Unlimited movie-theater deal could be too good to survive

NEW YORK — MoviePass is trying to bring to movie theaters what Netflix did for DVDs and online streaming: Let subscribers watch as many movies as they want for $10 (C$12.59) a month.

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In doing so, MoviePass has struck a chord with moviegoers and a nerve with the movie industry.

For many people, going to the movies is worth it only a few times a year. Ticket prices keep rising, and moviegoers have plenty of cheaper alternatives, including Netflix.

MoviePass believes it can get people to theaters more often. Major theater chains and movie studios aren’t so sure, putting MoviePass’ business plan at risk.

Subscribers with MoviePass can watch a movie a day, be it a splashy blockbuster or an indie movie contending for the Oscars.

Though MoviePass works at most theaters, it has key restrictions: It excludes pricier 3-D and Imax showings and most advance online sales. And even if everyone in a group has a subscription, tickets must be purchased individually. Subscribers also complain that MoviePass responds too slowly, or not at all, when there’s a problem.

Nonetheless, the thrill of the bargain has sparked interest. MoviePass said Thursday that it signed up a half-million subscribers in less than a month, bringing the total to 2 million.

“I’ve seen a little over a dozen movies, which is way more than what I would have without it,” said Cassie Langdon, a

Article source: http://www.msn.com/en-ca/money/companies/unlimited-movie-theater-deal-could-be-too-good-to-survive/ar-BBIZIxZ?srcref=rss