Mitch Lowe is an American businessman known for his contributions in the video and rental industry. He was the CEO of MoviePass, a subscription service that charged members a monthly fee for movie tickets at cinemas. He has also served as an executive at Netflix and the president of Redbox.
Career
Lowe was President of Video Droid from June 1984 to March 1998. Following Video Droid, Lowe was VP of Business Development and Strategic Alliances for Netflix from March 1998 to January 2003. Then, at McDonald's Corporation, Lowe was Senior Director and VP of Operations from May 2003 to December 2005. After McDonald's, Lowe worked at Redbox as Chief Operating Officer and President. After his tenure at Redbox, Lowe was the CEO of Quarterly Co. from September 2012 to July 2014. From September 2011 to January 2016, he was a board member of the Charles Tillman Cornerstone Foundation, which helps children and families in need access needed opportunities and resources. From August 2015 to April 2016, he was a board member of Alchemy, an independent distributor of film and television content in North America. From March 2015 to November 2017, he was also on the board of Cantaloupe Systems, a retail payments service provider that was acquired by USAT for over $80 million. Lowe was named CEO of MoviePass in June 2016 and oversaw the growth of its userbase to more than 3 million subscribers. However, the company's business model struggled, dropping to less than 300,000 subscribers in the end. Lowe instructed MoviePass employees to change user passwords to save money in July 2018 when it ran out of funds. On September 13, 2019, Lowe announced to subscribers that MoviePass would shut down the next day because "efforts to recapitalize the company have not been successful to date." On January 28, 2020, MoviePass' parent company filed for Chapter 7 bankruptcy and announced that it had ceased all business operations. Lowe's LinkedIn profile indicates he has left the company.
