AMC Slams MoviePass and Threatening Legal Action – LP 200

AMC Slams MoviePass and Threatening Legal Action

Subscribers can watch a daily movie and pay only $ 9.95 for a month. Perhaps this is an interesting news, but it leads to strong legal disputes between the parties involved. MoviePass is using a plan to raise funds from sales to cover its pricing model. It will allow customers to watch a movie every day in the theater for $ 9.95 a month.

AMC Theatres has threatened MoviePass with a lawsuit.Why ?

the largest theater chain in the US " AMC" was strongly suggested that the MoviePass model was unsustainable.

It is clear from this point of view that this is quite a sensitive issue that affects the revenue of the movie theater and the factors involved in investing in new films.

AMC's stock has been hit hard in recent weeks after it announced disappointing quarterly earnings. So lowering the plan for 2017 is almost a compulsory measure.

Other information about MoviePass:

MoviePass is a subscription-based service for going to movie theaters available in the United States. The service gives members across the country the ability to see up to one 2D movie every 24 hours for a fixed monthly fee. Members may choose which theaters they wish to attend and there are no “blackout dates”. Prices vary by local market and start at $10 per month.

MoviePass was launched in February 2011 and is headquartered in New York City.It is backed by major investors including True Ventures, AOL Ventures, WME, NaLa Pictures, Lambert Media, Brian Lee, Diego Berdakin, MJ Eng, Ryan Steelberg, and Adam Lilling.

Video from : Lucy protopnail channel – Part : World News

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AUGUST,2017.