I need to sign up for this service:
They have the most amazing business plan – selling a monthly pass to movie theaters for $9.95, but paying $50 or $100 for the actual tickets. You might have to read that twice – the idea is so disruptive, it takes a while to sink in.
From Bloomberg “Simple math shows that if 400,000 subscribers go to two movies in a month, at an average price of $9, the company would take in $4 million in revenue and spend $7.2 million on tickets, which would be a loss of $3.2 million. At 2.5 million subscribers, like Farnsworth projected, the loss would be $20 million.”
The dot.com days are back! If you need another example – Virtual (read fake) Money now has a 100 Billion Dollar Market Value:
- Bloomberg – Bitcoin’s Market Cap Surges Past $100 Billion
What could possibly go wrong?
Yikes!
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