Barbara
THE RISE AND FALL OF MOVIEPASS
To many, MoviePass was a revolutionary concept in the entertainment industry, offering unlimited movie screenings for a fraction of the cost of a regular ticket. However, behind the scenes, there were warning signs of its unsustainable growth that were largely ignored by its executives.
A DAMNING ACCOUNT OF MOVIEPASS
The documentary "MoviePass, MovieCrash" delves into the downfall of MoviePass, showcasing the struggles faced by the company as it burned through venture capital without a viable business model. Interviews with former employees, investors, and analysts provide insight into the company’s missteps.
THE ORIGIN STORY OF MOVIEPASS
Founder Mitch Lowe’s journey from a regional video rental chain to becoming CEO of MoviePass is highlighted in the documentary. His passion for film and ambitious goals are juxtaposed with the company’s eventual demise.
HALCYON DAYS OF MOVIEPASS
The documentary reflects on MoviePass’ initial success and the quest for venture capital that propelled its growth. It examines the pivotal moment in 2016 that shaped the company’s trajectory and the involvement of Stacy Spikes and Hamet Watt in its founding.
REVISITING MOVIEPASS’ HISTORY
The documentary challenges the narrative presented by Mitch Lowe, shedding light on the roles of Stacy Spikes and Hamet Watt in the company’s creation. It addresses the industry’s reluctance to invest in Black founders and the impact it had on MoviePass.
LEARNING FROM MOVIEPASS’ DEMISE
The documentary explores the contrasting approaches of white, male executives like Mitch Lowe and Black founders like Stacy Spikes and Hamet Watt. It emphasizes the importance of prioritizing long-term sustainability over immediate growth and profit.
REFLECTING ON MOVIEPASS’ LEGACY
In retrospect, the downfall of MoviePass may not come as a surprise given the industry’s obsession with rapid expansion and unsustainable practices. However, the documentary provides a detailed account of the company’s rise and fall, turning a common business narrative into a compelling story.
MOVIEPASS, MOVIECRASH ON HBO
Don’t miss the airing of "MoviePass, MovieCrash" on HBO on May 29th. Get ready to delve into the captivating story of MoviePass and its dramatic downfall.
