{"data":{"type":"company_profile","id":171824,"entity_id":"wefunder:company:171824","attributes":{"canonical_url":"https://wefunder.com/moviepass","generated_at":"2026-06-04T18:39:50Z","updated_at":"2026-06-04T05:03:17Z","entity_ids":{"company":"wefunder:company:171824","slug":"wefunder:company_slug:moviepass"},"profile_visibility":{"owner_published":true,"public_search_results":true,"site_search_listed":true,"privacy_mode":"promote","invite_only":false},"provenance":{"source":"wefunder_public_company_profile","as_of":"2026-06-04T18:39:50Z","claims":{"total_amount_raised":{"source":"FrontCompanySummary#amount_raised","last_verified_at":"2026-06-04T05:03:17Z","as_of":"2026-06-04T18:39:50Z","confidence":"high"},"total_investors":{"source":"FrontCompanySummary#number_of_investors","last_verified_at":"2026-06-04T05:03:17Z","as_of":"2026-06-04T18:39:50Z","confidence":"high"},"active_raise_states":{"source":"Fundraise.visible(nil, nil)","last_verified_at":"2025-12-10T17:25:13Z","as_of":"2026-06-04T18:39:50Z","confidence":"high"},"latest_fundraise_state":{"source":"Fundraise.visible(nil, nil).order(funding_started_at)","last_verified_at":"2025-12-10T17:25:13Z","as_of":"2026-06-04T18:39:50Z","confidence":"medium"}}},"company":{"id":171824,"entity_id":"wefunder:company:171824","slug":"moviepass","name":"MoviePass","tagline":"A prediction market and fantasy league for entertainment.","story":"MoviePass was built for movie people — bold dreamers who live for the story.We turned Hollywood upside down with the first subscription to watch any movie, anytime, anywhere. Millions joined, and together we built a cultural phenomenon.To those who have been with us from the start — thank you. Together we made moviegoing more accessible and 60% of theaters now offer a MoviePass-style subscription.For those just tuning in — catch up on the full story of our rise, fall, and redemption in the HBO Original documentary MoviePass, MovieCrash produced by Mark Wahlberg.Through it all, our mission has always been to empower and inspire movie lovers through technology and innovation.We changed the industry once, and successfully brought back our leading movie subscription platform. Now, we’re keeping our core and expanding our universe to disrupt the industry again. Our next product line Mogul lets movie people speculate, predict, and play in the business of film.And this time, you’re invited to own a piece of our story and future from the start.The MoviePass subscription continues to thrive, getting more people into theaters nationwide. Since relaunching in 2023, we’ve gone from $0 to $14M in annual recurring revenue and have powered 2.8 million movie trips.And while nothing beats the magic of the big screen, we realized we also have an incredible opportunity to bring fans together online and create an active global community connected by a shared love of cinema.Through Mogul, we’re building a fan-powered entertainment platform and bringing the mechanics of fantasy sports to Hollywood.630,000 movie fans are already waiting to play. Top-tier investors, including Harlem Capital, Sui Foundation, and Lightship Capital, have backed our $9M Series A.We go to movies because of our connection to stories. These stories don’t just entertain us, they shape culture, and our passion extends beyond the theatres.Movie people are constantly calling box office winners, debating award upsets, and gossiping about casting rumors. Yet only a handful of corporations control the narrative in Hollywood, leaving movie fans on the sidelines.Meanwhile, sports fans have participated with their own fantasy leagues for years. Entire industries have emerged to channel fan energy into engagement. Take FanDuel and DraftKings, two hypergrowth companies that helped create a $32 billion daily fantasy sports industry.Now, prediction markets are the next hyper-growth segment with platforms like Kalshi and Polymarket attracting millions of users with interests across music, politics, and sports. In September alone, Kalshi saw $2.5 billion of sports contracts traded when the NFL season kicked off.Imagine if there were a similar platform for Hollywood. The live event is the theatre, and the team is limitless – directors, actors, producers, and so much more. There is no off-season - it’s always on.Technology has the power to liberate storytelling from the select few and bring it back to the hands of the people. The opportunity to connect movie people in a digital arena is MASSIVE.If MoviePass changed the way we go to the movies, Mogul is changing the way we interact with entertainment on a global scale.We’re building the central hub to unite and activate one of the world’s largest and most passionate audiences to participate, to vote, to predict, to be part of the story.Mogul leverages fantasy league and prediction market principles. We’re giving fans the ability to draft their dream studio and predict real-world outcomes — box office results, award nominations, critic reviews, and sentiment scores.Players compete head-to-head or solo, turning movie knowledge and instinct into measurable success