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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
Get ready to meet Tesla's "beast" of a semi-truck.The electric vehicle maker is aiming to unveil the Tesla Semi and do a test ride on Oct. 26, according to CEO Elon Musk."Worth seeing this beast in person," he tweeted late Wednesday. "It's unreal." 256
Head injuries have plagued the NFL for years. But the helmets that players wear have retained roughly the same design since the 1970s.This season, about 70 NFL players are wearing a new helmet that's a radical departure from previous iterations -- and, the league believes, safer.It won't be easy to spot when you're watching games on Sunday. The Vicis Zero1 looks a lot like other helmets. But it's designed to soften the blows to the heads of NFL players. 465
From football stadiums to movie theatres, the idea of large crowds is still terrifying to a lot of people during this pandemic, but a new invention that helps kill COVID-19 germs instantly could help get people back into some of the nation’s most beloved large venues.For Mark Zurevinski, who once traveled the globe managing shows for superstars, business disappeared in an instant this past spring. With both his employees and his own livelihood on the line, Zurevinski looked around at all those stadiums and decided to come up with a solution to help get people safely back into large spaces.“I saw everyone in the entertainment crossing their arms and waiting for the government to find a solution,” he said.In the middle of the pandemic, as businesses worldwide shut down, Zurevinski started a new business called Sani Pass.The company has developed a disinfecting channel walkthrough machine to kill the novel coronavirus. First, the machine takes your temperature, then nozzles spray a fine non-toxic disinfecting solution over your clothes and bags that kill any COVID germs you may have on you.One machine costs around ,000.“We’re not suggesting we’re a cure. We’re suggesting we are a part of a broader arsenal of products that need to be implemented in order to bring us back to some form of normalcy,” Zurevinski added.Zurevinski also knew that if you couldn't move people through the machine quickly, it wouldn't matter.It takes about eight seconds for one person to get a person disinfected in the Sani Pass. The company estimates they could get 55,000 people into a stadium in just 90 minutes.“I wanted to get people back into arena, back into theatres, back into stadiums. Those are large mass gatherings and in order to get people in there quick enough, we had to find a solution that was not 30 seconds, one minute, two minutes each,” he said.Aside from stadiums, Zurevinski is also in talks with some airports who are considering putting the Sani Pass in place. 1992
GREEN BAY, Wisc. — A man was arrested for his seventh OWI after police say he threw stolen beer and meat out of his van with officers in pursuit. The Brown County Sheriff's Office received a call from a supermarket that Timothy Andrews, who was on their watch list for retail theft, was in the store. Authorities spotted Andrews inside a van in the parking lot and deputies say he claimed to have knives and gun when they approached him.Andrews refused to get out of the van, according to investigators, and sped away from the deputies, throwing stolen beer, meat and clothing out of the window during the high-speed chase. Authorities say the van lost control at least twice during the chase, as it weaved in and out of oncoming traffic on busy streets. "Pursuits are always a balance. You're always trying to balance public safety with the apprehension of the person. And in this case, this man was doing a lot of things," Brown County Sheriff's Capt. Dan Sandberg said. The van finally spun out of control and stopped on a residential street where the suspect was arrested. Andrews, 48, faces several charges in the case including 7th offense OWI, probation violation, obstructing an officer, shoplifting and retail theft. 1280