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Corner Office from Marketplace

Movie theater subscription service Sinemia is determined to make it work

Corner Office from Marketplace

Marketplace

News, Business

4.8545 Ratings

🗓️ 1 August 2018

⏱️ 12 minutes

🧾️ Download transcript

Summary

You’ve probably heard of MoviePass, the subscription-based movie ticket service — yeah, the one having a lot of problems recently. Sinemia offers a similar ticket plan through their mobile app, but with a different business model. It’s not a household name yet in North America, but Sinemia’s expanded to Canada, Australia, the U.K. and now the U.S. Founder and CEO Rifat Oguz moved the company to Los Angeles last year, and he told us how he plans to make the movie subscription business work.

Transcript

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0:00.0

everybody it's kai rizdahl thanks for listening to this episode of the corner office podcast a brand new one for you

0:14.4

today and this week we're talking monthly movie subscription services you're probably thinking movie

0:19.2

pass right no not right. We're talking

0:21.8

Sinamia. It's Movie Pass's competitor here in the States. It's actually dominating over in the

0:26.5

UK, Turkey, Australia, and Canada as well. Refat Oghuz founded Sinemae in Turkey a couple of years

0:32.5

ago. He's the CEO of the company now based here in Los Angeles.

0:36.7

We're expecting you.

0:38.1

Don't you have a seat?

0:39.3

Ready to go to work.

0:41.7

Rufo Goos, thanks for coming to the studio.

0:43.8

Thanks for having me, Kai.

0:45.3

Tell me, first of all, how Cinemia works.

0:49.4

I go to the website and I sign up, what happens?

0:52.3

Sure.

0:52.9

Well, actually, you go to a website or app, you download the app, and you choose your plan.

0:59.7

Like X number of movies per month or whatever.

1:02.7

So we have tiered plans and you choose your plan and you start your membership.

1:07.7

And actually right now you can use it right away.

1:10.4

You don't have to wait for a physical

1:11.9

card but later if you want physical card it will arrive you and you will use it in the movie

1:17.2

theaters but it's a movie ticket subscription there you go so if I say movie ticket subscription service

1:23.6

to people out there on on figaro street outside Studios, they're going to say movie pass.

...

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