and rewards.Powered by the blockchain technology of SUI, Mogul expands MoviePass into a transparent, global entertainment economy that operates across currencies and borders and transacts in real time.When we first announced Mogul on a global stage last May, we saw more international press coverage than ever before in the history of our company.Top outlets are sharing our comeback story and recognizing Mogul as the next big disruption in Hollywood.Stacy Spikes is the original co-founder of MoviePass, one of the most talked-about subscription platforms. When outside ownership pushed him out and drove the company to collapse, Stacy refused to let it die. He bought MoviePass back, rebuilt it, and assembled an impressive executive team to drive future success.Today, MoviePass includes members of the original team alongside company building experts from AMC, ClassPass, and UBS. Together, we’re reinventing how movie fans engage with Hollywood.We’re backed by some of the sharpest minds bridging Web2 and Web3 — Harlem Capital, Animoca Brands, and the Sui Foundation.MoviePass’s fan-powered entertainment platform sits at the intersection of four booming industries: movies \u0026amp; entertainment, fantasy sports, online gaming, and prediction markets.The fantasy sports industry has already validated how prediction-driven fan engagement can unlock billions in recurring revenue. Prediction markets are exploding, with Polymarket surpassing $9B in trading volume in 2024, proving a global appetite for event-based speculation.Mogul, powered by the cultural force of MoviePass, is the first-mover in gamifying Hollywood. By tapping into the MoviePass ecosystem with 3.8M+ fans, Mogul is in a prime position to capture outsized market share as a first-to-market mover.We’re not a gambling platform and instead operate under the proven Daily Fantasy Sports model, rewarding users for their knowledge, insight, and mastery of the entertainment industry.Our subscription business will continue to anchor recurring revenue, while Mogul adds a high-margin digital layer. Mogul will monetize engagement through prediction contests, premium memberships, and entertainment data insights.Today, Mogul is free to play. We’ll then evolve into subscription tiers, before launching into tokenized predictive contracts.Tokenized contracts will enable ownership, create investable liquidity pools, and solidify long-term network value across the Mogul ecosystem.As we grow our global fan base through direct to consumer sales, we’re setting the stage for what comes next: turning prediction market behavior into data intelligence that drives partnerships, insights, and entirely new revenue streams.Within the first year of launch, the platform is projected to engage 500K active users, which in comparison, represents about 2% of FanDuel's existing user base. These early adopters will fuel growth, user feedback, and iterative advancements to hit our north star goal.Within 3 years, we expect to reach 5 million players worldwide, advancing on our flywheel business approach.Forward looking projections not guaranteed.Mogul builds upon MoviePass’s leading subscription product to create a highly engaged fan economy and diversifies our revenue streams. MoviePass members average 1.7 theater visits per month, while Mogul breaks beyond the box office — giving fans multiple ways to connect digitally every week.As fan activity deepens, so does value creation. Our forecasts estimate $150 ARPU to start, and we expect that to increase close to the $200-500 ARPU fantasy sport industry average as real-money speculation grows on the platform. This estimate includes all revenue streams: entry fees, premium subscriptions, and transaction fees.Mogul has multiple clear paths to a blockbuster exit:IPO Path – The DraftKings Route: Scale to millions of active users, own the film speculation category, and monetize through contests, premium tiers, sponsorships, and data licensing. With recurring revenue locked in, Mogul can chart a direct route to the public markets.Strategic Acquisition – The FanDuel Route: Gaming giants like Flutter, which acquired FanDuel through multiple transactions, MGM, or Caesars are eager to expand beyond sports into entertainment. Mogul offers a natural adjacency with global reach and a passionate user base.Media \u0026amp; Entertainment M\u0026amp;A: Streaming platforms and studios like Netflix, Amazon, Disney, need new ways to engage fans beyond passive viewing. Mogul is the engagement engine they don’t yet have.Forward looking statements not guaranteed.MoviePass and Mogul are transforming how people experience cinema, box office, and cultural storytelling on a global scale.We’re raising on Wefunder because MoviePass has always been about the fans. Now, for the first time, you can own a piece of the next entertainment revolution — right as it begins.Together, we’re building a movement that turns movie lovers into Hollywood stakeholders.By investing in this round, you’ll join visionary backers like Harlem Capital, Animoca Brands, and Sui Foundation as we activate fans and build the