The MoviePass, MovieCrash documentary highlights two of the central figures who have been alleged to be accountable for the downfall of MoviePass, Mitch Lowe and Ted Farnsworth, but it did not clarify exactly where they are now. The documentary chronicles the rise and fall of MoviePass, a subscription service that permitted its customers to see a new film in theaters each and every day. MoviePass, MovieCrash had some shocking reveals about the business behind the subscription service and its leadership, namely MoviePass CEO Mitch Lowe and Ted Farnsworth, who was the CEO of Helios and Matheson Analytics, the parent business of MoviePass.

As MoviePass, MovieCrash chronicled, MoviePass shut down in 2019 following many scandals and unethical choices reportedly produced by Lowe and Farnsworth. While the business is nevertheless about, as original co-creator Stacy Spikes has due to the fact relaunched MoviePass, Lowe and Farnsworth’s tenure marked the company’s lowest point. After the MoviePass app was shut down, the business filed for bankruptcy in 2020 and ceased business enterprise operations. Lowe and Farnsworth seemingly contributed pretty a bit to the company’s downfall, and immediately after the events shown in MoviePass, MovieCrash, they had to answer for their actions.

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Mitch Lowe &amp Ted Farnsworth Are Still Awaiting Trial For Fraud

Each Of Their Four Charges Could Result In 20-Year Prison Sentences

Near the finish of MoviePass, MovieCrash, it was revealed that the FBI had investigated each Lowe and Farnsworth for acts of fraud they committed in the course of their time at MoviePass. Later, Lowe and Farnsworth settled two fraud instances that have been brought against them. One of the settlements, in the allegations produced by the Federal Trade Commission, barred Lowe and Farnsworth from misrepresenting their business enterprise and information safety practices. According to Business Insider, the other settlement, in charges produced by a California district lawyer, essential them to spend $400,000 in civic penalties and restitution.

Those instances weren’t the only ones brought against the former CEOs, although. According to Business Insider, each Lowe and Farnsworth have been also indicted on a single count of securities fraud and 3 counts of wire fraud. As of May 2024, each Lowe and Farnsworth are nevertheless awaiting trial for their respective fraud charges. Their trial does not have a set date however, but according to the United States Justice Department, it will be heard by a federal district judge in Miami. Each of these charges could carry a maximum sentence of up to 20 years in prison.

What Mitch Lowe Has Done Since MoviePass Shut Down In 2019

Lowe Has Spoken Very Openly About His Time With MoviePass, &amp Wrote A Book About It

As the CEO of MoviePass Inc., Mitch Lowe was out of a job when the business declared bankruptcy. He has not returned to a leadership position in any business enterprise due to the fact, but he has completed many points. Surprisingly, Lowe agreed to an interview that was featured in MoviePass, MovieCrash. Lowe does not appear to thoughts speaking about MoviePass, as he has spoken about his time with the business to distinct news publications. Lowe has even due to the fact written a book about his time with Netflix, Redbox, and MoviePass, which he titled “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 enterprise ventures, Ted Farnsworth did. According to Business Insider, Farnsworth founded a further business, Zash Global Media and Entertainment, in 2021. Zash then merged with a further business, Vinco Ventures. Farnsworth later bought a social media app named Lomotif, attempted to invest in the National Enquirer, and Vinco’s stock value crashed to be almost worthless. Business Insider even investigated his dealings at Zash and revealed that Farnsworth treated his new business in considerably the identical way he did MoviePass, as he drove up stock costs only for them to crash.

Farnsworth’s troubles did not cease there, although. He, like Lowe, was charged with many counts of fraud. However, in contrast to Lowe, Farnsworth has been in a Florida jail due to the fact August 2023, when he surrendered himself to authorities. The explanation he presently remains in jail is that his bail was revoked immediately after he crossed state borders without the need of notifying his probation officer and was involved in a domestic dispute.

Both Mitch Lowe and Ted Farnsworth have been straight involved in the downfall of MoviePass, and they have due to the fact begun to endure the consequences of their actions. While it will nevertheless be a even though till a court finds them either innocent or guilty, they will each be attempted for fraud. That trial will not undo the harm that MoviePass, MovieCrash alleges they triggered, but it will be a substantial improvement in the story of MoviePass.

MoviePass, MovieCrash (2024)

Director

Muta’Ali Muhammad

Release Date

March 9, 2024

Studio(s)

HBO Documentary Films , Unrealistic Ideas , Nightbrain Pictures , Tower Way , Assemble Media

Cast

Stacy Spikes , Hamet Watt , Ted Farnsworth

Runtime

96 Minutes

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