Mitch Lowe Ted Farnsworth Stacy Spikes film information Interviews CEO security UPS Тикеры Mitch Lowe Ted Farnsworth Stacy Spikes

‘MoviePass, MovieCrash’: Founder Stacy Spikes on Mitch Lowe, Racial Bias and Where the Company Stands Today

Reading now: 653
variety.com

Katcy Stephan Back in 2017, a little red debit card was the hottest ticket in town — for film buffs and investors alike. One swipe of a MoviePass membership card gave access to daily movie tickets at a staggeringly low monthly subscription rate of $9.95.

And the concept promised to redefine the future of the moviegoing business. Subscriptions exploded, the company’s stock soared and investors rushed to get in on the venture.

But the deal was, as skeptics suspected, too good to be true: MoviePass lost $150 million in 2017, and ultimately shuttered in 2019.

It’s tempting to chalk up the failure to an unsustainable business model. Yet the new HBO documentary “MoviePass, MovieCrash,” which premieres May 29, aims to paint a clearer picture of just what went wrong. “There’s a story under the story,” Stacy Spikes, who co-founded MoviePass with Hamet Watt in 2011, tells Variety.

Read more on variety.com
The website celebsbar.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA