Today, we dive deep on the end of MoviePass™ with insight from one former subscriber. Plus, we tell you where Tien Tzuo's "Subscribed" is on tour, drop details on your new meeting organization sidekick, and bring you a podcast that debates the question: will all companies in the content world become media companies?
Today's Top Subscription News
The World. Subscribed.
"Good morning from the Big Apple, where we are continuing the #Subscribed World Tour with a spotlight on #SaaS growth. More to come!"
Yesterday’s event was for SaaS businesses. Before jet setting to Austin on Thursday, Zuora is hosting an event specifically for D2C businesses.
Your New Trusty Sidekick
Do you ever leave a meeting thinking, “That could’ve all been said in an email.”
No worries, SoapBox Sidekick is here to help. It’s an artificial intelligence assistant that helps managers and their teams prepare for one-on-ones and team meetings, facilitate conversations, and gain insights into performance and engagement.
So far it has 170 upvotes on Product Hunt. You can join the waitlist for early access.
The Future is Media
Escape Velocity #010 with Dan Martell is up and it's all about how to raise your prices effectively.
Martell sat down with ProfitWell CEO, Patrick Campbell. Together they delve into optimizing pricing, limiting churn, subscription growth, and many other key topics for aspiring entrepreneurs. Campbell and Martell also discuss why they believe media is the future. You can listen to the episode in full on Apple Podcasts.
After months of bad press, MoviePass™ has officially stopped its services. Last year, the company laid off huge swaths of it staff. Recently, MoviePass™ 'temporarily' shut down services in July and exposed its customers' credit card numbers in plain text online last month.
Parent company to MoviePass™, Helios and Matheson Analytics Inc, revealed in a press release last week that the service for all subscribers would end starting September 14th because efforts to recapitalize were not successful.
The press release went into further detail,
“The company is unable to predict if or when the MoviePass™ service will continue. The Company is continuing its efforts to seek financing to fund its operations. There can be no assurance that any such financing will be obtained or available on terms acceptable to the committee."
ProfitWell pricing strategist and MoviePass™ subscriber, John Mangini, weighs in on what he believes led to the end. When asked how MoviePass™ ran out of money, he said,
"They had a good value metric in number of movies, but what they didn't realize was every single movie cost them more money. So, once you went to more than one movie a month, you literally were already becoming a negative customer cost."
Although the press release says MoviePass™ will continue seeking funds, Mangini said he doesn't think the company will be able to bounce back.
"I think it becomes one of those cool startups that had a good idea, that did change the space for a little bit, but ultimately there's just no way it can come back."
Overrated/Underrated is a game in which players deem debate-worthy items as they see fit. From freemium and free trials to the cannabis company boom, no topic is off the table. In today's segment, our ProfitWell team debates the value of customer reviews.
And that’s a wrap for your September 17th subscription news. Recruit your friends into the subscription know by sending them to recurnow.com to sign up for episodes on the daily.