prediction market for entertainment.Join us in building a cultural home for movie lovers everywhere.","location":"New York, NY","website":"https://moviepass.com","total_amount_raised":476172,"total_investors":597,"is_funded":true,"is_active":true,"quality_score":5,"related_urls":["https://wefunder.com/moviepass","https://moviepass.com"]},"media":{"share_image_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/171824/xxl_blob.jpg","logo_url":"https://uploads.wefunder.com/uploads/company/logo/171824/large_blob.png","header_media_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/171824/standard_blob.jpg","cover_photo_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/171824/standard_blob.jpg"},"links":{"company_url":"https://moviepass.com","linkedin_url":"https://linkedin.com/company/moviepass-inc/","twitter_url":"https://x.com/MoviePass","facebook_url":"https://facebook.com/MoviePass/","instagram_url":"https://instagram.com/moviepass","youtube_url":"https://youtube.com/c/moviepass","tiktok_url":"https://tiktok.com/@moviepass_official"},"highlights":[{"id":62781,"name":"venture_backed","url":"venturebacked","presentable_name":"VC-Backed","description":"Raised $250K or more from a venture firm","image_url":"https://uploads.wefunder.com/2021/profile-highlights-check.svg"},{"id":75586,"name":"5m_plus_revenue","url":"5mplusrevenue","presentable_name":"$5M+ Revenue","description":"Earned over the last 12 months","image_url":"https://uploads.wefunder.com/2021/profile-highlights-up-arrow.svg"},{"id":75537,"name":"repeat_founder","url":"repeatfounder","presentable_name":"Repeat Founder","description":"Started a prior company with $2M+ in funding or revenue","image_url":"https://uploads.wefunder.com/2021/profile-highlights-replay.svg"}],"quick_facts":[{"index":1,"claim_id":"claim-fact-1","value":"Original Co-Founder Stacy Spikes bought MoviePass back from private equity ownership"},{"index":2,"claim_id":"claim-fact-2","value":"Epic turnaround story featured in the HBO Original documentary produced by Mark Wahlberg"},{"index":3,"claim_id":"claim-fact-3","value":"$14M in annual recurring revenue and 2.8M movie visits booked since relaunch"},{"index":4,"claim_id":"claim-fact-4","value":"630,000+ waitlist for Mogul by MoviePass - the first prediction market for film \u0026amp; entertainment"},{"index":5,"claim_id":"claim-fact-5","value":"Backed by top VCs including Lightship Capital, Harlem Capital, Wavemaker and more"},{"index":6,"claim_id":"claim-fact-6","value":"Featured in Vanity Fair, Rolling Stone, Hollywood Reporter, TIME, and the New York Times"},{"index":7,"claim_id":"claim-fact-7","value":"First-mover where movies meet fantasy sports, gaming, \u0026amp; prediction markets"},{"index":8,"claim_id":"claim-fact-8","value":"Giving movie lovers a real stake in the future of entertainment"}],"team":[{"id":5426079,"entity_id":"wefunder:company_role:5426079","user_entity_id":"wefunder:user:4922183","role":"founder","name":"Stacy Spikes","title":"Chief Executive Officer \u0026 Co-founder","bio":"Award-winning innovator. 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University of Pennsylvania BA \u0026amp; the Wharton School BS.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/5429996/square_blob.jpg?1761062850","profile_url":"https://wefunder.com/linling.tao","related_urls":["https://wefunder.com/linling.tao"]},{"id":5833028,"entity_id":"wefunder:company_role:5833028","user_entity_id":"wefunder:user:4886527","role":"employee","name":"Luigi Aldon","title":"Head of Marketing ","bio":"Storytelling \u0026amp; brand creative. Led growth at lululemon and ClassPass scaling tech, consumer, wellness, and luxury retail. 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For Lightship, this investment isn’t just about financial upside — it’s about helping a proven founder reshape how the world experiences cinema, responsibly and sustainably.","endorsement_name":"Brian Brackeen","investment_total":1000000,"investment_info":"Invested $1,000,000 this round","is_lead_investor":true,"memo_paid_for_by_company":false,"related_urls":["https://wefunder.com/brian.brackeen"]}],"investor_memos":[],"tab_counts":{"posts":0,"ask_questions":15,"featured_investors":9,"faq_entries":5},"active_fundraises":[{"id":131725,"entity_id":"wefunder:fundraise:131725","state":"successful","offering_type":"4(a)(6)","funding_type":"note","structure":"ttw","security_type":"","currency":"USD","testing_the_waters":true,"min_purchase":250,"max_purchase":9,"funding_target":999999.0,"minimum_target":"50000.58","maximum_target":"999999.0"},{"id":131724,"entity_id":"wefunder:fundraise:131724","state":"successful","offering_type":"4(a)(6)","funding_type":"note","structure":"equity","security_type":"equity","currency":"USD","testing_the_waters":false,"min_purchase":250,"max_purchase":9,"funding_target":50000.0,"minimum_target":"50000.58","maximum_target":"999999.0","funding_started_at":"2025-11-04T03:02:03Z","funding_closed_at":"2026-03-04T04:59:59Z","auto_close_at":"2026-03-04T04:59:59Z"}],"latest_fundraise":{"id":131725,"entity_id":"wefunder:fundraise:131725","state":"successful","offering_type":"4(a)(6)","structure":"ttw","testing_the_waters":true,"can_invest_now":false,"funding_started_at":null,"funding_closed_at":null,"terms":{"eb":null,"nb":"$50M","txt":"pre-money