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‘MoviePass, MovieCrash’: Founder Stacy Spikes on Mitch Lowe, Racial Bias and Where the Company Stands Today
MoviePass founder Stacy Spikes reflects on the company's dramatic story, as told in Muta'Ali's "MoviePass, MovieCrash" documentary.
As Spikes and Watt sought to source funding for their startup and grow their subscriber base, Mitch Lowe was brought on as CEO at the behest of key investors, while analytics firm Helios and Matheson purchased a majority share in the company. When “Yusuf Hawkins: Storm Over Brooklyn” director Muta’Ali was approached by producer Scott Veltri to helm the project, he immediately resonated with the “sadly familiar” story of two Black entrepreneurs being pushed aside by two white execs, who then implied the idea was their own. The doc from Mark Wahlberg’s Unrealistic Ideas production company features interviews with Spikes and Watt, board member Chris Kelly, former FTC director Daniel Kaufman, as well as financial analysts, retail investors and former MoviePass employees and subscribers.
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