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Chuck E. Cheese rolls out subscription program

Chuck E. Cheese rolled out a new subscription program, one of many tactics food and entertainment companies have deployed to excite a consumer that's increasingly pulling back.

For as little as $7.99 or up to $29.99 a month, customers can play a set amount of games per day plus a receive a 20-50% discount on food and extra games credits. Mark Kupferman, CEO of Chuck E. Cheese, called it "the biggest, best deal" the company has had.

"We understand families are struggling to find affordable entertainment options outside the home right now," Kupferman said in a statement. "Our goal is to ensure every kid can be a kid, and there's no better way to achieve that than with the new Chuck E. Cheese Fun Passes."

Chuck E. Cheese filed for bankruptcy in 2020 after the pandemic forced it to close down its operations. The company was looking to go public in 2019, but ultimately those plans flopped, and in December it was reportedly looking for a buyer.

"We understand families are struggling to find affordable entertainment options outside the home right now," Kupferman said in a statement. "Our goal is to ensure every kid can be a kid, and there's no better way to achieve that than with the new Chuck E. Cheese Fun Passes."

Chuck E. Cheese filed for bankruptcy in 2020 after the pandemic forced it to close down its operations. The company was looking to go public in 2019, but ultimately those plans flopped, and in December it was reportedly looking for a buyer.

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Ford to bring eyes-off driving to its new EV platform by 2028

Ford is wading into the autonomous race against rivals like Tesla and GM.

On Wednesday evening, the Detroit automaker said it plans to introduce “Level 3” eyes-off systems to vehicles being built on its new production platform in Louisville by 2028. The first vehicle planned for the platform is a $30,000 midsize EV truck, planned for 2027.

In an interview with Reuters, Ford Chief EV and Design Officer Doug Field said the tech would not come at the $30,000 price point and would cost extra. Field said the company is still weighing just how much extra, and whether the system should be sold via a subscription model.

According to Ford, the eyes-off and hands-off tech will utilize lidar. Ford shares ticked up slightly in premarket trading on Thursday.

In August, Reuters reported that Ford rival Stellantis had shelved its Level 3 program due to high costs.

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