valuation"}},"recent_posts":[],"q_and_a":[{"id":319821,"entity_id":"wefunder:comment:319821","question":"Most people know about MoviePass from after it was bought out by Helios and Matheson Analytics and its subsequent reputation (you were sidelined, not your fault). Since SAFEs are only valuable after an event (acquisition or IPO) and you're considering M\u0026amp;A again, help me understand what lessons you've learned and what you would do different with acquiring partners this time.","author_name":"Jason S.","votes":5,"created_at":"2025-11-17T21:40:59Z","canonical_url":"https://wefunder.com/moviepass#question-319821","answers":[{"id":320573,"entity_id":"wefunder:comment:320573","answer":"I appreciate you asking this — it’s an important question, and one I’m very open about. You’re right: most people remember the Helios \u0026amp; Matheson era, and that period came after I was pushed out. When I bought MoviePass back, one of my top priorities was making sure those mistakes could never be repeated. Here are the biggest lessons I’ve applied moving forward: 1. Control of the product, brand, and vision stays with us. The core issue last time was losing operational and strategic control. That won’t happen again. Any future partnership or M\u0026amp;A discussion will require that MoviePass’s business model and growth trajectory stay aligned with the mission — not distorted for short-term gains. 2. We only partner with groups who understand sustainable economics. Helios chased an unsustainable “growth at any cost” approach. We’ve rebuilt MoviePass around disciplined unit economics, profitability, and long-term value. Any acquiring partner must share — and prove — that philosophy. 3. Governance protections are non-negotiable. We now have stronger legal and governance structures to ensure that if we ever pursue M\u0026amp;A, decisions are made in the best interest of the company, the community, and the shareholders — not at the expense of them. 4. We’re building for optionality, not dependency. MoviePass today has multiple revenue engines (subscriptions, Mogul, future real-money play, partnerships). We aren’t reliant on an acquirer to survive. That puts us in a far stronger negotiating position and ensures any acquisition is value-creating, not a lifeline. 5. SAFEs convert into ownership upon a qualified event. If an acquisition happens, SAFE investors participate economically just like other early-stage investors. The key difference now is that we’re building from a position of strength, with the brand, product, and leadership aligned — not fragmented. Bottom line: I lived through what happens when MoviePass is run by people who don’t understand the business. I’m not repeating those mistakes. The team, strategy, governance, and economics today are built to ensure any future partnership or acquisition protects and rewards our investors — not sidelines them. Happy to go deeper if you’d like.","author_name":"Stacy Spikes","votes":4,"created_at":"2025-12-04T19:25:06Z"}]},{"id":323243,"entity_id":"wefunder:comment:323243","question":"Very interested by this investment opportunity. As a life long supporter of the both the cinematic industry and innovative solutions, I am curious about some things. What percentage of Mogul’s waitlisted users do you expect to convert into real-money participants within 12 months of licensing, and what data or comparable benchmarks support that assumption? Additionally, what is the presumed CAC for each of these subscribers? How many months of their subscription will be required before Mogul + Movie Pass see a profitable return? What is the critical regulatory milestone that unlocks Mogul’s revenue inflection, and what revenue model sustains the company if that milestone slips by 12–24 months?","author_name":"Bayside Harbor Group","votes":3,"created_at":"2026-01-17T22:32:06Z","canonical_url":"https://wefunder.com/moviepass#question-323243","answers":[]},{"id":319414,"entity_id":"wefunder:comment:319414","question":"Hi moviepass team/Stacy, Congrats on what you have achieved so far. I have a few questions; 1. Is moviepass pivoting to prediction market from Movie tickets subscription or planning to continue on movie subscription as well. 2. When is mogul expected to launch? i.e. open for all 3. Why is the revenue flat between 2023 \u0026amp; 2024? 4. Would it be possible to share the revenue until Q3 2025? Approximate should be good. 5. is mogul a subsidiary? how is it going to be structured in the future 6. What is the proposed end date for campaign? 7. Could you please throw some light on the gem foundation funding commitment? how does that work? is there a specific target or goal that moviepass needs to achieve to unlock. Anything that you can share that is not confidential would be helpful.","author_name":"Krishnan Ramachandran","votes":3,"created_at":"2025-11-12T02:33:34Z","canonical_url":"https://wefunder.com/moviepass#question-319414","answers":[{"id":320574,"entity_id":"wefunder:comment:320574","answer":"Thank you for the thoughtful questions — happy to clarify each of these. 