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Hello! And welcome to Movie...Pass?MoviePass, the ticket subscription company, is buying Moviefone, the 29-year old movie directory service.A lot has changed since Moviefone first started. It's hard to imagine now, but people used to call a number for movie times. Moviefone became so popular that its famous "Welcome to Moviefone" greeting was parodied in a famous "Seinfeld" episode.Moviefone still has a website and app, but it retired the 777-FILM phone service in 2014. (Seinfeld's Kramer must be pleased. "Why don't you just tell me the name of the movie you've selected?")AOL, now part of Verizon, bought Moviefone in 1999 for 8 million. But MoviePass isn't spending nearly as much to get Moviefone. MoviePass majority owner Helios and Matheson Analytics will pay Verizon only about million for Moviefone -- million in cash and a mix of HMNY stock and warrants worth about million, according to a Securities and Exchange filing Thursday.So why does MoviePass want Moviefone? MoviePass CEO Mitch Lowe told CNNMoney it wanted access to Moviefone's film and TV show content."Our subscribers want to connect with Hollywood and hear more about what's going on in the film industry," Lowe said. "They'd like to have MoviePass recommend movies to them and Moviefone is iconic."Lowe, a co-founder of Netflix and former president of DVD rental kiosk service Redbox, added that he hopes the acquisition will be a "great funnel to attract new members" to MoviePass, which currently has more than 2 million subscribers.Ted Farnsworth, CEO of Helios and Matheson Analytics, added that the marriage of MoviePass and Moviefone will hopefully lead to more advertising revenue."MoviePass is growing at warp speed. Put it and Moviefone together and it gives us more advertising opportunities," Farnsworth said in an interview with CNNMoney. "This is a great strategic move for us."MoviePass arguably needs more ad sales to convince skeptical investors that its business model of buying tickets from theaters and then offering them to subscribers at a discount through monthly and annual subscription plans is viable for the long haul. MoviePass lets people see a movie a day for .95 a month -- it recently cut its price from .95.Shares of Helio and Matheson Analytics have plunged nearly 55% this year. Investors are worried that MoviePass won't be profitable anytime soon.Part of the problem? We live in an era of so-called peak TV. Netflix, other streaming services and big cable TV networks are churning out more and more quality shows that eat into the time people have to go to movies.Investors also worry that the big chains that MoviePass currently buys tickets from -- AMC, Regal and Cinemark -- may eventually look to cut out MoviePass and launch their own subscription services or other lower-priced deals.Regal, which is now owned by UK-based Cineworld, has experimented with charging more for tickets during peak movie times and less at times when attendance tends to be lighter. Think of it as Uber-style surge pricing, but for movies.And Cinemark unveiled Movie Club, a monthly plan that lets people buy a movie ticket a month for a discounted price of .99, last year.That deal obviously isn't as good as the one a day plan offered by MoviePass. But Cinemark will also allow Movie Club members to roll over unused tickets every month, bring friends at the lower price and offers bargains on concession stand items.Lowe isn't too concerned about competition though. He said he's convinced that MoviePass will continue to work closely with the big chains -- even if Wall Street is nervous."We have to prove we are a driving force in getting more people into theaters. We have to try and put our money where our mouth is," he said. 3759
Frustrated Senate Republicans re-upped their complaints that Democratic negotiators are taking too hard a line in talks on a sweeping coronavirus relief bill, but an afternoon negotiating session brought at least modest concessions from both sides, even as an agreement appears far off.Top Democrats emerged from a 90-minute meeting Tuesday with Trump administration officials to declare more progress. The Trump team agreed with that assessment and highlighted its offer to extend a moratorium on evictions from federally subsidized housing through the end of the year.“We really went down, issue by issue by issue slogging through this. They made some concessions which we appreciated. We made some concessions that they appreciated,” said Senate Minority Leader Chuck Schumer, D-N.Y. “We’re still far away on a lot of the important issues but we’re continuing to go back.”White House chief of staff Mark Meadows said Tuesday’s session was “probably the most productive meeting we’ve had to date.” Treasury Secretary Steven Mnuchin said the two sides set a goal of reaching an agreement by the end of the week to permit a vote next week.“I would characterize concessions made by Secretary Mnuchin and the administration as being far more substantial than the concessions that had been made by the Democrat negotiators,” Meadows said.House Speaker Nancy Pelosi, D-Calif., issued a pointed reminder that she and Schumer are “legislators with long experience” and a track record of working complicated deals — a rejoinder to critics complaining that they are being too tough and that the talks are taking too long.“We agree that we want to have an agreement,” Pelosi said. “Let’s engineer back from there as to what we have to do to get that done.”Another glimmer of hope emerged as a key Senate Republican telegraphed that the party may yield to Democrats on an increase in the food stamp benefit as part of the huge rescue measure, which promises to far exceed a trillion target set by the GOP.Senate Agriculture Committee Chair Pat Roberts, R-Kan., said Tuesday that “you can make an argument that we need some kind of an increase” in food stamps and that he’s raised the topic with Majority Leader Mitch McConnell. He added that an agreement on that issue could lead to further overall progress on the legislation, which remains stalled despite days of Capitol negotiations.