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AMC's CEO thought he was so smart and defiant by eliminating what he saw as a competitor, yet was, in reality, probably the largest individual block purchaser o
by listenallyall 7y ago
AMC's CEO thought he was so smart and defiant by eliminating what he saw as a competitor, yet was, in reality, probably the largest individual block purchaser of AMC movie tickets. Meanwhile in the midst of this bull market, AMC's stock hit an all-time low just last month, from which it has recovered slightly (still trading about 65% below 2016). With some tweaking to its ticket availability, MP could have been these over-extended theater chains' golden goose -- huge surge in off-peak ticket sales with zero marketing cost to the theater -- yet they failed to recognize it, instead, actively sought to crush it.
- throwawaythekey 7y agoMajor cinema chains in Australia went one step further and would actively block your payment from going through if they detected you were using a moviepass like product. After becoming frustrated with my payments being rejected I reached out to one of the cinemas. I explained to the likely overworked support worker that they were essentially both turning down free money and being hostile to me personally as a customer by refusing my payment method. As I should've known the support was powerless to do anything but repeat "we are not associated with product x". Suffice to say I no longer offer unsolicited advice to theatre chains.
- ajdlinux 7y agoWhat kind of MoviePass-like products were operating in AU?
- throwawaythekey 7y agoSinemia. From the start of 2018 until the start of 2019 IIRC.