I think you’re underestimating the leverage MoviePass could have over cinemas (and thus the studios who dictate terms to cinemas). As an extreme example, imagin

I think you’re underestimating the leverage MoviePass could have over cinemas (and thus the studios who dictate terms to cinemas). As an extreme example, imagine MoviePass tells AMC that if they don’t cut some rev share deal, MoviePass will turn off AMC support and drive their price-sensitive customers to competing cinemas.