Buy limit @ 6.91
(2c above the fib line)
This is a long-term HODL because I own a Moviepass and LOVE IT!
The bear side is they're burning through cash and the business model doesn't work. It'll take time but the CEO stated they will be profitable when they hit 4 million subscribers.
I think AMC will come crawling back to HMNY with their original proposition of sharing 20% concession profits and $3 movie vouchers. Moviepass CEO closed 50 AMC theaters for be accessible for the moviepass card. Kind of a smart, leverage move. The theaters that are closed will see a possible drop in revenue.
Read: MoviePass helped drive record attendance at Studio Movie Grill cinemas
https://www.marketwatch.com/story/moviepass-helped-drive-record-attendance-at-studio-movie-grill-cinemas-2017-12-08
Read: How MoviePass plans to make money from its mor than 1 million subscribers: https://www.marketwatch.com/story/moviepass-plans-to-make-money-by-selling-your-data-to-uber-eateries-and-hollywood-studios-2017-10-13
They're following the Netflix route of co-acquiring movies. Creating content then publishing it in theater's.
Read: MoviePass reveals its true ambitions at Sundance
https://www.marketwatch.com/story/moviepass-reveals-its-true-ambitions-at-sundance-2018-01-22
http://fortune.com/2018/01/20/moviepass-says-it-will-start-acquiring-films-directly/
