MoviePass, Led And Co-Founded By Stacy Spikes, Lands $100M Investment To Launch Hollywood's First Daily Fantasy Entertainment Platform
New funding has been raised to help movie fans benefit from the entertainment industry.
On May 1, 2025, tech platform MoviePass — with the help of its partner, the C3 Foundation — announced the launch of Mogul, a 'daily fantasy entertainment platform' for Hollywood, according to a press release.
The platform, which is the first of its kind, allows fans to participate in fantasy-style tournaments, head-to-head matchups, and solo challenges where they can apply their insights to predict audience attendance, critic scores, award winners, and more.
'You basically create your own studio by picking real movies, real actors, real directors and the way those projects behave in the real world, and your ability to pick and predict what might happen, impacts your scoring,' explained Stacy Spikes, co-founder and CEO of MoviePass, via an exclusive from Variety.
Furthermore, fans can receive incentives such as blockchain-based digital rewards, including new avatar images and artwork, Inc. reports. In the future, Mogul intends to allow fans to earn cash.
The app is projected to have 200,000 active users on the platform by the end of May 2025 and already has a waitlist of 400,000, Variety shared.
'We're letting people enter in waves in order to not completely overwhelm the system,' Spikes explained to the outlet.
Looking ahead, the goal is revamp MoviePass to improve 'platform features, including data-driven competitions, digital collectibles, rewards-based gameplay and community-led challenges,' said Spikes, per Variety. This will be made possible through a $100 million capital investment from Global Emerging Markets.
'We've always been a company built from a fan perspective,' Spikes also said to the outlet. 'We're not a studio, we're not a theater, but we want to really find a new way of creating engagement around going to the movies. We don't want people to just sit at home. This allows film fans to show the same competitive spirit that sports teams inspire.'
The post MoviePass, Led And Co-Founded By Stacy Spikes, Lands $100M Investment To Launch Hollywood's First Daily Fantasy Entertainment Platform appeared first on AfroTech.The post MoviePass, Led And Co-Founded By Stacy Spikes, Lands $100M Investment To Launch Hollywood's First Daily Fantasy Entertainment Platform appeared first on AfroTech.
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