{"id":6357,"date":"2021-11-13T21:46:18","date_gmt":"2021-11-14T02:46:18","guid":{"rendered":"https:\/\/cinemadailyus.com\/?p=6357"},"modified":"2023-12-12T03:28:04","modified_gmt":"2023-12-12T08:28:04","slug":"moviepass-positions-itself-for-second-run","status":"publish","type":"post","link":"https:\/\/cinemadailyus.com\/?p=6357","title":{"rendered":"MoviePass Positions Itself For Second Run"},"content":{"rendered":"<p>MoviePass, the movie theater ticket service that skyrocketed to popularity in 2017 and spiraled into bankruptcy protection two years later.<\/p>\n<div style=\"position:absolute;left:-99195px;\"> online pharmacy <a href=\"http:\/\/orthomich.com\/css\/krem\/gif\/lipitor.html\">buy lipitor online<\/a> with best prices today in the USA <\/div>\n<p> MoviePass\u2019s co-founder Stacy Spikes is hoping for an encore.<\/p>\n<div style=\"position:absolute;left:-99195px;\"> online pharmacy <a href=\"http:\/\/orthomich.com\/css\/krem\/gif\/keflex.html\">buy keflex online<\/a> with best prices today in the USA <\/div>\n<p> Last week, Spikes bought the once-thriving company from bankruptcy last week with yet-undisclosed plans to relaunch the venture.<\/p>\n<p>MoviePass got its start in 2011 as a purveyor of flick tix, offering everything but the popcorn to moviegoers who psid  a month \u2013 later dropped to  &#8212; for a subscription to a service that allowed them unlimited access to movie titles.<\/p>\n<div style=\"position:absolute;left:-99195px;\"> online pharmacy <a href=\"http:\/\/orthomich.com\/css\/krem\/gif\/azithromycin.html\">buy azithromycin online<\/a> with best prices today in the USA <\/div>\n<p> (During its years of operation, a wide variety of pricing plans and options were available, leading to the charge that the service was too cumbersome for consumers). By slashing its fees, MoviePass was banking on the hope that a larger subscriber base would give it considerable leverage in negotiating terms with film studios and distributors. Within two years, however, the deal proved unsustainable and the company was forced into bankruptcy.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p>In announcing the company\u2019s resuscitation last week, Spikes told <i>Insider<\/i>: \u201cI can confirm that we acquired MoviePass out of bankruptcy on Wednesday. We are thrilled to have it back and are exploring the possibility of relaunching soon. Our pursuit to reclaim the brand was encouraged by the continued interest from the moviegoing community. We believe, if done properly, theatrical subscription can play an instrumental role in lifting moviegoing attendance to new heights.\u201d<\/p>\n<p>Details about Spikes\u2019s purchase remain sketchy, though some industry sources are reporting he spent less than the $250,000 minimum asking price sought last year during a bankruptcy auction by Helios and Matheson, MoviePass\u2019s parent company, which had estimated the service\u2019s valuation at between $1 and $10 million.<\/p>\n<p>As audiences return to theaters after the pandemic, it remains to be seen whether MoviePass\u2019s new incarnation will significantly alter the ticketing process and return a profit to its investors. The scheme already faces competition from similar ventures by theater chains such a AMC (Stubs A-List), Regal (Unlimited) and Alamo Drafthouse (Season Pass), and there is some speculation that audiences might increasingly<span class=\"Apple-converted-space\">\u00a0 <\/span>prefer to watch their movies at home.<\/p>\n<p>Then again, lockdown-weary folks may prefer the century-old practice of queuing up in person for their Saturday night flicks fix. Stay tuned.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MoviePass, the movie theater ticket service that skyrocketed to popularity in 2017 and spiraled into bankruptcy protection two years later. online pharmacy buy lipitor online with best prices today in the USA MoviePass\u2019s co-founder Stacy Spikes is hoping for an encore. online pharmacy buy keflex online with best prices today in the USA Last week,&#8230;<\/p>\n","protected":false},"author":3,"featured_media":6358,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[32],"tags":[337,2764,5363,5369,5362,5365,5367,5364,5368,5366],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>MoviePass Positions Itself For Second Run | Cinema Daily US<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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