Former MoviePass CEO Mitch Lowe has pleaded guilty to securities fraud conspiracy
Mitch Lowe, whose actions as CEO helped push MoviePass into bankruptcy, is facing up to five years in federal prison at his sentencing.
Former MoviePass CEO admits the $9.95 ‘unlimited’ ticket scheme was fraud
Lowe, who took over as CEO of MoviePass in 2016, started allowing users to see a movie a day through an unlimited subscription in 2017. But the money-burning tactic eventually led to MoviePass’s demise,
Ex-MoviePass CEO Mitch Lowe Pleads Guilty to Securities Fraud Conspiracy After Taking Plea Deal
Former MoviePass chief executive Mitch Lowe has pled guilty to a securities fraud charge related to his role in swindling investors about the company’s monthly movie subscription service. Lowe on Monday entered a plea agreement in which he admitted fault for conspiring to inflate the price of MoviePass’ stock by lying about the profitability and
Former MoviePass CEO reportedly pleads guilty to securities fraud
Mitch Lowe, one of two MoviePass execs indicted by the Justice Department in 2022, has pleaded guilty to securities fraud charges. The former MoviePass CEO admitted to conspiring to deceive the public and investors about the service’s sustainability.
Former MoviePass CEO Mitch Lowe Pleads Guilty to Securities Fraud Conspiracy
Former MoviePass CEO Mitch Lowe pleaded guilty Monday to a securities fraud charge, admitting that he conspired to deceive the public and investors about the sustainability of the company’s $9.95-a-month movie subscription service.
Former MoviePass CEO admits the $9.95 ‘unlimited’ ticket scheme was fraud
“Mitch is a good man who is looking to move forward with his life,” Lowe’s attorneys, Margot Moss and David Oscar Markus, said in a statement to Variety. “He has accepted responsibility ...
Business Insider India2y
Former MoviePass CEO Mitch Lowe looks back on the mistakes that led to the startup's collapse
Since the collapse of movie-ticket-subscription startup MoviePass in 2019, its former CEO Mitch Lowe has been trying to figure out what went wrong. How did a promising app that caught the interest ...
BBC7y
He made Netflix, now he's hacking movie night
Do you remember Blockbuster Video? Mitch Lowe does. And he remembers what they said to him as he set about putting them out of business with Redbox, the movie rental company. “They said 'wait a ...
The Hollywood Reporter2y
Winston Cho
Federal prosecutors, in an indictment unsealed on Tuesday, accused the music mogul of engaging in a “pervasive pattern of abuse” […] Former MoviePass chief executive Mitch Lowe has pled ...
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MoviePass' CEO says he will focus on the 'occasional moviegoer,' and has a new strategy for working with theaters
MoviePass CEO Mitch Lowe told Business Insider the mission of the company is now to focus on the "occasional moviegoer." He said 40% of cost of goods sold were from the 15% of subscribers who ...
BGR7y
MoviePass now lets you see one movie each day in theaters for just $10 per month
MoviePass, the startup currently run by former Netflix executive Mitch Lowe, pays theaters the full price for every ticket purchased by a MoviePass subscriber (excluding 3D and IMAX screens).
USA Today1mon
Brandon Lowe Player Props: August 21, Rays vs. Athletics
Spence gets the start for the Athletics in his 17th of the season. He holds a record of 7-8 with a 4.64 ERA and 87 Ks in 108 2/3 innings pitched. His last outing came on Thursday versus the New ...