Fielder’s Secret Holmes Doc Unveiled at Telluride

Key points

• The documentary 'You Can See Everything' had its world premiere at the Telluride Film Festival in a secret screening where audience members were unaware of the film’s identity until they took their seats.
• Filmed in 2023, the project began when Holmes and her partner Billy Evans invited Fielder and Oppenheim to their Southern California home 34 days before Holmes began her 11-year prison sentence for defrauding investors.
• The 174-minute film features extensive, unfiltered access to Holmes and Evans, including scenes where they demonstrate Theranos equipment and watch the Hulu series 'The Dropout.'
• Holmes maintains her innocence in the film, claiming she never lied and that the Theranos technology was legitimate, while Evans is shown managing her public image and image-making efforts.
• The film includes a meta-theatrical segment where Amanda Seyfried, who played Holmes in 'The Dropout,' reads transcripts of Holmes’s prison phone calls, blurring the line between reality and performance.
• A24 will release the documentary theatrically on October 16, 2026, following its surprise debut at Telluride.

Background

Elizabeth Holmes was convicted in 2022 of defrauding investors of hundreds of millions of dollars through her biotech company Theranos, which falsely claimed to have developed a revolutionary blood-testing device. She is currently serving an 11-year sentence at the Federal Prison Camp in Bryan, Texas. Nathan Fielder is known for his work in the 'reality-fiction' genre, including 'The Rehearsal,' while Lance Oppenheim is a documentarian known for 'Some Kind of Heaven.' The film builds on prior media coverage of Holmes, including the Emmy-winning Hulu series 'The Dropout,' which featured Amanda Seyfried as Holmes.

How outlets are covering it

Slate emphasizes the 'unhinged' and 'weird' nature of the film, highlighting Holmes’s insistence on her truth and Fielder’s struggle to understand the experience. The New York Times focuses on the secret nature of the Telluride screening and the revelation that Holmes and Evans were planning to launch a 'new and improved Theranos' while she was imprisoned. Variety critic Owen Gleiberman frames the film as a 'psychodrama' that explores the psychology of Holmes’s delusion, noting her inability to grasp humor or alternative interpretations of reality. Deadline highlights the unprecedented access and the 'no-holds-barred' nature of the interviews, including Evans’s shower scene and the retrieval of Theranos machinery, while questioning the motives behind Holmes’s decision to grant such access to a stranger.

Why it matters

The documentary challenges traditional documentary formats by blending investigative journalism with surreal, meta-theatrical elements, raising questions about truth, deception, and the nature of reality in media. It provides a rare, intimate look at a convicted fraudster’s mindset and the dynamics of her relationship with her partner, offering a new perspective on the Theranos scandal. The film’s secrecy and surprise release at a major festival underscore its potential to disrupt the documentary genre and spark public debate about Holmes’s legacy and the ethics of media representation.

What to watch

The documentary is scheduled for a wide theatrical release on October 16, 2026, via A24. Neither Holmes nor Evans has seen the final cut, and the film’s reception will likely influence public discourse around Holmes’s conviction and the broader implications of her actions. The film’s unique format may also impact future documentary practices, particularly in how filmmakers approach subjects with controversial or criminal backgrounds.