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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
Henry Gonzales isn’t afraid to get his hands dirty or clean up his community.He started working on farm fields at 13 and saw firsthand the struggles of migrant farmworkers.“I remember the terror on the face of coworkers back then when immigration would drive, stop by,” he said.Gonzales has since worked his way from farmhand to Agricultural Commissioner of Monterey County the fourth largest agricultural producing county in the country.Producing .4 billion worth of produce in 2019, Gonzales is now looking to protect the area’s products and the 60,000-plus agricultural industry workers.“It’s critically important not just for them but for everybody that eats that produce,” he said.Gonzales’ team recently introduced a hotline for farmworkers and their families to report safety concerns, ranging from COVID-19 to smoke from the nearby wildfires.Staffed by agricultural inspector biologists 24/7, 365 days a year, Gonzales calls this hotline the first of its kind in the country and industry leaders are taking notice.“It causes a lot more appreciation for those hands that are harvesting our crops,” said Norm Groot, executive director of the Monterey County Farm Bureau.He believes this hotline can help improve working conditions and the agricultural industry overall.With Hispanics and Latinos, ethnic groups that make up most farmworkers in the area, accounting for more than 75% of the confirmed COVID-19 cases in Monterey Country, this hotline comes at a time where it’s needed more than ever.“I think it’s critical that we have some sort of avenue that farmworkers can feel that they have a voice,” Groot said.The funding for this hotline comes from the county’s pesticide budget.While callers can remain anonymous, Gonzales understands the hesitations.“Many of them are concerned if they call, they complain that there might be retaliatory measures taken against them,” he said. “So, we do reassure them that there are laws to protect them from retaliation.”From farmhand to government leader, Gonzales has worked his way up in the agricultural industry and hopes this hotline inspires others to take similar actions.“We’ve just increased the standard as it were for everyone in the state, other ag commissioners and other agencies to do the same,” he said.To contact the hotline, call 831-809-2394. 2324
Grocery stores are preparing for more shortages and two chains have already announced limits on buying some items.Kroger is allowing customers two each of paper towels, toilet paper, disinfecting wipes and hand soap. H-E-B is putting limits on those same things, along with rubbing alcohol, and first aid and cleaning gloves.A supply chain expert tells us the upcoming holidays and a recent surge in COVID-19 cases are adding to demand.Manufacturers are focusing on the most popular products, so less variety may also make it seem like there are more shortages.Months of steady demand has made it tough for retailers to stock up.“There hasn't been really a low season across the board to allow for building up inventory that we can use during the holiday season when we expect a surge in demand,” said Rafay Ishfaq, Associate Professor of Supply Chain Management at Auburn University.Another chain, Stew Leonard's, says it's ordering 20% more stock than usual before the holidays this year. Meanwhile, it's already seen an uptick in panic buying.Customers are looking for cleaning supplies, frozen foods and comfort foods.“I think there was a little unrest over the election and there still is, and people aren't really sure if there's going to be any type of a lockdown in America,” said Stew Leonard's CEO Stew Leonard Jr.In talking to customers, Stew Leonard's says it's found more people are preparing for small Thanksgiving gatherings. So, it's stocking up on smaller turkeys and offering recipes to people who are trying a hand at cooking one for the first time.By anticipating the changes, the chain hopes to keep shelves full through the end of the year. 1670
HOBE SOUND, Florida — For Rony Bottex, 65, fracturing his leg and using crutches is nothing compared to what could have happened on I-95 in Hobe Sound, Florida on Monday morning. "If he wasn't there, if the officer wasn't there, I'd be dead," said Bottex. Rony was involved in an accident on I-95. Florida Highway Patrol Trooper Mithil Patel, 31, was the first to respond and while he's talking to Rony?outside of the car, a van slammed into a car, sending it spinning in their direction.?"He saw the car come right to me and pushed me to the side and thank God I fall, but he's the one who got hurt for me," said Bottex. "He take the hit and pushed me out of the way." Trooper Patel was taken to St. Mary's Medical Center where he is now in good condition. Rony says he has not stopped praying for the brave trooper who he says nearly gave his own life to save Rony. "They do the jobs for you, not for them, and he was going to take the hit for me, he did," he said. Rony says thanks to Trooper Patel, he's still alive for his wife and six children. He now wants this stranger who saved him to be a part of his family too. "What I want to tell his family, I want to be with him as a family because people like this you never forget them," added Bottex. The trooper's father said the family has been overwhelmed with calls and support. Rony says he hopes he can get in touch with the trooper and his family. 1490
HAMILTON, Bermuda (AP) — A Pennsylvania college student who disappeared following a rugby tournament in Bermuda was found dead Monday after an intensive search of the British island territory.Searchers found the body of Mark Dombroski, 19, at the base of a colonial-era fort in a park not far from where he was last seen walking by himself on CCTV footage, officials with the Bermuda Police Service said at a news conference.A cause of death was not released but forensic experts were still processing the scene where his body was found and an autopsy was planned, said Acting Commissioner James Howard."Bermuda Police Service extends our heartfelt condolences to his family and friends," Howard said after a day of searching that included local authorities, volunteers and Dombroski's family.Dombroski was a member of the rugby team at Saint Joseph's University in Philadelphia and had come to Bermuda to compete in a tournament. He disappeared early Sunday, with video footage showing him walking alone and looking at his phone as he left a bar where his friends had gathered.He was found at the base of Fort Prospect in a wooded area known as the arboretum and near an athletic center where the team had played during the tournament.Dombroski's family rushed to the island to join the search and retrace his steps."We dearly love our son, we cherish our son. ... We want him back," his mother, Lisa Dombroski, said at a news conference with police officials. "We thank the citizens of Bermuda. People have been with us shoulder to shoulder throughout this ordeal."Detective Sgt. Jason Smith said there's no evidence Dombroski was drunk, or that alcohol played a role in his disappearance.Lisa Dombroski speculated her son, who had hurt his shoulder in a game that day and wasn't feeling well, had simply wanted to call it a night. She said the surveillance footage showed him favoring his arm."He wasn't in a celebratory kind of mood," Lisa Dombroski said. "He wanted to get back." 1992