Red Hood

Just finished it reading. It's basically done. MP is dead.

Decker

My app right now :

DJariya

Well, they just billed me $9.95 on the 23rd.

Not sure now if I should try to make the most of this or cancel anyways because they appear to be days away from completely going under.

Maybe I'll try to see 1 more (non-peak pricing) show and then call it a day as that would essentially pay for this month.

DaveNinja

Sad. There are no AMCs around here. I'll mainly miss going to see the art house films at the theater a few blocks from my house

dex14

Even if you cancel now, you'll still get service for the rest of the month.

dex14

Maybe Sinemia would work for you?

DJariya

Cool. Will be heading to my app and cancelling so I won't forget. No way am I giving them another $10 to support this train wreck.

dex14

And hey... if for some reason it comes back and works... 9 months from now is April... just in time for the next blockbuster season!

Abob Teff

This may look like I am padding my prognosticating skills ... unfortunately I had a family emergency (everybody is OK except for the car) and never made it back yesterday to make two predictions ...

The first was to predict the “technical difficulties” were that they failed to pay their credit card processor. I suspected this the last time they had the “service outage” earlier this month. It was fairly obvious since the e-ticketing was still working.

The second was to set today’s over/under at $4.00. Yesterday I had it at $7.50 and I think they closed a bit under $7.00.

The biggest sign of doom over the last few weeks has been their unwillingness to talk about subscriber numbers at the shareholder meetings. If your “growth” was still on track, you’d have been touting how much past 3 million (the last benchmark) you are. Instead they kept pushing “we’ll be at 5 million by the end of the year” without any real information. Churn and burn ... two important factors in customer base that they wouldn’t talk about. How many have they lost and how fast were they dropping?

Abob Teff

Really? I thought they canceled it right away. I’ve been sitting on mine for another couple of weeks just in case I can get some use out of it.

DJariya

Cancelled. Sad to let it go, but the end is inevitable.

May try to get a few more runs with it if they can pay their bills.

But, the peak pricing is what is killing it for me and others. I didn't pay for a glorified discount coupon card to see the movies.

dex14

From my cancellation email:

It also states this in the app before you cancel.

Abob Teff

Congratulations Ted Farnsworth! Keeping the streak alive ...

Share price is $2.50. Equivalent of 1 cent/share before the split.

From an article posted last October:

http://www.bloomberg.com/amp/news/ar...peouts-in-past

DJariya

https://deadline.com/2018/07/tom-cru...ut-1202435040/

Deadline has a write up on the Mission Impossible outage.

One of the biggest movies of the summer opens this weekend and they don't want to pay for it.

DJariya

Just realized I have to pay for Halloween 2018 out of pocket at a Regal theater when it comes out in October. Otherwise I won't get the 4 free digital codes for the movies that were part of the Universal/Regal promotion because I've seen 3 of the 4 (thanks to Movie Pass)

But, I don't really mind of this one as I was going to see it anyways with or without that damn card.

dex14

Maybe they will launch their own deal by then.

fujishig

The hits keep coming today. That connection with the Indian firm accused of fraud which was reported earlier in the thread, but in more detail:

https://www.businessinsider.com/movi...e-fraud-2018-7

Parent company is being accused of securities fraud, though few details so far, and it just seems like a class action suit with some lawyers hungry for money (newsflash: there is no money):
https://finance.yahoo.com/news/share...180233570.html

DJariya

How long is this $5M bailout loan going to last them? 1 week maybe 2?

I would be shocked if they somehow survive 1 more month.

Obi-Wanma

Probably not, but they weren't burning through cash as fast either, as they only had something like 20,000 subscribers before they launched the $9.99 price point.

Obi-Wanma

I mentioned that a week or so ago. I also noticed that some movies that I've already seen aren't grayed out at my local e-ticketing theater, even though they are at other theaters.

fujishig

Considering the card processor still hasn't reauthorized them, so the only people who can use the service today are people who use eticketing, they might coast a bit. But only because the service is basically completely down.

dfmaverick2

About a year ago, I used to have a Regal near me, and I had one movie to see to finish off a set of 4 to get the digital codes. I missed the movie at my local theater, so I bought a ticket online (or through the app) to the movie at a Regal theater in Texas for cheap.....I live in Minnesota.

Of course, I never actually went to the movie but still received the codes.

tonyc3742

I need to see Halloween as well.
I suffered through truth or dare, I need to see something to balance it out.
Just signed up for amc alist. Pretty sure mp wont last the summer and that's being generous.

DJariya

I just checked the app and got a message saying they're still having issues as of 3pm ET.

What a disaster for this company.

I bet cancellations are happening in droves.


Edit: Mission Impossible is now unblocked, but with a $6 surcharge, if you can check in...

stingermck

Yup. They have run out of money.

https://www.theverge.com/2018/7/27/1...n-out-of-money