Napster founder, Sean Parker is aiming to launch a blockbuster movie streaming service backed by Steven Spielberg. Parker and his partner Prem Akkaraju, are looking to make marquee film titles available in-home on the same day as their theatrical release with new product Screening Room, which has been publically backed by Steven Spielberg, J.J. Abrams, Peter Jackson, Ron Howard, Martin Scorsese and others.

Unlike video on demand, which makes certain titles available while the film is still in theaters via iTunes, Amazon, cable and the like, Screening Room will bring in blockbusters to satisfy people who no longer like going to the theater, although each film is slated to cost $50 a pop for a 48-hour rental that will be streamed through a $150 set-top box transmitter equipped with anti-piracy features.