Napster founder plans to screen movies at home on day they hit cinemas

Revolutionary Screening Room venture by Sean Parker could end 'theatrical window' by offering new films at $50 a pop - despite industry doubts

A new service that would make major blockbusters available at home on the same day they hit cinemas has been proposed by the Napster founder, Sean Parker, despite reports of major misgivings in Hollywood.

Parker's startup venture, known as the Screening Room, would offer movies for $50 (35) in the US, with as much as $20 going to compensate theatrical distributors for their potential losses. Variety reports "serious interest" from studios Universal, Fox and Sony, as well as cinema chain AMC, the second largest in North America with 346 sites.