“They are taking a look at it and I think we can get a positive result,” Roberts told The Associated Press. “If we can get a breakthrough on that, it could lead to some other stuff.”The food stamp issue — left out of earlier relief bills — is a top priority for House Speaker Nancy Pelosi, among other powerful Democrats, who have passed a 15% increase in the food stamp benefit as part of their .5 trillion coronavirus relief bill.The overall talks are grinding ahead slowly, though urgency is growing among Senate Republicans, several of whom face tough election races and are eager to deliver a bill before heading home to campaign this month.Sen. John Cornyn, R-Texas, said Monday that the chamber should not go on recess without passing the huge relief measure, and Sen. Lindsey Graham, R-S.C., offered a jobless benefit proposal that’s more generous than a pending GOP alternative. Both are facing closer-than-hoped reelection bids in states that should be easy holds for Republicans.Multiple obstacles remain, including an impasse on extending the 0-per-week pandemic jobless benefit aid to the renters facing eviction. The benefit has helped sustain consumer demand over recent months as the coronavirus has wrought havoc. Pelosi wants to extend it through January at a 0 billion-plus cost, while Republicans are proposing an immediate cut to 0 and then replacing the benefit with a cumbersome system that would attempt to provide 70% of a worker’s “replacement wage.”They are also pressing for funding for the Postal Service. Schumer and Pelosi summoned Postmaster General Louis DeJoy to the Capitol on Wednesday to discuss the agency’s worsening performance and need for emergency funding.“We’ve seen the delay of mail, and we’re very worried about that affect on the election,” Schumer said.On the Senate floor, McConnell, R-Ky., continued to protest that Democrats are taking too tough a line. But he signaled he’s far more flexible now than he was weeks ago.“The American people in the end need help,” McConnell told reporters. “And wherever this thing settles between the president ... and the Democrats is something I am prepared to support even if I have some problems with certain parts of it.″Most members of the Democratic-controlled House have left Washington and won’t return until there is an agreement to vote on, but the GOP-held Senate is trapped in the capital.Areas of agreement already include another round of ,200 direct payments and changes to the Paycheck Protection Program to permit especially hard-hit businesses to obtain another loan under generous forgiveness terms.The House passed a .5 trillion measure in May, but Republicans controlling the Senate have demanded a slower approach, saying it was necessary to take a “pause” before passing additional legislation. Since they announced that strategy, however, coronavirus caseloads have spiked and the economy has absorbed an enormous blow.The Senate GOP draft measure carries a .1 trillion price tag, according to an estimate by the Committee for a Responsible Federal Budget. Republicans have not released any estimates of their own.___Associated Press writer Mary Clare Jalonick contributed to this report. 5603

GRASS VALLEY, Calif. (KGTV and AP) — The body of a woman found in a shallow Northern California grave may be an aspiring model and actress from Macedonia who vanished in Los Angeles last month, authorities said.The Nevada County Sheriff's Office said the body found Tuesday has not been identified. Los Angeles Police said they believe the remains are those of 25-year-old Adea Shabani, KABC reported. An autopsy is scheduled for Wednesday.Sheriff's Lt. Rob Bringolf said Los Angeles police detectives searching for Shabani led investigators to the grave 56 miles (90 kilometers) north of Sacramento. Shabani was last seen in Hollywood on Feb. 23.An acquaintance of Shabani's fatally shot himself in the head last week. The California Highway Patrol said 33-year-old Chris Spotz led officers on a Southern California vehicle pursuit that ended with his death in Riverside County. The CHP said Spotz was driving a stolen pickup. 950
Here's what's making headlines in the political world on Wednesday, Jan. 2, 2019:Lawmakers gather for border security meeting -- Democratic and Republican congressional leaders are expected to attend a briefing on border security at the White House as the government remains partially shut down and President Donald Trump asks in a tweet, "Let's make a deal?"The partial government shutdown began on Dec. 22. Funding for Trump's pet project, a wall along the U.S.-Mexico border, has been the sticking point in passing budgets for several government departments.The briefing is scheduled the day before Democrats are to assume control of the House and end the Republican monopoly on government. Read more Trump lashes out at Mitt Romney -- President Donald Trump fired back at Mitt Romney after the Republican senator-elect penned an op-ed saying Trump "has not risen to the mantle of the office.""Here we go with Mitt Romney, but so fast! Question will be, is he a Flake? I hope not," Trump tweeted, referring to retiring Arizona Sen. Jeff Flake, a Republican who has criticized the President often in the last few years. "Would much prefer that Mitt focus on Border Security and so many other things where he can be helpful. I won big, and he didn't. He should be happy for all Republicans. Be a TEAM player & WIN!"Romney, who is set to take office Thursday, criticized the President's character in a Washington Post op-ed Tuesday, saying that Trump's "conduct over the past two years, particularly his actions this month, is evidence that the President has not risen to the mantle of the office." Read more Unsanitary conditions reported at National Parks amid shutdown -- Human feces, overflowing garbage, illegal off-roading and other damaging behavior in fragile areas were beginning to overwhelm some of the West's iconic national parks, as a partial government shutdown left the areas open to visitors but with little staff on duty.The partial federal government shutdown, now into its 11th day, has forced furloughs of hundreds of thousands of federal government employees. This has left many parks without most of the rangers and others who staff campgrounds and otherwise keep parks running. Read moreCNN and AP reports compiled by 10News 2260
GUATAY, Calif. (KGTV) -- A family in the East County is hoping someone has information about a bicycle accident that happened Saturday afternoon in Guatay, just north of Pine Valley. Ann Larkin says her husband, Warren Larkin, was returning from a bike ride along old Highway 80, and was just feet away from his home, when a good Samaritan found him in the middle of the road. Larkin was airlifted to Sharp Memorial Hopsital with 10 broken ribs, a collapsed lung and a broken clavicle. He doesn't remember anything about the crash.Ann tells 10News she doesn't want to speculate but worries that someone hit her husband on his bike and took off, since hospital staff told her his injuries were more traumatic than just falling off a bike. The Larkin family is now hoping that by sharing their story, they can find someone who witnessed the accident and can provide clues about what happened. 899
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