1. Are we pivoting away from subscriptions into prediction markets? No — we’re not pivoting away. MoviePass will continue operating and growing the subscription business, which remains a strong, sustainable revenue engine. Mogul is an expansion, not a replacement. We see MoviePass evolving into a multi-product entertainment ecosystem, with subscriptions + Mogul working together to deepen fan engagement. 2. When will Mogul launch to the public? Mogul is currently in a public beta, with 400K+ users already on the waitlist. We expect a full public rollout in early 2026, including native iOS/Android apps and, pending licensing, real-money play. 3. Why was revenue flat between 2023 and 2024? Two reasons: Intentional focus on profitability over hyper-growth — we optimized unit economics and reduced unprofitable user acquisition, which led to more stable revenue but improved margins. Resource allocation toward Mogul — we invested in building out the next major product line, which temporarily shifted growth focus away from aggressive subscription expansion. The result: a healthier foundation and multiple revenue engines moving forward. 4. Can we share revenue until Q3 2025? We can share ranges that are consistent with what’s publicly filed: 2025 revenue through Q3 has been in line with 2024, with modest sequential growth. The majority of upcoming revenue acceleration is expected to come from: the Mogul rollout real-money activation (pending licensing) increased engagement within our subscription ecosystem For more detailed financials, please refer to our Form C disclosures on Wefunder. 5. Is Mogul a subsidiary? How will it be structured? Yes — Mogul is being built under the MoviePass parent company. Long term, the structure allows Mogul to operate as a distinct product line with its own revenue streams, but fully integrated into our brand, user base, data, and ecosystem. This structure gives us flexibility for partnerships, licensing, and potential future monetization paths. 6. What is the end date for the Wefunder campaign? The campaign ends on December 18th, 2025. This is the last opportunity to invest at the current valuation. 7. What can we share about the GEM commitment? GEM is a global alternative investment group that provides flexible, performance-based capital to growth companies. Here’s what we can share publicly: GEM provides an equity facility that MoviePass can draw upon if certain milestones are met. It is not an upfront lump-sum investment. It allows us to access additional capital when we choose, based on share issuance at prevailing market conditions. The flexibility helps support scaling Mogul without relying solely on traditional fundraising. Specific drawdown terms and milestones are confidential, but the key takeaway is this: It gives us optionality, growth capital, and leverage — without forcing dilution or spending before we’re ready. If you have follow-ups or want to dive deeper into any piece, I’m happy to continue the conversation. Thank you again for the thoughtful questions.","author_name":"Stacy Spikes","votes":2,"created_at":"2025-12-04T19:26:45Z"}]},{"id":321318,"entity_id":"wefunder:comment:321318","question":"Hi @Stacy Spikes, with Mogul product line, does the company have plan to launch a public token on SUI (assuming will be on SUI given SUI Foundations backing)? If so, could you answer: 1. does this round's investors have the rights to be granted for future token distributions, at what terms 2. will the token capture values from potential trading fees and other on chain revenues? Thanks in advance!","author_name":"Leo Lou","votes":2,"created_at":"2025-12-16T16:18:56Z","canonical_url":"https://wefunder.com/moviepass#question-321318","answers":[]},{"id":319714,"entity_id":"wefunder:comment:319714","question":"How do you plan to build partnerships with movie studios","author_name":"Kaizen Konveyor","votes":2,"created_at":"2025-11-15T11:57:46Z","canonical_url":"https://wefunder.com/moviepass#question-319714","answers":[{"id":322956,"entity_id":"wefunder:comment:322956","answer":"Hi Kaizen, great question. Our approach to studio partnerships is simple: lead with value. Between MoviePass and Mogul, we have a large, engaged moviegoing community that gives studios something they increasingly want — real insight into audience interest before release. Mogul creates a new way for fans to engage with films over time, similar to what fantasy sports did for sports, and that kind of engagement is valuable to studios looking to drive awareness, attendance, and longer-tail performance. We’re starting with pilots and focused integrations, proving impact first, and building long-term partnerships from there.","author_name":"Stacy Spikes","votes":0,"created_at":"2026-01-13T21:50:33Z"}]},{"id":319206,"entity_id":"wefunder:comment:319206","question":"Can you please confirm whether the shares being issued in this priced round will qualify as