OREANDA-NEWS. March 16, 2016. That's the proposition behind Screening Room, the new streaming service from Napster co-founder and former Facebook president Sean Parker and entertainment mogul Prem Akkaraju. And with Variety reporting that Streaming Room has financial backing from some of the biggest names in movies, including directors Peter Jackson and J.J. Abrams, the next big disruptor to the film industry looks to have the approval of Hollywood itself.

Ever since the days of VHS, film buffs have had to wait anywhere from a few weeks to a few months for their favorite movies to make it from the cinema to their TV screen. Even today, with boundary-pushing as the order of business for the likes of Netflix, Amazon Prime and your local cable company, there's lag time before Hollywood's output comes knocking on your home entertainment door.

Screening Room is looking to change that by cutting out the delay altogether.

The concept is simple. You'll be able to stream a film on the same day it's released in theaters, but the convenience will come at a premium: \\$50 for a 48-hour viewing period per film. You'll also need a dedicated set-top box (equipped with antipiracy protections), which will set you back a further \\$150.