MoviePasshas lost their executive vice president. Khalid Itum has left the company after inside sources claimed that he had largely been absent over the last several weeks. CEO Mitch Lowe, who had previously taken a step back from the embattled subscription service is now back taking care of the day-to-day operations that Itum was once responsible for. Several rounds of recent layoffs have not helped matters for MoviePass or MovieFone, which they purchased back in 2018.
According to a statement from a MoviePass spokesperson, Khalid Itum left the company to “pursue his entrepreneurial and travel pursuits.” The spokesperson went on to say that chief technology officer Joey Adarkway and human resources head Jake Peterson, are “transitioning from full time employees to contracted consulting roles.” It’s unclear where themovie subscription servicewill move on to now. you may read the rest of the statement below.
“As previously stated, MoviePass hasmoved 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. This strategic shift has been accompanied by changes within the company.”
While MoviePass continued to go down the tubes, other subscription services started to sprout up that consumers have been happy with. As for Khalid Itum, it was revealed last month that he was reportedly charged in 2010 with stealing thousands of dollars from an old employer. Itum reportedly pleaded guilty to second degree theft. However, the former MoviePass VP denies the charges now and calls them “bogus and ill-intentioned.” Regardless, Itum has left MoviePass and the future of the subscription service does not look good at the moment.Business Insiderwas the first to report about Khalid Itum leaving the subscription service.
