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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.According to Business Insider, MoviePass has also welcomed back service to a handful of AMC theaters in big cities, including San Diego.The service removed 10 of AMC's busiest locations from its app in January to take a "hard position" against theater chain. MoviePass has been seeking a a portion of concessions sales.WHY MOVIEFONE?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.THREAT OF COMPETITIONPart 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. 4118
Gov. Whitmer (D-MI) jokes before going live: "It's not just Shark Week ... it's Shark Week *mouths expletive*" pic.twitter.com/KSndbTvLZi— The Recount (@therecount) August 18, 2020 188

Harvey Weinstein turned himself in to authorities Friday morning and was arrested and arraigned on charges of first- and third-degree rape and committing a criminal sexual act in the first degree, according to the Manhattan District Attorney's office.The charges stem from incidents with two separate women in 2013 and 2004, the district attorney said in a statement, and were the result of a joint investigation between police and the Manhattan District Attorney's office.Weinstein's attorney Benjamin Brafman told reporters outside the courthouse that his client plans to plead not guilty to all of the charges.As part of the agreement between Brafman and the DA's office, Weinstein's bond was set at million. He'll be required to wear a GPS monitoring system and is only allowed to travel within New York state or Connecticut. 841
FULLERTON, Calif. (AP) — An employee of California State University, Fullerton was killed in a stabbing in a campus parking lot Monday in what police called a targeted attack, though they were not sure of a motive.The victim was in his late 50s and worked in international student admissions at the sprawling campus in Orange County, police Lt. Jon Radus said. He was not immediately identified by authorities.A witness who called 911 said the suspect fled on foot, Radus said. Police found the victim inside a car with multiple stab wounds, he said."We do not know motive at this point for what occurred," Radus told reporters. "We do not believe there is a random stabber."The school, which is part of the 23-campus California State University system, enrolled more than 39,000 students last year. A commuter school in the middle of its host city, it is well known in the sports world for producing strong baseball teams.According to the university's calendar, the academic year was scheduled to start Monday.Authorities described the suspect as male with black hair and wearing black pants and a black shirt. 1119
Here's what's happening in the political world on Saturday, March 31, 2018:Trump attacks CA Gov. 'Moonbeam' Brown, Amazon in Twitter rant-- President Donald Trump slammed California Gov. Jerry Brown and Amazon Saturday morning, in a Twitter rant ranging from immigration to the U.S. Postal Service.President Trump went after Amazon first, claiming the online giant is scamming the U.S. Postal Service: 419
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