You will be redirected back to your article in seconds

Top MoviePass Executive Khalid Itum Leaves Company

Khalid Itum, the executive tasked with overseeing day-to-day operations at MoviePass, has left the struggling subscription service, Variety has confirmed. Insiders had previously said Itum had been largely absent in recent weeks and MoviePass CEO Mitch Lowe had assumed more of a leadership role after previously stepping back.

According to a spokesperson for the company, “Itum will be leaving MoviePass to pursue his entrepreneurial and travel pursuits.” The spokesperson also added that Chief Technology Officer Joey Adarkway and human resources head Jake Peterson, are transitioning from full time employees to contracted consulting roles. There have been several rounds of layoffs at MoviePass in recent weeks, impacting its business development operations and MovieFone, the movie directory service it purchased in 2018. Dozens of staffers have been cut, according to one insider.

“As previously stated, MoviePass has moved in a new strategic direction, and will be refocusing our business model to create a more closely connected relationship between our subscription service and original content production unit, MoviePass Films,” the spokesperson said in a statement.

MoviePass Films is a joint venture with Emmett/Furla Films. The company’s projects include the John Travolta flop “Gotti” and the upcoming action-thriller “10 Minutes Gone” starring Bruce Willis.

Itum was promoted to his role of executive VP in October, with the new job formally announced in December. At the time, MoviePass said Lowe was stepping back from management while Itum developed a strategic plan to make the company profitable.

MoviePass positioned itself as a Netflix-like disruptor and gained an avid following with its low-cost subscriptions. For less than $10 a month, customers could see nearly an unlimited number of films. But the company had to change its subscription plans several times as it ran low on money. Earlier this week, MoviePass had to restate its earnings to acknowledge that its losses in 2018 were deeper than it had initially reported.

Last month, Variety reported that Itum was charged in 2010 with stealing thousands of dollars from a previous employer, the furniture company Workspaces LLC. Itum acknowledged charging personal expenses on a company debit card and pleaded guilty to second degree theft. In an email at the time, Itum called the charges “bogus and ill-intentioned.”

Business Insider first reported Itum’s departure.

More Film

  • Abigail Disney on Bob Iger

    Abigail Disney Calls Robert Iger's Pay 'Naked Indecency' in Op-Ed

    After stirring a flurry of reactions over her Tweets calling out wage inequality at the Walt Disney Co. on Sunday, Abigail Disney, a filmmaker and philanthropist who is the grand niece of Walt Disney, penned an opinion column outlining her arguments against Disney’s pay practices. In her op-ed, which was published in the Washington Post [...]

  • Avengers: Endgame

    'Avengers: Endgame' Reaps $90 Million in China by Late Afternoon of Opening Day

    “Avengers: Endgame” is already breaking records in China, raking in $89.6 million (RMB602 million) as of 5 p.m. on opening day Wednesday – two days ahead of the U.S. – and putting itself firmly on track to become the biggest Hollywood title ever in the Middle Kingdom. The Marvel finale has already set a new [...]

  • ‘The Gift: The Journey of Johnny

    Film Review: ‘The Gift: The Journey of Johnny Cash’

    Very much in the manner of an “unplugged” acoustic album that showcases the musicianship of a major artist without distracting flash and filigree, “The Gift: The Journey of Johnny Cash” is a tightly focused yet impressively multifaceted documentary that attempts nothing less than to delve past familiar myths and illuminate the soul of its fabled [...]

  • Emily Morgan Cormac Fox Gregoire Debailly

    European Film Promotion Reveals 2019's Producers on the Move

    Twenty of Europe’s up-and-coming producers are going to Cannes with European Film Promotion. The organization unveiled its latest roster of Producers on the Move on Wednesday, a lineup that features France’s Gregoire Debailly, who produced Jean-Bernard Marlin’s “Sheherazade,” which premiered in Critics’ Week in Cannes last year, and Ireland’s Cormac Fox, who produced Sophie Hyde’s [...]

  • Avengers EndGame Trailer

    ‘Avengers: Endgame’ Tops Studios’ TV Ad Spending

    In this week’s edition of the Variety Movie Commercial Tracker, powered by TV ad measurement and attribution company iSpot.tv, Marvel claims the top spot in spending with “Avengers: Endgame.” Ads placed for the superhero film had an estimated media value of $6.28 million through Sunday for 927 national ad airings on 39 networks. (Spend figures [...]

  • Oscar OScars Placeholder

    Netflix Can Chill: Academy Rules No Change in Streaming Oscar Eligibility

    The Academy of Motion Picture Arts and Sciences will not change eligibility rules for the Oscars, despite speculation that streaming companies might see a crackdown on their release practices when pursuing golden trophies. A board of governors meeting on Tuesday voted to maintain the status quo, that any feature-length film can be considered for the [...]

  • Aniara review

    Film Review: 'Aniara'

    Each year brings an example or three of purported “thinking person’s science-fiction” films, a category that pretty much embraces anything not centered on monsters or lightsaber battles. These efforts are often more admirable in theory than result, but “Aniara” — the first film drawn from Nobel Prize-winning Swedish poet Harry Martinson’s 1956 cycle of 103 [...]

More From Our Brands

Access exclusive content