HBO Documentary Explores MoviePass's Tumultuous Journey
'MoviePass, MovieCrash' delves into the rise, fall, and unexpected revival of the controversial ticket subscription service.
- MoviePass's $9.95-a-month plan led to massive financial losses and operational chaos.
- Founders Stacy Spikes and Hamet Watt were ousted as new management took over, leading to the company's downfall.
- The documentary highlights racial dynamics in the business, with Black founders replaced by white executives.
- Legal troubles ensued for former executives amid allegations of fraud and mismanagement.
- Stacy Spikes has since regained control, steering MoviePass to its first profitable year.