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Netflix Co-Founder’s Crazy Plan: Pay $10 a Month, Go to the Movies All You Want
SOME of us 20th century folks never thought it possible to watch movies or tv shows on our computers and before that we never thought about being able to watch movies at home. So would you pay for this going to the movie service? You would have to get dressed and jump in your car, take a bus a train to get to the movie theater. NAW THIS AIN’T GONNA WORK!
As movie theaters struggle with tepid sales, Mitch Lowe has an extreme proposal for how to get more people into seats: Let them come to all the showings they want for about the price of a single ticket each month.
Lowe, an early Netflix Inc. executive who now runs a startup called MoviePass, plans to drop the price of the company’s movie ticket subscriptions on Tuesday to $9.95. The fee will let customers get in to one showing every day at any theater in the U.S. that accepts debit cards. MoviePass will pay theaters the full price of each ticket used by subscribers, excluding 3D or Imax screens.
More from Bloomberg.com…..