CEO Mitch Lowe's bid to target semiregular patrons with a $9.95 monthly deal is on pace for 3 million subscribers by April but needs much more to make a profit.
Yeah, it's going to be very interesting to see how this unfolds for them, particularly if you consider that now they're investing in indie film, which turns out to be the type of film that Moviepass users most frequent. http://deadline.com/2018/01/moviepass-film-finance-moviepass-ventures-sundance-film-festival-1202262786/
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Thanks for sharing. I've been wondering about this for awhile.
Yeah, it's going to be very interesting to see how this unfolds for them, particularly if you consider that now they're investing in indie film, which turns out to be the type of film that Moviepass users most frequent. http://deadline.com/2018/01/moviepass-film-finance-moviepass-ventures-sundance-film-festival-1202262786/
Yeah, have to agree with Mark. That's what they're banking on. Mark, what's your take on their success with investing in independent films?
Mark, thanks. I know this is your arena. Really appreciate you taking the time to share your knowledgeable insights!