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MoviePass might pivot to crypto
After MoviePass's historic implosion, subscribers to the "Netflix for movie theaters" were already cautious around the company's 2023 relaunch. These
Last year, MoviePass partnered with the Sui blockchain to allow subscribers to make payments with USDC, a cryptocurrency pegged to the price of the U.S. dollar. At the time, MoviePass co-founder Stacy Spikes said that MoviePass intended to use web3 as a means of “making moviegoing more accessible and able to reach a wider audience through deeper fan engagement.” The company said it was looking toward offering on-chain rewards for seeing movies, or allowing users to invest in the movies they see (there are no further details about how that would actually work). For subscribers who live in places where movie tickets cost more, like New York City or Los Angeles, their monthly fee will be higher.
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