Current Events > MoviePass accounted for 40% Of Gotti's $1.67M Opening

(+) Yeah! (+)

https://deadline.com/2018/06/moviepass-gotti-opening-rotten-tomatoes-0-1202412227/

Were hearing this morning that MoviePass accounted for 40% of the $1.67M opening ($668K) to John Travolta mob pic Gotti, which took headlines over the weekend for its 0% Rotten Tomatoes score from 23 critics.

During CinemaCon, the monthly movie ticket service took a low-seven figure stake in the reported $10M budgeted feature which has willed itself to existence over the last seven years, and ultimately acquired the pics production company, Emmett Furla Oasis Films. MoviePass accounted for roughly 25%-35% of the opening four-theater $135K weekend of The Orchards American Animals, which they also took a piece of out of Sundance. Many in the industry are already writing MoviePass obituary, yet anecdotally we hear from non-MoviePass sources that the subscription service is driving midweek business at local LA indie theaters with the under 25 demo and summer vacation in effect. How long will this ride last? The stock price for MoviePass parent company Helios & Matheson remains in the gutter having closed at $0.34 on Friday.

RIP Movie Pass
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Gotti would have done even worse if it wasn't for Moviepass. No one really wanted to pay for this.
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