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{{short description|American businessman}}
'''MitchJ. Mitchell Lowe''' (born 1951/1952)'''<ref>{{Cite web |date=2022-11-04 |title=Former CEOs of MoviePass and Parent Company Charged in Securities Fraud Scheme |url=https://www.justice.gov/opa/pr/former-ceos-moviepass-and-parent-company-charged-securities-fraud-scheme |access-date=2022-11-06 |website=www.justice.gov |language=en}}</ref>''' is an American businessman known for his contributionswork in the video and rental industry.<ref>{{cite web |title=Meet MoviePass CEO Mitch Lowe, the guy upsetting the big movie theater chains |url=https://www.recode.net/2018/2/8/16987382/moviepass-amc-mitch-lowe-regal-cinemark-movie-theaters-profit-sharing-peter-kafka-media-podcast |website=Recode |accessdate=7 June 2018}}</ref> He was the CEO of [[MoviePass]], a [[subscription service]] that charged members a monthly fee for [[Ticket (admission)|movie tickets]] at cinemas. He has also served as an executive at [[Netflix]] and the president of [[Redbox]].<ref>{{cite web |title=Mitch Lowe Keynote Speakers Bureau and Speaking Fees |url=https://www.bigspeak.com/speakers/mitch-lowe/ |website=BigSpeak Motivational Speakers Bureau: Keynote Speakers, Business Speakers and Celebrity Speakers |accessdate=7 June 2018}}</ref>
 
== Career ==
Lowe was Presidentpresident of Video Droid from June 1984 to March 1998.<ref>{{cite web |title=Netflix Co-Founder and Former Redbox President Joins the Cantaloupe Systems Board of Directors - Cantaloupe Systems - Take Control. Get Cashless. Optimize Routes. Go Mobile. |url=https://www.cantaloupesys.com/about-us-mobile-cloud-vending-software/vms-news-room/netflix-cofounder-former-redbox-president-mitch-lowe-joins-board-of-directors |website=Cantaloupe Systems - Take Control. Get Cashless. Optimize Routes. Go Mobile. |accessdate=7 June 2018}}</ref><ref>{{cite web |title=Mitch Lowe: 'The Business is Changing in Favor of Netflix' |url=https://www.adweek.com/digital/mitch-lowe-netflix-redbox/ |accessdate=7 June 2018}}</ref> Following Video Droid, Lowe was VPvice president of Business Development and Strategic Alliances for Netflix from March 1998 to January 2003.<ref>{{cite web |last1=Spangler |first1=Todd |title=Ex-Netflix Exec Mitch Lowe Takes Over as MoviePass CEO |url=https://variety.com/2016/digital/exec-shuffle-people-news/mitch-lowe-moviepass-ceo-1201805026/ |website=Variety |accessdate=7 June 2018 |date=28 June 2016}}</ref> Then, at McDonald's Corporation, Lowe was Senior Director and VP of Operations from May 2003 to December 2005.<ref>{{cite web |title=The 2 Principles of Startup Success Strategy According to MoviePass CEO Mitch Lowe |url=https://www.business2community.com/startups/2-principles-startup-success-strategy-according-moviepass-ceo-mitch-lowe-02013150 |website=Business 2 Community |accessdate=7 June 2018}}</ref> After McDonald's, Lowe worked at Redbox as Chief Operating Officer (2005 to 2009) and President (2009 to 2011).<ref>{{cite web |title=Redbox President Mitch Lowe to Depart |url=https://www.hollywoodreporter.com/news/redbox-president-mitch-lowe-depart-214003 |website=The Hollywood Reporter |accessdate=7 June 2018 |language=en}}</ref> After his tenure at Redbox, Lowe was the CEO of Quarterly Co. from September 2012 to July 2014.<ref>{{cite web |last1=McKinney |first1=Sarah |title=How Quarterly Is Taking Relationships Between Influencers And Fans Offline |url=https://www.forbes.com/sites/sarahmckinney/2014/02/10/how-startup-quarterly-is-creating-deeper-off-line-relationships-between-influencers-and-their-fans/#7af7f1c62b2d |website=Forbes |accessdate=7 June 2018 |language=en}}</ref><ref>{{cite web |title=Quarterly Co. is back from the brink thanks to its new CEO, Netflix co-founder Mitch Lowe |url=https://pando.com/2013/06/18/quarterly-co-is-back-from-the-brink-thanks-to-its-new-ceo-netflix-co-founder-mitch-lowe/ |website=Pando |accessdate=7 June 2018 |language=en-gb |date=18 June 2013}}</ref>
 
From September 2011 to January 2016, he was a board member of the Charles Tillman Cornerstone Foundation, which helps children and families in need access needed opportunities and resources.<ref>{{cite web |title=Arts & Analytics Appoints Netflix Co-Founder Mitch Lowe to Its Advisory Board |url=http://www.marketwired.com/press-release/arts-analytics-appoints-netflix-co-founder-mitch-lowe-to-its-advisory-board-2054350.htm |website=Marketwired |accessdate=7 June 2018}}</ref> From August 2015 to April 2016, he was a board member of [[Alchemy (company)|Alchemy]], an independent distributor of film and television content in North America.<ref>{{cite web |title=Alchemy boosts board, hires strategy and planning exec |url=https://www.screendaily.com/alchemy-boosts-board-hires-strategy-and-planning-exec/5091339.article |website=Screen |accessdate=7 June 2018 |language=en}}</ref> From March 2015 to November 2017, he was also on the board of Cantaloupe Systems, a retail payments service provider that was acquired by USAT for over $80 million.<ref>{{cite web |title=Netflix Cofounder Mitch Lowe Joins Cantaloupe Systems' Board Of Directors {{!}} Articles {{!}} Vending Times |url=https://www.vendingtimes.com/articles/netflix-cofounder-mitch-lowe-joins-cantaloupe-syst-5625?iid=6E547D5B4A6644D481D3AFB2FDEB54C0 |website=www.vendingtimes.com |accessdate=7 June 2018}}</ref>
 
