Mitch Lowe invested in and became CEO of MoviePass, Inc. in June 2016. MoviePass is a Movie Theater subscription service and is headquartered in New York City.
Mitch was a founding Executive at Netflix, Inc., serving as Netflix’s Entertainment Domain Expert and as Vice President of Business Development & Strategic Alliances from 1998 to 2003.
In 2003 Mitch joined the investment group at McDonald’s to co-lead as COO and then as President, at Redbox, a DVD vending machine rental service, that under his leadership grew to 35k kiosks across the US with revenue growing from less than $1m in 2003 to $1.5B in revenue in 2011 with over $325m in free cash flow.
Since then Mitch has made many personal investments in start-ups primarily in the entertainment, blockchain and social space. Mitch is passionate about the success and business fulfillment of people in large businesses as well as first-time entrepreneurs.
If you want to be the leader of your industry, you need to disrupt your market. Mitch Lowe is an expert in disruption. As a chief executive officer of Netflix, Redbox, and MoviePass, Lowe has disrupted the movie industry three times: two times he disrupted how we rent movies (by mail and by kiosk) and is in the process of disrupting how we pay for our movie theater experience. In this exciting and informative talk, Lowe will share the behind-the-scenes secrets of how he built a culture that disrupted movie watching and how you can build your own culture to disrupt your own industry.
Remember when Netflix decided to increase their monthly fee by 60% or when Redbox raised their rental prices higher than $1 per night? Drawing on instances from his time at Netflix and Redbox, Mitch explains decisions made when the companies faced existential and strategic crises, providing reasoning behind those decisions and their effects—for better and/or worse.
Mitch discusses the wrong ways to make a decision and which factors are actually not helpful in the decision making process. He then details how to make a well informed decision by looking holistically at the pros and cons, the processes and resources through which a decision is implemented, and the likelihood of success.
This, along with Mitch’s other presentations, can be tailored to the audience, whether they be marketing, sales, operations, strategic based.
Theory and strategy are important, but execution is absolutely crucial. Sharing stories from his experiences at Netflix and Redbox, Mitch reveals the framework for designing and implementing a positive and winning culture.
The culture that developed in the early days of Netflix played a large role in the success of the company, and when Mitch took over as Redbox President he brought that culture with him. While, Redbox—a Chicago based company with midwest values–was a very different company than the Silicon Valley based Netflix, Mitch was able to implement the framework of the successful Netflix culture and customize it to fit Redbox’s goals and company values.
In this presentation Mitch, shows how a winning culture can be customized to align with any company’s unique philosophy to create an exceptional working environment that you and your employees will be proud of.
Innovation requires unwavering commitment and support throughout the entire organization, which is often difficult to achieve for two reasons: one, the financial commitment and, two, getting everyone onboard for disruptive work. In this presentation, Mitch details the processes to get the whole team on board to work together towards innovative results.