The Torrent Site That Could Kill Netflix

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An open-source project with no funding and no business plan or model might be posing the biggest threat to Netflix, Inc.
NFLX
nowadays. Intrigued?

Ever Heard About Popcorn Time?

Popcorn Time provides a free (yes, free!) service that allows users to access tons of movies, TV series, documentaries, etc., without paying for it. Although many (including Netflix) allege that this is a form of piracy, sources within the undertaking say that they have checked with several lawyers, who assured the project was legal, Quartz (http://qz.com/344394/hollywood-should-be-very-afraid-of-popcorn-time-the-netflix-for-pirates/) informs. "Popcorn Time does not control or manage any of the content that is accessible through the service; it just provides the method of access," the note explains. The thing about Popcorn Time is its aesthetics: as it looks really good, even similar to Netflix's site and app, users don't feel bad, dirty or self-conscious about using it.

What Should Netflix And Wall Street Worry About?

It seems like Popcorn Time is becoming increasingly popular, not only in countries considered to be "lawless" or "anomic," but also in first world countries like the U.S. and, even to a lager extent, the Netherlands. Quartz informs that "BTIG analyst Rich Greenfield for one, has repeatedly warned that ‘Hollywood should be very afraid' of apps like Popcorn Time, which he says could threaten the financial strength of the entertainment business. ‘The reality is TV everywhere [i.e., online services from US cable TV providers and channels such as HBO Go] has gone nowhere while the piracy sites such as Popcorn Time have continued to innovate,' Greenfield says in an email."
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Posted In: Analyst ColorNewsCrowdsourcingAnalyst RatingsTechMediaGeneralbtigPopcorn TimeQuartzRich Greenfield
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