Qualified Small Business Stock (QSBS) under Section 1202 of the Internal Revenue Code? Details: I understand the pre-money valuation is listed at $50 million, which is the upper limit for QSBS eligibility. For clarity, could the company confirm: 1. Whether MoviePass is a U.S. C-corporation; 2. That its aggregate gross assets immediately after this offering will remain at or below $50 million (as defined under Section 1202(d)(1)); and 3. Whether the company intends for these shares to be issued in compliance with QSBS requirements. Many early-stage investors use QSBS status as a key factor in deciding whether to participate in a priced equity round. A confirmation here would help investors understand the potential long-term tax treatment of this investment. Thank you!","author_name":"Ian Tyndall","votes":2,"created_at":"2025-11-09T15:30:29Z","canonical_url":"https://wefunder.com/moviepass#question-319206","answers":[{"id":320575,"entity_id":"wefunder:comment:320575","answer":"Great question — QSBS eligibility is an important consideration for many early-stage investors, and I’m happy to clarify what we can share publicly. Before I begin, a quick note: I’m not able to provide tax or legal advice, and investors should rely on their own advisors for final determinations. That said, here’s the information we can confirm: 1. Corporate Structure Yes — MoviePass is a U.S. C-corporation. 2. Gross Assets Threshold Based on our current financials and projections, our aggregate gross assets immediately after this offering are expected to remain at or below the $50 million threshold defined under Section 1202(d)(1). This is also reflected in the valuation disclosed in our Form C. 3. Intent to Comply With QSBS Requirements Yes — we intend for shares issued in this priced round to qualify for QSBS treatment, and we operate the business with that eligibility in mind. However, as required, we cannot guarantee QSBS qualification, because final determination depends on factors outside our control as well as the individual tax situation of each investor. Bottom line: We are a U.S. C-corp. Our gross assets are expected to remain within the QSBS threshold. We intend for this issuance to qualify, though investors should consult their tax advisors for confirmation of their personal eligibility. If you have further questions or want to review the relevant sections of our Form C, I’m happy to point you to them. Best, Stacy","author_name":"Stacy Spikes","votes":0,"created_at":"2025-12-04T19:28:16Z"}]},{"id":318844,"entity_id":"wefunder:comment:318844","question":"Can y'all explain? https://www.vox.com/22526008/moviepass-ftc-complaint-password-block-scam","author_name":"Chris Courtney Martin","votes":2,"created_at":"2025-11-04T05:20:36Z","canonical_url":"https://wefunder.com/moviepass#question-318844","answers":[{"id":318896,"entity_id":"wefunder:comment:318896","answer":"Thanks for reaching out Chris. What happened with HMNY was difficult for everyone involved, myself included. When I was pushed out of MoviePass, decisions were made that I fundamentally disagreed with, and those choices ultimately led to the company’s collapse. I bought MoviePass back to restore our original mission: bringing movies to more people. This time, we’re committed to responsible growth and full transparency. I don’t take your trust lightly. I’ve rebuilt MoviePass — and our new platform, Mogul — to be lasting, transparent, and community-owned. You’re not investing in someone else’s story anymore; you’re investing in us, the original team, doing it right this time.","author_name":"Stacy Spikes","votes":2,"created_at":"2025-11-04T19:46:58Z"}]},{"id":318282,"entity_id":"wefunder:comment:318282","question":"The American Gaming Association (AGA) has actively cautioned sports leagues against partnering with 'insufficiently regulated' prediction markets. How do you plan to build partnerships with movie studios (your equivalent of 'leagues') when you exist in this legal gray area?","author_name":"Spencer Horelik","votes":2,"created_at":"2025-10-29T00:24:13Z","canonical_url":"https://wefunder.com/moviepass#question-318282","answers":[{"id":322957,"entity_id":"wefunder:comment:322957","answer":"It’s an important question, Spencer, and we’re very deliberate here. Mogul is not a sportsbook, and today it operates in a play-for-fun format with no real-money wagering, which allows studios to engage without regulatory risk. As we explore future monetization, we’re taking a compliance-first, jurisdiction-by-jurisdiction approach, working with experienced legal counsel and regulators before introducing any real-money mechanics. Our conversations with studios are grounded in engagement, insights, and audience participation, not betting. We’re building trust by starting responsibly, proving value in a regulated way, and only expanding when the legal framework is clear — that’s how we believe long-term partnerships are built. I went a bit more in depth in the last article we posted from Ankler. You can read it here: https://theankler.com/p/moviepass-is-back-really-this-time","author_name":"Stacy