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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

From old work uniforms to NBA jerseys to leather seats on an airplane, old material is being made into new products, and you can purchase them!Looptworks, located in Portland, Oregon, is one of the biggest upcycling manufacturers in the country."We hope to have nothing that ends up in the garbage can or in a landfill," says Looptworks designer Nanette Berg.The startup gives life to old Delta Airlines flight attendant clothes to NBA jerseys that sport a former player’s name.“Here I have one of the Delta vests, and I also have already deconstructed one of their red jackets,” says Berg. “So, what I’m gonna do is cut certain pieces from certain materials and put them together and make another product.”Jason Van Horn, marketing director of Looptworks, says the company’s tag line is, excess made useful.” 817

HAWTHORNE, Calif. (AP) — Billionaire Elon Musk says he's almost completed a tunnel under a Los Angeles suburb to test a novel transportation system that would scoot commuters underground on electric sleds called skates.Musk tweeted Thursday that, pending regulatory approvals, free rides will be offered to the public in a few months. He also posted an Instagram video of the interior of the tunnel.Last year, the Hawthorne City Council approved an approximately 2-mile (3.2-kilometer) test tunnel from Musk's SpaceX rocket plant to a point east of Los Angeles International Airport.RELATED: Elon Musk releases plan for tunnel system under Los AngelesMusk has described a system in which vehicles would descend via elevators into tunnels and move on electrically powered platforms called skates. He envisions multiple levels of tunnels to escape congestion that plagues surface traffic systems."As mentioned in prior posts, once fully operational (demo system rides will be free), the system will always give priority to pods for pedestrians & cyclists for less than the cost of a bus ticket," Musk tweeted.Musk's tunneling operation, called The Boring Co., is currently seeking approval to push into the city of Los Angeles, which requires separate authorization. So far, a committee of the City Council has agreed that the project should be exempt from environmental review.RELATED: What happened to the Tesla that Elon Musk shot into space?Musk suddenly added tunneling ideas to his SpaceX rocketry and Tesla electric car endeavors more than a year ago.A few weeks after tweeting "Traffic is driving me nuts" and "am going to build a tunnel boring machine and just start digging," he said in January 2017 that tunnel was about to get underway. He acquired a tunnel-boring machine that had been used in a San Francisco Bay Area project and put it down a shaft in a parking lot at the SpaceX facility in Hawthorne.He has also tweeted about a vision for a tunnel that would stretch along the Interstate 405 corridor from LAX to U.S. Highway 101 in the San Fernando Valley, a span of about 17 miles (27 kilometers). It's among the most notorious examples of what Musk has called "soul-destroying" Los Angeles traffic. 2238

Here comes the bride, right down the dollar aisle. A Miami couple took their passion for Target to a new level by taking their engagement photos at the store. 166

Google has decided that most of its 200,000 employees and contractors should work from home through next June. It's a sobering assessment of the pandemic’s potential staying power from the company that provides the answers for the world’s most trusted internet search engine. The remote-work order issued Monday by Google CEO Sundar Pichai also affects other companies owned by Google’s corporate parent, Alphabet Inc. It marks a six-month extension of Google’s previous plan to keep most of its offices closed through the rest of this year. The prolonged lockdown of Google’s offices could influence other major employers to take similar precautions. 659