Saturday, September 23, 2023

Former MoviePass execs now face criminal fraud

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Shreya Christina
Shreya has been with for 3 years, writing copy for client websites, blog posts, EDMs and other mediums to engage readers and encourage action. By collaborating with clients, our SEO manager and the wider team, Shreya seeks to understand an audience before creating memorable, persuasive copy.

That they falsely claimed that MoviePass’s $9.95 “unlimited” plan was tested and sustainable and would be profitable or even cost on subscription fees.

That Farnsworth and Lowe knew that MoviePass had no non-subscription revenue that would make MoviePass self-sufficient or otherwise offset its losses.

Falsely claiming that MoviePass goods costs naturally decreased over time, as they expected.

That they allegedly instructed MoviePass employees to implement numerous tactics to prevent certain subscribers from using the supposedly “unlimited” service.

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