NEW YORK, NY - DECEMBER 06: Napster cofounder Sean Parker speaks at a Spotify event on December 6, 2012 in New York City. Metallica recently announced that their music will now be available on the music streaming site. Spotify's founder and CEO Daniel Elk, who started the Swedish music streaming business in 2006, introduced a variety of new additions to the popular music sight. Elk also announced that Spotify now has 5 million paid subscribers, 20 million active users and has paid out a half billion dollars to artist's record labels. (Photo by Spencer Platt/Getty Images)
By
Lexie Hammesfahr
Video includes clips from Walt Disney Studios and images from Getty Images.
Variety reported Parker is an investor in the startup Screening Room, which uses anti-piracy technology to let users watch films at home the same day they hit theaters.
Attempts to put new movies in homes have failed in the past, but this one could succeed. Screening Room will bring both distributors and exhibitors in on the revenue it makes.
Critics say the plan is too expensive, but supporters insist that splitting the $50 cost among five friends to watch a new film at home costs less than catching a flick in theaters.
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