Napster founder is making a day-and-date film launch service

Sean Parker, Napster co-founder and ex-Fb president, is cooking up one other huge venture. In line with Selection, he and Prem Akkaraju (an exec at SFX Leisure, Inc.) have just lately pitched a premium day-and-date film launch service to studio representatives. It is reportedly referred to as “the Screening Room,” and the duo promised studios that it may possibly shield the films with a safe anti-piracy know-how.

If it sees the sunshine of day, it’s going to value you $one hundred fifty to purchase the set-prime field that transmits films the identical day they arrive out within the theatres. Each title can be obtainable so that you can watch inside a forty eight-hour interval, however you will should pay $50 each time you view it. Steep, however at the very least you’ll be able to watch films in peace, with out screaming youngsters and loud adults within the background. Plus, there is a purpose they plan to cost that a lot.

See, as a way to persuade studios and theatres to get on board, Parker and Akkaraju are providing them a lion’s share of the per-view payment. They even plan to provide you two film tickets for each title you pay for, so cinemas can earn from concession gross sales. After everybody else will get their cuts, the Screening Room takes its $5 fee.

Selection says Common, Fox and Sony are already displaying critical curiosity and have been learning the duo’s marketing strategy intently. The 2 additionally informed the individuals of their presentation that they are near signing a cope with AMC, which is within the midst of buying Carmike Cinemas. Negotiations are nonetheless within the very early levels, although. They nonetheless have to hash out particulars, particularly because the Screening Room needs to be studios’ unique content material associate.

Supply: Selection
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