The rise and fall of theater subscription service MoviePass is captured in new HBO documentary “MoviePass, MovieCrash.”
Dubbed “the Netflix of the movie theater” in the trailer, MoviePass was founded by Stacy Spikes and Hamet Watt in 2011 before former CEOs Mitch Lowe and Ted Farnsworth allegedly utilized fraudulent business tactics; the duo were charged by the Securities and Exchange Commission (SEC) in a 2022 lawsuit. The lawsuit additionally named ex-MoviePass Vice President Khalid Itum as a defendant, with Itum being accused of submitting false invoices for the company.
MoviePass filed for bankruptcy in 2020 after launching a $9.99 per month subscription in 2017 allowing people to see a movie a day. Upon moving to the $9.99 one movie per day model, subscriptions went from 20,000 to 100,000 users within two days, ultimately capping at more than 3 million subscribers in 2018. Yet the company still lost more than $150 million in 2017 alone. MoviePass filed for bankruptcy in 2019.
The company later...
Dubbed “the Netflix of the movie theater” in the trailer, MoviePass was founded by Stacy Spikes and Hamet Watt in 2011 before former CEOs Mitch Lowe and Ted Farnsworth allegedly utilized fraudulent business tactics; the duo were charged by the Securities and Exchange Commission (SEC) in a 2022 lawsuit. The lawsuit additionally named ex-MoviePass Vice President Khalid Itum as a defendant, with Itum being accused of submitting false invoices for the company.
MoviePass filed for bankruptcy in 2020 after launching a $9.99 per month subscription in 2017 allowing people to see a movie a day. Upon moving to the $9.99 one movie per day model, subscriptions went from 20,000 to 100,000 users within two days, ultimately capping at more than 3 million subscribers in 2018. Yet the company still lost more than $150 million in 2017 alone. MoviePass filed for bankruptcy in 2019.
The company later...
- 5/16/2024
- by Samantha Bergeson
- Indiewire
The entertainment industry’s newest streaming service is nearly here: Quibi, the mobile-only short-form video platform launches April 6, and IndieWire is exclusively announcing the upcoming platform’s slate of launch day documentaries.
“Run This City” is a newly-announced Quibi launch documentary that will follow Jasiel Correia II as he navigates his role as the youngest mayor ever elected to office. When the FBI indicts him for his former company, Correia vows to fight the charges and be vindicated. The series is executive produced by Mark Wahlberg, Stephen Levinson, Archie Gips, and Brent Hodge. Javier Quintana serves as co-executive producer, while Brent Hodge serves as director.
Quibi is also getting into the world of food — specifically pasta. The previously announced “Shape of Pasta,” executive produced by Tim and Mike Duffy and April Jones, will premiere on Quibi April 6 and focus on chef Evan Funke’s pursuit of pasta perfection. “NightGowns,” another...
“Run This City” is a newly-announced Quibi launch documentary that will follow Jasiel Correia II as he navigates his role as the youngest mayor ever elected to office. When the FBI indicts him for his former company, Correia vows to fight the charges and be vindicated. The series is executive produced by Mark Wahlberg, Stephen Levinson, Archie Gips, and Brent Hodge. Javier Quintana serves as co-executive producer, while Brent Hodge serves as director.
Quibi is also getting into the world of food — specifically pasta. The previously announced “Shape of Pasta,” executive produced by Tim and Mike Duffy and April Jones, will premiere on Quibi April 6 and focus on chef Evan Funke’s pursuit of pasta perfection. “NightGowns,” another...
- 3/5/2020
- by Tyler Hersko
- Indiewire
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