They had hoped to get enough users that they could become a major market influencer with promotions. I still think that model could work. That is why I invested big ($250) on them.
Sent from my iPhone > On Sep 15, 2019, at 8:40 AM, Ken Hohhof <[email protected]> wrote: > > Seems to be another case of sell below cost and make it up on volume. > > Specifically, their strategy seems to have been to sell subscriptions for > $10/mo allowing you to watch up to 30 movies per month, yet if you watched > even 2, they lost money. They got investors to make up the difference > between revenue and costs. Apparently they thought if they got enough > subscribers, the theater chains would be forced to negotiate discounts with > them. > > What could go wrong? > > 1) The money would run out. > 2) The theater chains would offer their own subscription services. > 3) All of the above. > > A surprising number of big name companies lose tremendous amounts of money > selling below cost, with investors making up the difference. Like Uber. I > suspect all the new video streaming services are selling below cost to get > market share. Eventually there is always a day of reckoning. Either the > investors lose their money and the company fails, or the prices get jacked > up. But investors keep throwing cash at these startups, hoping to get in on > the next Amazon. > > > From: AF <[email protected]> On Behalf Of Bill Prince > Sent: Sunday, September 15, 2019 9:14 AM > To: [email protected] > Subject: Re: [AFMUG] OT stock for sale > > Get any Enron? > > bp > <part15sbs{at}gmail{dot}com> > > On 9/14/2019 7:46 PM, Chuck McCown wrote: > Oh, I had some of that too! > > Sent from my iPhone > > On Sep 14, 2019, at 6:50 PM, Rex-List Account <[email protected]> wrote: > > Willing to trade for MCI stock? > > From: AF [mailto:[email protected]] On Behalf Of [email protected] > Sent: Saturday, September 14, 2019 4:20 PM > To: [email protected] > Subject: [AFMUG] OT stock for sale > > Anyone want my moviepass stock. Make you a good deal. > > > Virus-free. www.avg.com > > -- > AF mailing list > [email protected] > http://af.afmug.com/mailman/listinfo/af_af.afmug.com > > > > -- > AF mailing list > [email protected] > http://af.afmug.com/mailman/listinfo/af_af.afmug.com
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