Napster co-founder and former fb president Sean Parker is engaged on a new on-line media service referred to as The Screening Room, range said.
variety mentioned the provider will let subscribers watch new videos at domestic the identical day they unlock in theatres. here is feasible thanks to the enterprise's anti-piracy expertise.
Parker is joined through Prem Akkaraju, who is CEO and co-founding father of the business.
Akkaraju became a associate at SFX enjoyment and InterMedia companions, and worked at JP Morgan amusement companions and Sanctuary track community.
in response to variety, a group-correct field for The Screening Room will cost about $a hundred and fifty, and films will charge $50 per viewing. users may have forty eight hours to monitor a film.
Exhibitors are reportedly in on the deal, with The Screening Room offering them as plenty as $20 of the price.
The business additionally presents customers who pay the $50 price two free tickets to look the film at a cinema of their alternative.
Distributors will additionally get a cut of the payment, which is believed to be 20%, before The Screening Room takes its 10% cut.
diversity mentioned that The Screening Room declined to remark.
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