Lowe was named CEO of MoviePass in June 2016 and oversaw the growth of its userbase to more than 3 million subscribers.<ref>{{cite web |title=Let Them Watch Unlimited Movies: Mitch Lowe’sLowe's Plan to Bring People Back to the Movie Theater for Just $10/ Month - BigSpeak Motivational Speakers Bureau: Keynote Speakers, Business Speakers and Celebrity Speakers |url=https://www.bigspeak.com/mitch-lowe-moviepass-netflix-cofounder/ |website=BigSpeak Motivational Speakers Bureau: Keynote Speakers, Business Speakers and Celebrity Speakers |accessdate=17 June 2018 |date=16 August 2017}}</ref><ref>{{cite web |last1=Lang |first1=Brent |title=MoviePass to Experiment With New Pricing Models, CEO Says |url=https://variety.com/2016/film/news/moviepass-new-prices-netflix-mitch-lowe-1201806341/ |website=Variety |accessdate=17 June 2018 |date=1 July 2016}}</ref> However, the company's business model struggled, dropping to less than 300,000 subscribers in the end.<ref>{{cite web |last1=Crum |first1=Rex |title=It’sIt's a wrap for MoviePass: Subscription service to shut down Saturday |url=https://www.dailynews.com/2019/09/13/thats-a-wrap-for-moviepass-subscription-service-to-shut-down-saturday/ |website=Los Angeles Daily News |publisher=los angeles daily news |accessdate=13 September 2019}}</ref> Lowe instructed MoviePass employees to change user passwords to save money in July 2018 when it ran out of funds.<ref>{{Cite web|url=https://www.newsweek.com/moviepass-changed-subscribers-passwords-so-they-couldnt-see-movies-report-claims-1453494|title=MoviePass changed users' passwords so they couldn't see movies, new report says|last=van Hagen|first=Isobel|date=2019-08-09|website=Newsweek|language=en|access-date=2019-08-14}}</ref>
On September 13, 2019, Lowe announced to subscribers that MoviePass would shut down the next day because "efforts to recapitalize the company have not been successful to date."<ref>{{cite web |title=Troubled MoviePass Film Subscription Service Shutting Down |url=https://losangeles.cbslocal.com/2019/09/13/troubled-moviepass-film-subscription-service-shutting-down/ |website=losangeles.cbslocal.com |publisher=CBS |accessdate=13 September 2019}}</ref> Lowe left the company around January 28, 2020, after MoviePass' parent company filed for Chapter 7 bankruptcy and announced that it had ceased all business operations.<ref>[https://www.linkedin.com/in/mitchlowe/ LinkedIn]</ref><ref>{{Cite web|url=https://variety.com/2020/digital/news/moviepass-bankruptcy-parent-helios-and-matheson-1203485327/|title=MoviePass Parent Company Files for Bankruptcy|last=Spangler|first=Todd|date=2020-01-29|website=Variety|language=en|access-date=2020-02-02}}</ref>
 
On June 7, 2021, MoviePass and Lowe settled charges with the [[Federal Trade Commission]] alleging that resetting customers' passwords and related behaviors violated the Federal Trade Commission Act and the [[Restore Online Shoppers' Confidence Act|Restore Online Shoppers’ Confidence Act]] (ROSCA).<ref>{{cite web | title= Operators of MoviePass Subscription Service Agree to Settle FTC Allegations that They Limited Usage, Failed to Secure User Data | url=https://www.ftc.gov/news-events/press-releases/2021/06/operators-moviepass-subscription-service-agree-settle-ftc | access-date=2021-06-09}}</ref><ref>{{cite web | title=MoviePass Deceived Users So They’dThey'd Use It Less, F.T.C. Says | url=https://www.nytimes.com/2021/06/08/business/moviepass-settlement-ftc.html | website = New York Times | access-date=2021-06-09}}</ref>
 
On November 4, 2022, Mitch Lowe, along with Theodore Farnsworth, the former CEO of MoviePass' parent company [[Helios &and Matheson Analytics]], were each charged with one count of securities fraud and three counts of wire fraud stemming from their time together at MoviePass.<ref>{{Cite web |last=Guerrasio |first=Jason |title=The former CEOs of MoviePass and its parent company have been charged in a securities fraud case |url=https://www.businessinsider.com/former-ceo-of-moviepass-charged-in-securities-fraud-case-2022-11 |access-date=2022-11-06 |website=Business Insider |language=en-US}}</ref>
 
On September 16, 2024, Lowe pleaded guilty to a securities fraud charge related to the all-you-can-watch subscription scheme at MoviePass.<ref>{{Cite web |last=Maddaus |first=Gene |date=2024-09-16 |title=Former MoviePass CEO Mitch Lowe Pleads Guilty to Securities Fraud Conspiracy |url=https://variety.com/2024/film/news/mitch-lowe-moviepass-securities-fraud-guilty-conspiracy-1236146013/ |access-date=2024-09-17 |website=Variety |language=en-US}}</ref>
 
==References==
Retrieved from "https://en.wikipedia.org/wiki/Mitch_Lowe"