Moviepass employees have been forced to change the passwords of some users. The goal is to prevent users who use the card the most from going to the movies.
The history of Moviepass is complex. It is a subscription service in which, for a fixed monthly fee, users could go to the cinema as long as they want, but the plans have changed so many that it is difficult to know the limitations they currently have due to the opaque restrictions to do so. with movie tickets. The business model involved paying directly for user inputs expecting a bulk purchase discount and selling usage data, which has not yet worked and the company is not profitable.
Everything indicates that they continue with serious liquidity problems since a serious problem has arisen in which the management would prevent users from using their services. For this they decided to change the passwords of the users who are using the cards the most to go to the movies more, all in an attempt to stop the liquidity drain they are having since it is normal for someone to want to make a profit from their subscription.
Moviepass prevents users from using the services they have paid for
This is yet another of the company's attempts to stay afloat after several investment rounds with varying results without finding a good level of profitability. Added to this is showing a complete room when there were still some tickets available to sell, mostly in the most requested rooms.
It has not arrived here yet nor is it expected due to the problems it has and the complications that such a system would have in Spain. Such a system without a deal with wholesale theaters is unworkable, so unless they get a deal with theaters the MoviePass business is doomed.
Source IGN
