The price increase will take effect "within the next 30 days", the company said in a news release. MoviePass last week had blamed this on technical issues, but a subsequent SEC filing revealed that the real reason why members using the card were stranded at the box office had to do with the lack of cash in the company's bank accounts. After hitting rock bottom last week when the ticking service ran out of cash, the company was forced to borrow a $6.2 million loan to turn the app back on. Most recently MoviePass simply ran out of money and, as a result, folks over the previous weekend weren't able to buy movie tickets. Movies opening on more than 1,000 screens will have limited MoviePass availability for the first two weeks, unless a studio partners with MoviePass for a special promotion. Shares of AMC Entertainment Holdings (AMC.N), the biggest US movie theater chain which offers a rival ticket service, jumped 7.5 percent in midday trading.
MoviePass said the change was being made "in an effort to maintain the integrity of the MoviePass mission, to enhance discovery and to drive attendance to smaller films and bolster the independent film community".
Implementation of additional tactics to prevent abuse of the MoviePass service. While no one likes change, these are essential steps to continue providing the most attractive subscription service in the industry. MoviePass CEO Mitch Lowe reportedly told employees in an all-hands meeting that the app wouldn't include access to "Christopher Robin" or "The Meg" for its customers. As a movie ticket can cost anywhere from $8-$20, you can see why the company is running out of money. This is no different than other in-home streaming options that often don't carry the latest shows or movies that may be available on other services.
MoviePass already did that with the new "Mission Impossible" movie, which opened this past weekend.
Amazon profit rises but sales growth could slow
The firm said it would raise the price of Prime memberships in the USA by $20, but that doesn't seem to have deterred consumers. It also announced the general availability of Amazon Neptune, a fast, reliable, and fully-managed graph database service .
In addition to the aforementioned measures, MoviePass reiterated that it aims to gain revenue by other streams, including selling data from its subscribers to third parties and continued rollout "and refinement" of the Peak Pricing program.
Demi Lovato's Thursday concert in Atlantic City may have been canceled, but the singer and her music were still celebrated. Despite initial reports claiming she overdosed on heroin, a source close to the singer denied she was using that drug.
That made him one of the highest-paid CEOs in the country past year , according to an Equilar review of S&P 500 companies. Forbes estimates Moonves' net worth at $700 million and calls him one of the highest paid CEOs in the United States.
However, Nats GM Mike Rizzo held a press conference on Tuesday morning saying the team is not trading Harper. The Phillies are a 0.5 game ahead of the Braves and 5.5 games ahead of the Nationals in the NL East.
Just like the iPhone X, the next Google Pixel phone will boast a controversial notch at the top of the elongated screen. Earlier reports did say that the Pixel 3 phones will sport a glass sandwich design to support wireless charging.
The performance of Geraint Thomas in this year's Tour de France may signal the end of the Chris Froome era as we know it. But he at least salvaged a podium finish after dropping to fourth overall following Friday's last mountain stage.
The cyclist is expected to fly into the United Kingdom later on Monday - but it is not yet known when he will be back in Wales. He was second after stage nine and took hold of the race leader's yellow jersey on stage 11.
According to NASA scientists: "The exact colour that the moon appears depends on the amount of dust and clouds in the atmosphere". Thousands of people will be able to see the total eclipse when the full moon slips into the Earth's shadow .
She was covering the clashes, when an IDF drone was spotted above the demonstrators, attacking them with tear gas. It was only in 2008 when two boats carrying 40 people successfully managed to reach the coast of Gaza.
Lacazette completed his brace and made it 3-1 to the Gunners in the 71st minute with another header that sailed in off the post. The Gunners are now in Singapore , where they will take on French giants Paris Saint-Germain in a friendly on Saturday.
Mourinho's dark mood casts shadow over Manchester United
And Mourinho is angry at United's failure to deliver all the transfer targets he identified at the start of the summer. For Mourinho's sake, if he is only going to get one more player in the transfer window, it better be this guy.
The Manafort trial: Opening statements begin
But once Mueller's Russian Federation investigation ends, Giuliani told Reuters: "He has a right to consider it". Ellis, said prosecutors rightfully "followed the money paid by pro-Russian officials" to Manafort.
Grace Mugabe immunity 'an error of law', court finds
It says condoning such behaviour, as the granting of immunity did, can not possibly be in the interest of South Africa. Mugabe denied the allegations, saying she was acting in self defense against an "intoxicated and unhinged" Engels.
50 years on, McDonald's isn't messing with its Big Mac
More than 14,000 McDonalds restaurants will be taking part in the scheme to bring customers back to the fast-food chain. The Big Mac, since it arrived fifty years ago, has become ubiquitous as a mainstay of speedy, beefy goodness.
Major car exporters to meet over US tariff threat
China opted to retaliate by hitting where it hurts trump most - by undermining support for Trump's policies among farmers. USA soybean production has doubled since the mid-1990s and total exports have doubled since the mid-2000s.
Klopp reveals why Liverpool won't sign another defender
The Reds go head to head with United in MI tonight as part of their preparations for the new Premier League season. We played reasonably well with a lot of kids at the end, but when we run out of gasoline, it is goodbye.
Polar bear shot dead after attacking cruise ship guard
According to Hapag Lloyd Cruises , all of its cruise ships traveling in the region are obliged to have polar bear guards aboard. The Associated Press reports that arctic tourism in the region has risen sharply in the last few years.
Hamels on being a Cub: "It's a dream come true"
In the midst of a relatively weak trade market for starting pitching, the Cubs were one of the teams pursuing Blue Jays lefty J.A. The Cubs got the left-hander Friday, trading pitchers Eddie Butler and Rollie Lacy and a player to be named to Texas.