Parent of MoviePass raises prices, cuts service; shares sink

Service Outage Mission Impossible Cast Doubt on Future of Movie Pass

Things came to a head this past weekend when many MoviePass members found that Mission: Impossible - Fallout was completely unavailable on the app. But users won't be able to see blockbusters with their MoviePass anymore.

Under the standard plan, moviegoers are allowed to see up to one movie a day. If by some wing and a prayer MoviePass miraculously survives this, God knows all of this is taking a toll on its reported 3 million subscribers.

The price increase will take effect "within the next 30 days", the company said in a news release.

HMNY filed a statement with the Securities and Exchange Commission indicating that the company borrowed the money to fix a "service interruption".

Many subscribers are reporting that MoviePass is nearly completely shut down, apparently except for Landmark Theaters, where the company has an exclusive deal.

Because it typically pays theaters the full cost of tickets - which can be $15 or more in big cities - a movie or two can put the service in the red. The app went through a series of confusing changes and overhauls over the past week that concluded with users being unable to view any movie listings on the app except for those from e-ticketing theaters.

[H]ardOCP: EA’s Subscription Service Origin Access Premier Launches Next Week
If you're looking for a game that just launched, Origin (or EA Access, a similar plan for the Xbox One) isn't for you. The Basic tier will also give you access to The Vault , which will be "a library of games that keeps growing".

First Run Movies opening on 1,000+ Screens to be limited in their availability during the first two weeks, unless made available on a promotional basis.

Implementation of additional tactics to prevent abuse of the MoviePass service.

As Business Insider revealed, this weekend's Christopher Robin and The Meg won't be available either - and by the way, both of those movies are now featured on the MoviePass app's "Coming Soon" section; perhaps they ought to fix that. Subscribers would have to pay a surcharge of up to $8 for popular, high-demand movies. "This is no different than other in-home streaming options that often don't carry the latest shows or movies that may be available on other services", he said.

While it would be ideal for MoviePass if its customers stuck to cheaper movies, such as dollar theaters, doing so would eliminate the appeal for subscribers. "While no one likes change, these are essential steps to continue providing the most attractive subscription service in the industry", said CEO Mitch Lowe.

But, Variety notes, this is only a temporary measure for MoviePass, which has been burning through its cash since it first implemented its radical price drop from $50 a month to $10 a month in August of previous year.

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