Wednesday, October 15, 2014

Movie Addicts App

I love movies. I always think that the renting of movies should be much cheaper. But how?

Imagine if we could create some type of volume discount for movies being rented through an app that can organize the different fans/users. Something similar to the Groupon system. Each rental will be set to specific times (similar to a cinema process). For example, it is Thursday night, you access the app and there are 5 movies showing that day at 9pm. If, for example, 10 buyers purchase that same movie rental then each pays $1 dollar.

[Updated] "The global film industry shows healthy projections for the coming years, as the global box office revenue is forecast to increase from about 38 billion U.S. dollars in 2016 to nearly 50 billion U.S. dollar in 2020. The U.S. is the third largest film market in the world in terms of tickets sold per year, only behind China and India. More than 1.2 billion movie tickets were sold in the U.S. in 2015. There are about 5,800 cinema sites in the U.S. as of 2015. About 14 percent of Americans go to the movies about once a month, seven percent go see movies in the movie theater twice or three times a month, whereas 37 percent go a few times a year. This is a considerable share taking into account 53 percent of American adults prefer watching movies at home" by Statista