Mitch Lowe has been a leader in some of the most influential and disruptive companies in the entertainment business. Mitch never graduated from high school. After a youth spent smuggling goods and money in Europe, he invested in and eventually ran video stores in the 1980s and 1990s. He was a cofounding executive of Netflix. After leaving Netflix, he became an executive at McDonald’s, eventually creating the DVD kiosk business that would become Redbox. Under his leadership as president and COO, Redbox became the third largest video rental company in America, growing to 35,000 locations and $1.5 billion in revenues. Mitch invested in and became CEO of MoviePass, a movie theatre subscription service that acquired three million subscribers in eight months. While MoviePass never succeeded, it significantly influenced the trajectory of the business of movie theatrical exhibition. In his new book Watch and Learn, Mitch gives an inside perspective on the dramatic evolution of the entertainment business, from the days of early cable television, Beta, and VHS to a world where consumers have infinite choice and control of the movies they see. In this interview, I speak to Mitch Lowe, Co-Founding Executive of Netflix, Former CEO of MoviePass and Former President of Redbox. We look at the lessons he learned from one of the fastest growing, competitive, and creative industries on the planet, and how those insights extend far beyond entertainment into all industries. We talk about disruption, success, innovation, and the importance of listening to your gut.
A Conversation with Mitch Lowe, Co-Founding Executive of Netflix, Former CEO of Moviepass and Former President of Redbox.