MoviePass recently surpassed the 1 million subscriber mark. The movie ticket subscription service boasts major gains since decreasing its price this summer.
Mitch Lowe is the CEO of MoviePass, and he joins Cheddar to explain why the company has experienced such growth. Lowe explains that the pass is a great deal for most consumers if they go to the movie theater once a month.
This summer, Helio and Matheson acquired a majority stake of the subscription company and since has had a turbulent run. HMNY has experienced major dips in recent weeks. Lowe, as the CEO of MoviePass, said he was unable to reflect on the parent company's stock movement, but feels confident that MoviePass revenue and the data potential associated with the service could prove useful for HMNY.
Lauren Fix, automotive expert with 'The Car Coach,' spoke with Cheddar News to provide tips and advantages on buying a used vehicle. "You let somebody else take the depreciation, which is probably one of the best things ... you then move in at a two- or three-year-old vehicle that maybe was leased, and you can get some great values," she said.
Disney said it's increasing prices for its ad-free streaming services as the company is losing subscribers and also announced it planned to crack down on password-sharing. Cheddar News' Michelle Castillo broke down Disney's moves.
Lawrence Sprung, a certified financial planner and author of 'Financial Planning Made Personal' shares advice about how to teach kids to use credit wisely.
Tapestry, the parent company of luxury handbag Coach and Kate Spade, agreed to buy Capri Holdings, the owner of fashion brands including Michael Kors, Versace and Jimmy Choo.
