MoviePASS was once a cinephile dream. Throughout 2010, the company allowed users to pay a monthly fee to watch a movie daily in theaters. In 2018, it costs $ 9.95 to subscribe. This is less than what some theaters accused one Show movies, not to mention 30, and the company Go below After one year.
Now, MoviePASS, describing a coding brand. On Thursday, the company revealed “Mogul”, which allows users to fill the lists and predict films that are preparing to win the box office and what actors will withdraw most of the awards. The product, available for American players, uses a coin inside the game and built on Sui Blockchain.
Stacy Specice, CEO of MoviePass luck The coin is just like “Monopoly Money” and that they have not decided whether it’s real “until now. He added that the only information that the statute on Blockchain is the data related to games, such as the player’s performance.
The CEO of Mogul’s design, such as the Predictive Prediction Market, or a language where betrayals can be able to gamble to money around those who believe, will win the elections and other realistic events. However, he and his team eventually decided against him.
“When you (you) speak to ordinary people and say” Chefir “, this means that you are doing a mechanical, you do something that Trump does, you do Dukwin … this is not what this,” referring to the Mongols.
Business for encryption
When talking to luck On Tuesday, Spikes was attending the Checks Conference in Dubai, where he visited a broad films in Mammoth Commercial Center. Choose watch Ben Affleck Blockbuster Accountant 2. He said: “Every time I put shoes on the ground in a city, I go to the cinema.”
More than a decade ago, Spikes raised a million dollars to launch MoviePass, which initially Charged Users are about $ 30 per month. In 2017, Helios and Matheson, a data analysis company circulating for the public, acquired the majority stake in the start starting and led the boost of 9.95 dollars a month that the company finally sank. The nails were quickly removed from the painting and “knowing that it is no longer needed,” according to time.
Less than two years later, MoviePASS was out of work and the parent company publicly announced bankruptcy. In 2022, Spikes bought the company again for $ 140,000. He said shortly after Restart. (In January, one of the executives of Helios and Matheson Appeal Complete in securities fraud.)
While it has been working on MoviePass 2.0 over the past three years, Spikes has searched for new financing and found ready investors – at Crypto.
Animoca brands, a long, encrypted force with a focus on NFTS, have led $ 5 million Seed tour In MoviePass in 2023, mysten Labs led the main company behind Sui Blockchain, a 3 -million -one -year round round. Spikes said that both the increase was for the orders of property rights and the distinguished symbol, or promises of an encrypted currency that has not yet been issued.
“There are two types of companies that are gaining power at the present time,” he said. luck. “Either you are the play of Amnesty International, or you are a Blockchain play or encryption.”
Decide the nails on Blockchain. He has an expensive NFT inspired by animation, carrying Bitcoin and Ethereum, and traveled to Hong Kong, Singapore and Denver to attend encryption conferences. “I think Blockchain and virtual reality will be amazing strength together.”
The Blockchain game for MoviePass is just one part of its business. Subscribers can still pay for a monthly pass, but they are not theft at $ 9.95 per month for a movie per day. Instead, the “Premium” pass costs $ 40 for up to five films per month. This may mean less clients, but at least, Spikes said, MoviePASS is now profitable.
This story was originally shown on Fortune.com
https://fortune.com/img-assets/wp-content/uploads/2025/04/GettyImages-1321583768.jpg?resize=1200,600
Source link