Tech mogul Sean Parker along with and Prem Akkaraju wants people to pay up for watching movies at home.
Napster's Sean parker is pitching a new premium service to rent newly released movies for $50. Prem Akkaraju known tech expert is also pitching the service along with Parker.
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The start-up service by Parker and Akkaraju is called the Screening Room. The service will offer secure anti-piracy technology that will offer new releases in the home.
The newly released movies will be offered at home on the same day they hit theaters. The Screening Room would charge about $150 for access to the set-top box. The box would transmit the movies and charge $50 per view. The box owners will have a 48-hour window to view the film.
The Screening Room will also offer customers who pay the $50 two free tickets to see the movie at a cinema. It is to be noted watching a movie in the theater only costs about $20.
The idea of the service is to end piracy of new movies over the internet, according to Variety. Still $50 is a lot of money for one movie and people will still find ways to illegally stream movies.
The box may also end up providing access to new movies outside of theaters. The new service conceived to end piracy may also end up seeing a giant surge in piracy.
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As predicted many are not happy with the new plan. One studio executive even told Variety the service could be the beginning of the end. The service could end up being incredibly damaging to the movie industry.