Why Sean Parker's plan to stream movies still in theaters for $50 could work
Mar 16, 2016, 20:45 IST
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Billionaire Sean Parker made his name by forever disrupting the music industry with Napster. Now he's aiming for the movie business. He's currently shopping his latest venture: The Screening Room, and he already has the support of many titans of the movie business such as Steven Spielberg and JJ Abrams.
The Screening Room would allow first-run movies playing in theaters to be streamed to a set-top box in your home. Each movie rental would cost $50. While the idea is already getting some pushback from some theater owners and studios, it's easy to see the product's potential upside.
Produced by Graham Flanagan
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