A Whittle Bit of Commentary with Chad Whittle
Below is a rush transcript (may contain errors):
How would you like to binge watch movies at your local theater for around the price of a monthly Netflix subscription? Well now you can according to Yahoo.
Mitch Lowe an early Netflix executive runs a company now called MoviePass that is dropping the price of their movie ticket subscription service to $9.95 per month and with this service you can watch one movie per day at any U.S. theater that accepts debit cards, excluding 3D or IMAX screens.
Before the price drop you had to fork out $30 or more per month for this service, so the question is is this price point sustainable enough to keep MoviePass in business? They’ve thought about that too so in order to try to stay in business long enough to make a profit they’ve sold some stakes in the company to some investors and are planning to eventually use all the data they receive from their subscribers on their viewing behavior and market promotional materials and ads to them, which is nothing new, that’s what Facebook, Google and the rest of the web does.
No doubt this is a good deal, but my question is are there enough movies per month worth watching to justify having this service? And of course the answer is no, because most movies are not worth watching for many reasons including that they’re not any good.
I’m Chad Whittle on A Whittle Bit of Commentary.
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© 2017 Chad Whittle