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The Blockbuser video, that was put out of business with Redbox, the movie rental company, Mitch Lowe knows.

Lowe also was on the founding executive team at Netflix, who guide the company to be the dominant online streaming service.  He is a business destroyer at the Silicon Valley that shuts the door to industry, and now he is trying to use his power against the cinema.

 

He became new executive at Moviepass and makes a dramatic move by lowering the monthly subscription rate to $9.95

 

With this kind of membership you could watch any movie, anytime and any movie theater in the US.    This service used to be $50 an expenditure for only the most dedicated film lovers. Now at almost $10 Lowe thinks he did it again. “By lowering that price, the group we can get to go much more often,” he says. Which is great for the business.

 

Moviepass angers the AMC biggest theater chain in the US, has threatened to take legal action against the company.





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