Millionaires Can Now Pay $ 3,000 to Stream New Movies at Home

If you're looking for another reason to hate the rich, Red Carpet Home Cinema is here to help. For $ 1500 to $ 3000 by movie, the company will allow you to rent movies exclusively in the comfort of your mansion.

But not only no matter who can register for this anti-MoviePbad service. To qualify, you must go through a strict verification process. The New York Times states that applicants must have a credit card with a limit of at least $ 50,000 and that approved applicants must then purchase and install a $ 15,000 streaming box. has protection against piracy. In addition, Red Carpet Home Cinema is not accessible to all the old millionaires. At present, the service is available only in Los Angeles and New York. The company's FAQ site indicates that it will expand to other markets at a later date, but for now, "we intend to limit the number of members in 2019."

In terms of rental rates, the company says the films will be "variable price", with most new movies costing "thousands of dollars", none falling below $ 500. This will give you two views over a 36-hour period. Until now, the company has entered into distribution agreements with several major Hollywood studios including Warner Bros., Paramount, Lionsgate, Annapurna, 20th Century Fox and Fox Searchlight. Current movies as Shazam! and Pet Sematary, as well as upcoming features like Rocketman and Detective Pikachu are among those advertised on the company's website.

This is not a new idea: Sean Parker of Napster and Facebook Infamy presented his version of a home video service called Screening Room a few years ago and were looking to offer home movies at $ 50 each. Similarly, Prima Cinema offered a service in 2013 that simply required the installation of a $ 35,000 box for a $ 500 movie rental.

The main difference this time is that Red Carpet is founded by two wealthy businessmen who have no desire to disrupt a notoriously rigid industry: Fred Rosen, former President and CEO of Ticketmaster, and Dan Fellman, the one of the most experienced executives of Hollywood film distribution. They are also quite ambivalent about the number of millionaires they need to subscribe to their service. In an interview with the NYT, Rosen said the company could earn $ 300 million a year if only 4,000 customers signed up. "We're a niche offer – I'm too old to be disturbed – but even if a studio earns between $ 25 and $ 40 million a year, we've found some money," Rosen said in an interview.

Cool. Thanks to the rich people for giving priority to other wealthy for a service at everyone's reach The number of movie theater entries dropped to 1.23 billion in 2017, the highest number ever. low since 1995 according to the National Association of Theater Owners. This figure has rebounded somewhat in 2018 to reach 1.3 billion, but rising ticket prices and streaming services such as Netflix, Hulu and Amazon Prime Video continue to negate the incentive for normal people to go at the theatre. Meanwhile, MoviePbad, Sinema and other theater-owned pbades destined for the rest of the population continue to rage.