Overview
- Ted Farnsworth and Mitch Lowe face charges of securities fraud following the collapse of MoviePass.
- The documentary reveals the financial mismanagement and lavish spending that led to the company's downfall.
- Original co-founders Stacy Spikes and Hamet Watt were pushed out before the company's rapid decline.
- MoviePass's unsustainable $10 monthly subscription model attracted millions but proved financially disastrous.
- Spikes has since relaunched MoviePass, which became profitable again in 2023.