Spikes","votes":0,"created_at":"2026-01-13T21:52:03Z"}]},{"id":326651,"entity_id":"wefunder:comment:326651","question":"How has the feedback been for Mogul? How can/will you set yourself apart from other big betting companies if they were wanting to move into your space?","author_name":"Adam Sampson","votes":1,"created_at":"2026-03-02T21:45:38Z","canonical_url":"https://wefunder.com/moviepass#question-326651","answers":[]},{"id":326055,"entity_id":"wefunder:comment:326055","question":"How are you dealing with regulatory compliance that Kalshi and Polymarket have already gone with the CFTC? Are you somehow exempt from this? As we explore future monetization, we’re taking a compliance-first, jurisdiction-by-jurisdiction approach, working with experienced legal counsel and regulators before introducing any real-money mechanics. Our conversations with studios are grounded in engagement, insights, and audience participation, not betting. We’re building trust by starting responsibly, proving value in a regulated way, and only expanding when the legal framework is clear — that’s how we believe long-term partnerships are built. Does your model rely on CFTC approval or can you make the business model work without it? I believe consumers want to win real money and I don't know how you do that without CFTC approval.","author_name":"Mark Levin","votes":1,"created_at":"2026-02-23T21:52:02Z","canonical_url":"https://wefunder.com/moviepass#question-326055","answers":[{"id":326299,"entity_id":"wefunder:comment:326299","answer":"Thanks for that thoughtful question, Mark. We’re not operating as a CFTC-regulated event contract exchange like Kalshi or Polymarket. Mogul is being structured under the established Daily Fantasy Sports framework — similar to DraftKings and FanDuel — which follows a different regulatory pathway with a long operating history in the U.S.Our model does not rely on CFTC approval. It operates within existing fantasy contest and applicable state-level gaming frameworks, and we’re taking a compliance-first, jurisdiction-by-jurisdiction approach as we expand.We won’t launch real-money mechanics until we’re confident we’re operating within the appropriate legal structure. Long-term durability matters more than speed.— Stacy","author_name":"Stacy Spikes","votes":0,"created_at":"2026-02-26T15:20:29Z"}]},{"id":318283,"entity_id":"wefunder:comment:318283","question":"The pitch mentions “tokenized predictive contracts” and “liquidity pools” powered by SUI. Could you clarify how these instruments are structured to avoid classification as swaps or event-based contracts under CFTC regulations? Have you obtained formal legal opinions confirming this interpretation?","author_name":"Spencer Horelik","votes":1,"created_at":"2025-10-29T00:25:41Z","canonical_url":"https://wefunder.com/moviepass#question-318283","answers":[{"id":318893,"entity_id":"wefunder:comment:318893","answer":"Hi Spencer, At this stage, the game operates entirely as a free-to-play experience, with no real-money trading or financial instruments in use. The references to “tokenized predictive contracts” and “liquidity pools” in the pitch are conceptual elements intended for future development once the appropriate regulatory pathways and licenses are in place -- soon! The current capital raise is primarily aimed at funding the necessary legal reviews, licensing efforts, and compliance infrastructure to ensure that any future tokenized or market-based components are structured in full accordance with CFTC and other applicable regulatory frameworks. We have not yet obtained a formal legal opinion, as those reviews will be commissioned as part of this next phase of development and fundraising.","author_name":"Stacy Spikes","votes":1,"created_at":"2025-11-04T19:42:21Z"}]},{"id":333305,"entity_id":"wefunder:comment:333305","question":"How do I invest in Moviepass? I’m not great at technology and am trying to navigate this.","author_name":"Luanna Holley","votes":0,"created_at":"2026-05-09T01:16:04Z","canonical_url":"https://wefunder.com/moviepass#question-333305","answers":[]},{"id":326323,"entity_id":"wefunder:comment:326323","question":"Thank you for answering my earlier question. But the question related to Mogul i.e. can Mogul survive in the streaming-dominated movie/series scene of the future as opposed to the movie theater-dominated scene of the past?","author_name":"Dr. Paul Adjei","votes":0,"created_at":"2026-02-26T17:57:51Z","canonical_url":"https://wefunder.com/moviepass#question-326323","answers":[]},{"id":326155,"entity_id":"wefunder:comment:326155","question":"I am very interested in investing in MoviePass, but I can not seem to shake off this concern: Given the recent trend of preference for streaming, and Netflix’s entry into the market, your model appears to be designed for the past, NOT the future. Why am I wrong?","author_name":"Dr. Paul Adjei","votes":0,"created_at":"2026-02-24T23:44:51Z","canonical_url":"https://wefunder.com/moviepass#question-326155","answers":[{"id":326301,"entity_id":"wefunder:comment:326301","answer":"Thanks for your question, Paul!We’re