Would you pony-up $50 to stay at home and rent a 30 day currently theater released movie – PB/TK
Hollywood is fighting billionaire Sean Parker’s plan to let you rent movies still in theaters for $50 – By Jason Guerrasio / May 31 2017
Last year, the tech billionaire Sean Parker made headlines with his latest startup: a streaming service called Screening Room that would give users the ability to watch major movies still in theaters from the comfort of their homes for $50.
Instantly, people online said Parker was about to change the movie business as he did with the music industry 18 years ago, when he helped create the file-sharing service Napster.
Hollywood power players began to take sides: Steven Spielberg, Ron Howard, J.J. Abrams, and Peter Jackson have all praised the forward-thinking philosophy of Screening Room. (They all also happen to be stakeholders.) Meanwhile, other filmmaking giants like Christopher Nolan and James Cameron, along with Kevin Tsujihara, the chairman and CEO of Warner Bros., have spoken out against it, voicing the importance of an exclusive theatrical experience.
But since the initial rush of news and analysis about the venture, the buzz around Screening Room has nearly disappeared — on the internet, but also, more importantly, in Hollywood. And now it looks as though the project may be a flop.
Continue to businessinsider.com article: http://www.businessinsider.com/sean-parker-screening-room-backlash-2017-5
