Money

For MoviePass, Losing Money Was the Plan All Along

On this episode, we discuss the company's controversial business plan, and what it actually does with your data.
June 15, 2018, 3:08pm
Photo via AP Photo/Darron Cummings.

MoviePass offers a suspiciously good deal. For just $9.95 a month, subscribers can see up to one movie a day at select theaters, a business plan that has the startup losing roughly $21 million a month. But according to the guy who owns MoviePass, Ted Farnsworth, that was the plan all along.

On today's episode, we talk to journalist Rick Paulas about how the company plans to make money in the long run, and what, exactly, it's doing with all its users data.

You can catch The VICE Guide to Right Now Podcast on Acast, Google Play, Apple Podcasts, Stitcher, or wherever you get your podcasts. And sign up for our newsletter to get the best of VICE delivered to your inbox daily.