Dealflicks is like “Priceline for movie tickets” – users on our app can save up to 60% on movie tickets, popcorn, and soda with no convenience fees throughout the year. 88% of movie theater seats are empty, while $50B+ is spent globally on movie tickets and concessions annually.
The 900+ theaters locations that provide discounted tickets on our app (including 12 of the top 50 chains and #4 Carmike Cinemas) love us because we help them get butts in their empty seats. We just surpassed the $4M annual revenue run rate, currently selling 120,000+ movie tickets and concessions per month.
Since launching in July 2012, Dealflicks has been featured in CNBC, The New York Times, TechCrunch, NBC, CBS, The Los Angeles Times, Forbes, Film Journal, The Verge, and more, and our iPhone app has been featured 10x by Apple.
We previously raised a seed of $2.9M from 500 Startups, Warner Brothers, Barbara Corcoran, Rubicon VC, XG Ventures, Wavemaker Partners, and others.
Users: Dealflicks offers movie ticket deals on iPhone and Android apps and desktop/mobile websites. There are no convenience fees. Users can see the movies, showtimes, and deals available at our 900+ theater locations and then checkout with 1 click once their credit card is saved. No printing required – just show up to the box office to get your tickets and concessions. Deals can be movie tickets alone or combos that include popcorn and/or soda depending on the theater.
Theaters: For theaters, Dealflicks helps them get butts in their empty seats. Currently 88% of movie theater seats are empty. They can list this inventory on the Dealflicks platform, dynamically pricing each showtime based on a number of factors including time of day, day of week, how long a movie has been out, movie studio, and more. Theaters can also vary the inventory available by showtime. There are no setup fees, monthly fees, or monthly minimums for theaters – Dealflicks only takes a ~15% cut of the inventory sold.
A Proven Model: Dealflicks has proven the model for small, independent theaters and large chains alike, showing significant increases in ticket sales, revenue, and concession sales for theaters across the country. In 2015, the 4th largest movie theater chain Carmike ran a pilot with Dealflicks in 44 of their locations. Carmike saw $7.47 in incremental revenue per Dealflicks purchase due to lift in attendance and concession purchasing. As a result, they rolled out all 270 of their locations on January 22, 2016.
Additional Revenue Streams: In addition to the core business of selling movie tickets and concessions, Dealflicks has also started generating revenue through advertising and data monetization.
Co-founder Sean Wycliffe grew up watching a ton of movies - comedies/dramas, good/bad, opening night/5 weeks in, Netflix/Redbox - you name it, he saw it. One of the things he noticed was that there were a ton of empty seats. After doing some research, he found that 88% of theater seats are empty. That shocked him, and he had the idea for Dealflicks - yield management for movie theaters.
Kevin Hong and Sean Wycliffe worked together at a long distance marketing business 10 years ago. Sean told him about the concept for Dealflicks, and Kevin jumped on board as Sean's co-founder.
The two of them spent months interacting with theaters, distributors, and movie-goers, eventually launching Dealflicks - a win/win for all parties.
Frequently Asked Questions
When you complete your investment on SeedInvest, your money will be transferred to an escrow account where an independent escrow agent will watch over your investment until it is accepted by Dealflicks. Once Dealflicks accepts your investment, and certain regulatory procedures are completed, your money will be transferred from the escrow account to Dealflicks in exchange for your shares. At that point, you will be a proud owner in Dealflicks.
Preferred equity is usually issued to outside investors and carries rights and conditions that are different from that of common stock. For example, preferred equity may include rights that prevent or minimize the effects of dilution or grants special privileges in situations when the company is sold.
A convertible note is a unique form of debt that converts into equity, usually in conjunction with a future financing round. The investor effectively loans money to a startup with the expectation that they will receive equity in the company in the future at a discounted price per share when the company raises its next round of financing.
To learn more about startup investment types check out “How to Choose a Startup Investment” in our academy.
To make an investment, you will need the following information readily available:
- Personal information such as your current address and phone number
- Employment and employer information
- Net worth and income information
- Social Security Number or government-issued identification
- ABA bank routing number and checking account number (typically found on a personal check or bank statement)
Until a closing occurs, you may cancel your investment at any time, for any reason. You will receive an email when the closing occurs and your shares have been issued. If you have already funded your investment and your funds are in escrow, your funds will be promptly refunded to you upon cancellation. To cancel your investment, please go to your portfolio page.
Currently there is no market or liquidity for these shares. Right now Dealflicks does not plan to list these shares on a national exchange or another secondary market. At some point Dealflicks may choose to do so, but until then you should plan to hold your investment for a significant period of time before a “liquidation event” occurs. A “liquidation event” is when Dealflicks either lists their shares on an exchange, is acquired, or goes bankrupt.
You can return to SeedInvest at any time to view your portfolio of investments and obtain a summary statement.
This is Dealflicks's fundraising profile page, where you can find information that may be helpful for you to make an investment decision in their company. The information on this page includes the company overview, team bios, and the risks and disclosures related to this investment opportunity.
This investment is highly speculative and should not be made by anyone who cannot afford to risk the entire investment amount. In addition to these risks, you should carefully consider the specific information and risks disclosed in Dealflicks’s profile.