Sean O'Connell, managing editor for CinemaBlend, breaks down the war between AMC Theaters and MoviePass, the app that allows users to go to one movie a day for just $10 a month. MoviePass recently removed 10 AMC theaters from its app.
O'Connell says it's a bold move considering the app needs theaters to thrive. AMC knows MoviePass's model is beneficial to theaters but is worried about what will happen if the app eventually fails.
O'Connell believes MoviePass's growth is sustainable but will eventually taper off just like Netflix did in its early days. He says there has to be some give and take with MoviePass and theater companies.
On this episode of ChedHER: Melissia Hill, Founder and CEO of Ooshie, breaks down the challenges of growing a business, and the rise of Black women entrepreneurs; Sandra Velasquez, Founder of Nopalera, explains why she turned down investors on Shark Tank, and what she looks for in investors; Freada Kapor Klein, Founding Partner of Kapor Capital, talks about ways to close the equity gap; Ashley Tyrner, CEO and Founder of FarmboxRx, is this week's female founder spotlight of the week.
Actor Keanu Reeves joined Cheddar News this week to talk about the fourth sequel project its place in the franchise and how filming John Wick has impacted his life.
Beyonce and Adidas agreed to end their 'Ivy Park' partnership, according to reports, amid a wave of rumors that the agreement didn't yield the expected results.
