MoviePass co-founder Stacy Spikes is trying to stage a comeback–and save movie theaters in the process
before they were household names. “I was the Spike Lee of distribution because there was no one of color on that side of the fence,” he says. In 2004, the festival hosted the premiere of the thrillerstarring Jamie Foxx, Tom Cruise, and Jada Pinkett Smith. “I felt like I’d summited Everest, but I needed to find what was next.”Hollywood So Often Gets Black History Wrong.
Spikes used to bring an analyst named Geoff Kozma with him to pitch meetings to run the numbers in real time. “So Geoff and I walk into the meeting, and the guy walks over to Geoff, puts his hand out, and goes, ‘Stacy, it’s so nice to meet you,’ and Geoff goes, ‘That’s Stacy.’” Kozma was a young white man. “But even after that, at that meeting and a lot of other meetings, Geoff would be sitting there, and the VC guys’ attention would start drifting toward him.
MoviePass co-founders Stacy Spikes, left, and Hamet Watt at AMC in San Francisco, Calif., on January 29, 2011.Around that time the company had 20,000 subscribers who were being charged $34.95 to $49.95 per month, and it was still losing about $50,000 to $110,000 per month. Lowe, too, struggled to convince investors that MoviePass had juice. Looking back, he says Spikes may indeed have faced discrimination, but there was clearly a problem with the business proposition as well.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Twitter takeover: Jack Dorsey says Elon Musk is ‘solution I trust’Platform’s co-founder backs controversial takeover by world’s richest man
Read more »
Elon's payday for Twitter execs: Dorsey to get $928m and CEO $39mTwitter executives are in line for multimillion dollar payouts if Elon Musk's $44 billion buyout proceeds as planned, with co-founder Jack Dorsey the biggest winner, followed by the CEO and former chair.
Read more »
Prevalence of drink and needle spiking unknown, MPs sayHome affairs committee calls for urgent improvements in reporting, investigating and prosecuting of spiking incidents
Read more »
What is Adenovirus and what are the symptoms?Infectious microbes may be linked to spike in illnesses among young people
Read more »
Spiking victims dismissed as having 'one too many', say MPsMany victims criticised the attitudes of door staff of pubs and clubs, who rejected their concerns or even threw them out for being 'drunk'.
Read more »
Spiking victims dismissed as having 'one too many', say MPsAnecdotal evidence suggests spiking is widespread but victims are reluctant to report it, say MPs.
Read more »