*By: Madison Alworth* AMC Theaters rolled out its MoviePass competitor Tuesday, dealing another blow to a company that's been hemorrhaging money and trying one strategy after another to stay afloat. "MoviePass's business model is fundamentally an unprofitable one," said Rob Marvin, associate features editor of PCMag.com, in an interview with Cheddar last week. "They are subsidizing movie tickets for millions of people." [The company, owned by data firm Helios & Matheson, charges customers $10 a month and allows them to see, essentially, a movie a day.](https://cheddar.com/videos/amcs-latest-blow-to-moviepass-goes-live) AMC's Stubs A-List, by contrast, charges twice as much per month and lets users see up to 3 movies a week. MoviePass's model has been criticized as unsustainable and the business lost $150 million last year. To reverse those fortunes, the service has made various changes. Earlier this year it faced backlash for seeming to end its unlimited movie offer and last week announced that it will introduce a kind of surge pricing, charging users more to see popular movies at high-demand times. In an attempt to sweeten the bad news, MoviePass said members will be able to "Bring-A-Guest" and buy one extra ticket directly on the MoviePass app. And members will be able to see IMAX and 3D movies for an additional fee. The struggles highlight the fear among many users that MoviePass's offer may be too good to be true. "As a MoviePass user myself, it's been great," Marvin said. "I hope I'm wrong, but I don't think this is going to last forever. We're just riding this out for as long as we can go." For the full segment, [click here.](https://cheddar.com/videos/moviepass-will-cost-you-more)

Share:
More In Culture
Washington Governor Jay Inslee Signs Uber, Lyft Driver Pay Guarantee Into Law
Uber and Lyft drivers are cruising in Washington State, the first U.S. state to set an earnings standard for drivers for the ride-hailing companies. Governor Jay Inslee signed the new minimum pay standard into law Thursday, which also gives drivers access to perks like paid sick time and family medical leave. John Logan, Director of Labor and Employment Studies at San Francisco State University, joins Cheddar News' Closing Bell to discuss.
NFT Network Tripsters to Allow NFT Owners to Combine Two NFTs to Create New, Unique NFT
A new NFT network claims it is disrupting the art market, and is doing so by following in the footsteps of art legends Andy Warhol and Jean-Michel Basquiat. Tripsters says it is creating a new and revolutionary concept in the NFT space, by allowing users to combine two NFTs in order to create a new third NFT. Tripsters says the feature will be compatible with multiple NFT collections in the future, but the first Tripsters' airdrop will be compatible with the Bored Ape Yacht Club collection. Jayson Winer, co-founder of Tripsters, and Oskar Kowalski, a senior advisor for the startup, join Cheddar News' Closing Bell to discuss.
Tips for Filing Your Taxes This Year
Mark Steber, chief tax information officer at Jackson Hewitt, joins Cheddar News to talk about what you need to know before filing your taxes this year.
Jane Seymour Stars as an English Professor Who Solves Crimes in 'Harry Wild'
Actor, author, and entrepreneur Jane Seymour joined Cheddar News to talk about her new mystery series Harry Wild, streaming in the U.S. exclusively on Acorn TV. "It's really a wonderful independent woman who's changing her life. You know, she's been an academic, and now she's using her academia to solve crimes," she said about the title character, who uses her knowledge as an English professor to help her solve crimes being investigated by her police detective son.
Music in the Metaverse
The metaverse may be the next big thing in the music world. Cheddar News’ Michelle Castillo sat down with Jon Vlassopulos, VP and head of music at Roblox, to discuss virtual concerts and more.
Impact Suite Announces New Updates to 'Lift' App
The impact of the pandemic on people's wellbeing has shown a need for easier access to mental health care. Impact Suite is a digital platform that owns and operates a suite of self-care apps. Clay Olsen, founder and CEO of Impact Suite, joins Cheddar News to discuss the new updates to its 'Lift' app.
Load More