not positioning MoviePass as a growth bet on theatrical subscriptions alone — that’s exactly why we’re building Mogul.Mogul moves us into interactive, speculative entertainment — similar to how FanDuel and DraftKings transformed sports engagement. Fans don’t just want to watch; they want to participate using their knowledge.The global fantasy sports market is projected to reach roughly $67 billion by 2030. Entertainment (despite being one of the most data-rich and culturally dominant industries in the world) hasn’t had its DraftKings moment yet.This isn’t a bet on the past. It’s a move into participatory entertainment — where the next wave of engagement is heading.","author_name":"Stacy Spikes","votes":0,"created_at":"2026-02-26T15:22:20Z"}]},{"id":321429,"entity_id":"wefunder:comment:321429","question":"When does this funding round end?","author_name":"Dr. Paul Adjei","votes":0,"created_at":"2025-12-18T16:04:21Z","canonical_url":"https://wefunder.com/moviepass#question-321429","answers":[{"id":322736,"entity_id":"wefunder:comment:322736","answer":"Hi there! Because of increased interest in the Reg CF, we've decided to extend the raise through February most likely.","author_name":"Stacy Spikes","votes":0,"created_at":"2026-01-09T19:10:13Z"}]}],"faq":[{"question":"The American Gaming Association (AGA) has actively cautioned sports leagues against partnering with 'insufficiently regulated' prediction markets. How do you plan to build partnerships with movie studios (your equivalent of 'leagues') when you exist in this legal gray area?","answer":"It’s an important question, Spencer, and we’re very deliberate here. Mogul is not a sportsbook, and today it operates in a play-for-fun format with no real-money wagering, which allows studios to engage without regulatory risk. As we explore future monetization, we’re taking a compliance-first, jurisdiction-by-jurisdiction approach, working with experienced legal counsel and regulators before introducing any real-money mechanics. Our conversations with studios are grounded in engagement, insi..."},{"question":"The pitch mentions “tokenized predictive contracts” and “liquidity pools” powered by SUI. Could you clarify how these instruments are structured to avoid classification as swaps or event-based contracts under CFTC regulations? Have you obtained formal legal opinions confirming...","answer":"Hi Spencer, At this stage, the game operates entirely as a free-to-play experience, with no real-money trading or financial instruments in use. The references to “tokenized predictive contracts” and “liquidity pools” in the pitch are conceptual elements intended for future development once the appropriate regulatory pathways and licenses are in place -- soon! The current capital raise is primarily aimed at funding the necessary legal reviews, licensing efforts, and compliance infrastructure t..."},{"question":"Can y'all explain? https://www.vox.com/22526008/moviepass-ftc-complaint-password-block-scam","answer":"Thanks for reaching out Chris. What happened with HMNY was difficult for everyone involved, myself included. When I was pushed out of MoviePass, decisions were made that I fundamentally disagreed with, and those choices ultimately led to the company’s collapse. I bought MoviePass back to restore our original mission: bringing movies to more people. This time, we’re committed to responsible growth and full transparency. I don’t take your trust lightly. I’ve rebuilt MoviePass — and our new plat..."},{"question":"Can you please confirm whether the shares being issued in this priced round will qualify as Qualified Small Business Stock (QSBS) under Section 1202 of the Internal Revenue Code? Details: I understand the pre-money valuation is listed at $50 million, which is the upper limit f...","answer":"Great question — QSBS eligibility is an important consideration for many early-stage investors, and I’m happy to clarify what we can share publicly. Before I begin, a quick note: I’m not able to provide tax or legal advice, and investors should rely on their own advisors for final determinations. That said, here’s the information we can confirm: 1. Corporate Structure Yes — MoviePass is a U.S. C-corporation. 2. Gross Assets Threshold Based on our current financials and projections, our aggreg..."},{"question":"Hi moviepass team/Stacy, Congrats on what you have achieved so far. I have a few questions; 1. Is moviepass pivoting to prediction market from Movie tickets subscription or planning to continue on movie subscription as well. 2. When is mogul expected to launch? i.e. open for a...","answer":"Thank you for the thoughtful questions — happy to clarify each of these. 1. Are we pivoting away from subscriptions into prediction markets? No — we’re not pivoting away. MoviePass will continue operating and growing the subscription business, which remains a strong, sustainable revenue engine. Mogul is an expansion, not a replacement. We see MoviePass evolving into a multi-product entertainment ecosystem, with subscriptions + Mogul working together to deepen fan engagement. 2. When will Mogu..."}]}}}