"MoviePass Exposé: HBO's 'MovieCrash' Chronicles Rise and Fall"

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Source: TechCrunch
"MoviePass Exposé: HBO's 'MovieCrash' Chronicles Rise and Fall"
Photo: TechCrunch
TL;DR Summary

HBO's new documentary "MoviePass, MovieCrash" explores the rise and fall of MoviePass, highlighting the overlooked contributions of its Black co-founders, Stacy Spikes and Hamet Watt, who were ousted before the company's collapse. The film sheds light on the challenges Black entrepreneurs face in securing venture capital, with Spikes hoping it will inspire more funding for minority founders. Despite MoviePass's bankruptcy and the legal troubles of later executives, Spikes has since repurchased and relaunched the company, achieving profitability in 2023.

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