A24 has unveiled a secret documentary about Elizabeth Holmes, the founder of Theranos, created by Nathan Fielder. Titled “You Can See Everything,” the film premiered unexpectedly at the Telluride Film Festival on September 7, 2026, and is set for theatrical release in October. Co-directed by Fielder and Lance Oppenheim, the documentary captures Elizabeth Holmes life starting 34 days before her prison sentence, following her as she allowed a film crew to document her activities during this pivotal time.
Initially envisioned as an intimate look at the convicted fraudster, the project evolved into a comprehensive three-year endeavor that included visits to Elizabeth Holmes in prison. This long-anticipated film has affirmed the speculations surrounding Fielder secretive interviews with Elizabeth Holmes over the years, shedding light on her controversial journey in Silicon Valley.
Elizabeth Holmes
Elizabeth Anne Holmes, born February 3, 1984, is an American businesswoman known for her role as the founder of Theranos, a health technology company that aimed to revolutionize blood testing. Founded in 2003, Theranos valuation reached significant heights in the early 2010s due to its claims of requiring only small volumes of blood for testing, such as from a fingerprick. In 2015, Elizabeth Holmes was named the youngest and wealthiest self-made female billionaire in the U.S. by Forbes, with the company valued at $9 billion; however, this success was short-lived, as fraud allegations emerged about the accuracy of Theranos technology.
The downturn for Theranos began in 2015 following investigative journalism and regulatory scrutiny. By 2018, the U.S. Securities and Exchange Commission (SEC) charged both Elizabeth Holmes and the former COO Ramesh “Sunny” Balwani with raising $700 million through deceitful practices regarding the company blood-testing accuracy. Elizabeth Holmes settled with the SEC, agreeing to pay a $500,000 fine, relinquish control of Theranos, and accept a ten-year ban from corporate leadership.
Throughout the duration of Theranos, Elizabeth Holmes maintained a secretive romantic relationship with Balwani, and together, they fostered a corporate culture characterized by secrecy and fear, often marginalizing or dismissing employees who raised concerns. Following the company collapse, Elizabeth Holmes married hotel heir William “Billy” Evans in 2019, and they have two children born in 2021 and 2023.
Elizabeth Holmes was indicted by a federal grand jury in June 2018 on fraud charges. Her trial concluded in January 2022, resulting in her conviction for defrauding investors, although she was acquitted of defrauding patients. She received a sentence of 11 years and 3 months in Federal Prison Camp, Bryan, starting on May 30, 2023, and was ordered to pay $452 million in restitution to the victims of her fraud. Elizabeth Holmes ability to attract influential advisors, including former cabinet officials like Henry Kissinger and George Shultz, further heightened the perceived credibility of Theranos during its operational years.
Two Directors, Very Different Backgrounds
Fielder and Oppenheim represent a unique collaboration between two directors with notably different backgrounds and styles. Fielder is recognized for his innovative work in television, particularly with HBO “The Rehearsal” and the Comedy Central series “Nathan For You,” both of which showcase a distinct comedic approach.
In contrast, Oppenheim is revered in the documentary filmmaking sphere, having directed significant works such as “Some Kind of Heaven” and the highly acclaimed “Primetime,” which features actor Robert Pattinson and garnered positive reviews at the Venice Film Festival shortly before its screening at Telluride. This pairing of Fielder and Oppenheim introduces an unconventional perspective to the retelling of the Elizabeth Holmes narrative, merging Fielder comedic sensibilities with Oppenheim documentary expertise.
What the Teaser Shows
A24 has unveiled an official teaser trailer in conjunction with the premiere at Telluride, showcasing a dramatic interaction between Fielder and Elizabeth Holmes. In the clip, Elizabeth Holmes confronts Fielder, asserting that she has nothing to hide and denies any deception, claiming there is no motive for such actions. Fielder, however, remains skeptical, offering concise replies that suggest doubt. Elizabeth Holmes insists on her authenticity throughout the exchange. This brief but potent dialogue encapsulates the primary tension that the film intends to explore, hinting at a deeper narrative conflict that unfolds during its entire runtime.
Three Years in the Making
The project reported by IndieWire, which has been in development for three years, maintained a high level of secrecy during production. Despite ongoing industry speculation about Fielder Elizabeth Holmes project, official confirmation from either Fielder or A24 only came with its reveal at the Telluride Film Festival. The film logline characterizes the narrative as “mind-bending,” indicating that the plot extends significantly beyond the initial 34-day pre-prison timeframe, evolving into a comprehensive multi-year journey.
October Theatrical Release
A24 has announced the theatrical release of “You Can See Everything” for October 2026, although a specific date has yet to be disclosed. The film will premiere at the Telluride Film Festival, coinciding with the release of its trailer, indicating A24 intention to promote the film after maintaining secrecy throughout its production and the festival buildup.
The documentary initial chapter revolves around Elizabeth Holmes, who was convicted of fraud in January 2022 linked to her blood-testing company, Theranos. Following her conviction, she commenced her prison sentence, marking a significant aspect of the film narrative focus.
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