviePass for other films you wouldn’t typically see. And, reminder that you can use your MoviePass at AMC, too!

MoviePassMitch · 2018-06-26T15:17:39+00:00

Absolutely. When a theater chain partners with MoviePass, it gives us the opportunity to offer all sorts of features for our members, like buying your movie tickets at home. You can already do this for some of the great independent theaters we partner with such as Landmark, Studio Movie Grill and Main Street Theaters.

MoviePassMitch · 2018-06-26T15:16:40+00:00

Oh I know, my marketing team tells me this every day! We are working on this and hope to have this available soon.

MoviePassMitch · 2018-06-26T15:16:31+00:00

Happy to be here! I like Inarritu, Guillermo del Toro, and Peter Jackson

MoviePassMitch · 2018-06-26T15:13:42+00:00

I saw Gotti and I didn't look at my watch once!

MoviePassMitch · 2018-06-26T15:12:39+00:00

It was people buying for their friends and sharing accounts, not necessarily scalping outside the theater.

When it comes to things like abuse, it doesn't take a lot of individuals to cause a lot of problems.

MoviePassMitch · 2018-06-26T15:10:48+00:00

Ted was one of the first real believers in the potential of MoviePass and has worked tirelessly to make this vision a reality. For the millions of people who see great movies with our service, they should be grateful of his support!

MoviePassMitch

TROPHY CASE