MoviePass, MovieCrash
Summary
TheMoviePass , MovieCrashdocumentary highlights two of the fundamental pattern who were alleged to be responsible for for the downfall of MoviePass , Mitch Lowe and Ted Farnsworth , but it did n’t explain where they are now . The docudrama chronicle the cost increase and decline of MoviePass , a subscription service that allow its drug user to see a unexampled film in theaters every twenty-four hour period . MoviePass , MovieCrashhad some lurid revealsabout the company behind the subscription avail and its leaders , namely MoviePass CEO Mitch Lowe and Ted Farnsworth , who was the chief operating officer of Helios and Matheson Analytics , the parent company of MoviePass .
AsMoviePass , MovieCrashchronicled , MoviePass shut down in 2019following several dirt and unethical decisions reportedly made by Lowe and Farnsworth . While the company is still around , as original Centennial State - creatorStacy Spikes has since relaunched MoviePass , Lowe and Farnsworth ’s incumbency mark the society ’s modest point . After the MoviePass app was close down , the society register for bankruptcy in 2020 and ceased business operations . Lowe and Farnsworth on the face of it chip in quite a bit to the company ’s downfall , and after the issue shown inMoviePass , MovieCrash , they had to do for their actions .
These epic HBO Max documentary are the good on the streaming political platform , as ranked by IMDb , and cover a wide-cut range of topics , both dark and light .
Mitch Lowe & Ted Farnsworth Are Still Awaiting Trial For Fraud
Each Of Their Four Charges Could Result In 20-Year Prison Sentences
Near the closing ofMoviePass , MovieCrash , it was reveal that the FBI had inquire both Lowe and Farnsworth for bit of fraud they committed during their time at MoviePass . after , Lowe and Farnsworth settle two fraud sheath that were bring against them . One of the settlements , in the allegations made by the Federal Trade Commission , debar Lowe and Farnsworth from misrepresenting their business and data security practices . According toBusiness Insider , the other settlement , in charges made by a California district attorney , want them to pay $ 400,000 in civic penalties and indemnification .
MoviePass , MovieCrashis uncommitted to pelt on Max .
Those cases were n’t the only ones brought against the former CEOs , though . consort toBusiness Insider , both Lowe and Farnsworth were also indict on one tally of security fraud and three counts of wire fraud . As of May 2024 , both Lowe and Farnsworth are still awaiting trial for their respective fraud charge . Their trial does not have a set date yet , but according to theUnited States Justice Department , it will be find out by a federal district jurist in Miami . Each of those charges could carry a maximum conviction of up to 20 twelvemonth in prison house .
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What Mitch Lowe Has Done Since MoviePass Shut Down In 2019
Lowe Has Spoken Very Openly About His Time With MoviePass, & Wrote A Book About It
As the CEO of MoviePass Inc. , Mitch Lowe was out of a job when the company declared bankruptcy . He has not give to a leadership stance in any byplay since , but he has done several thing . Surprisingly , Lowe harmonise to an interview that was featured inMoviePass , MovieCrash . Lowe does not seem to beware speaking about MoviePass , as he has spoken about his time with the company to dissimilar news publications . Lowe has even since written a book about his clock time with Netflix , Redbox , and MoviePass , which he entitle " Watch and Learn : How I Turned Hollywood Upside Down with Netflix , Redbox , and MoviePass―Lessons in Disruption . "
Where Is Ted Farnsworth Now?
Ted Farnsworth Is In Jail, Awaiting His Trial For His Fraud Charges
While Lowe did not return to his business ventures , Ted Farnsworth did . accord toBusiness Insider , Farnsworth establish another society , Zash Global Media and Entertainment , in 2021 . Zash then merged with another party , Vinco Ventures . Farnsworth later on purchased a social medium app call Lomotif , attempt to buy the National Enquirer , and Vinco ’s neckcloth damage crashed to be nearly slimy . Business Insider even investigated his dealings at Zash and revealed that Farnsworth treat his new company in much the same path he did MoviePass , as he get up stock certificate prices only for them to go down .
Farnsworth ’s hassle did not stop there , though . He , like Lowe , was charged with several count of fraud . However , unlike Lowe , Farnsworth has been in a Florida jail since August 2023 , when he surrendered himself to authorities . The reason he currently remain in gaol is that his bond was repeal after he crossed state borders without give notice his probation officer and was involve in a domestic difference .
Both Mitch Lowe and Ted Farnsworth were directly involve in the ruin of MoviePass , and they have since begun to suffer the issue of their action . While it will still be a while until a Margaret Court discover them either innocent or guilty , they will both be try for shammer . That tribulation wo n’t loosen the harm thatMoviePass , MovieCrashalleges they do , but it will be a significant development in the level of MoviePass .
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