MoviePass CEO Lowe on Path to Profitability

The transcript discusses MoviePass's strategy to increase customer visits and concession sales, its legal challenges with major theater chains, and its partnerships with independent theaters. It draws parallels with Netflix and Redbox, highlighting the importance of technology and data in retail. The discussion also covers financial strategies, comparing MoviePass's approach to Netflix's early years, emphasizing the need for investment to build consumer value and re-energize the business.

What is one of the main strategies MoviePass uses to increase customer visits?

• Providing discounts on movie merchandise

• Partnering with streaming services

• Encouraging visits to nearby restaurants

• Offering free movie tickets

How does MoviePass aim to improve the movie distribution system?

• By reducing ticket prices

• By targeting the right audience for films

• By offering exclusive content

• By partnering with online platforms

What challenge does MoviePass face with major theater chains?

• Competition from streaming services

• High operational costs

• Legal actions to block their service

• Lack of interest from independent theaters

What comparison is made between MoviePass and Netflix?

• Both focused on physical retail stores

• Both faced skepticism from industry giants

• Both started with high profits

• Both offered live streaming services

What financial strategy is MoviePass prepared to undertake?

• Focusing solely on online sales

• Investing heavily to build consumer value

• Partnering with international theaters

• Cutting costs by reducing staff