Business
Serial entrepeneur James Norman launches GroupFlix – an alternative to Netflix
Monday, November 4, 2013
James Norman (pictured), a serial entrepreneur, the man behind Ubi (a video aggregation site), has launched a new venture GroupFlix that will compete with Netflix.
GroupFlix is an online video service that allows TV lovers to pay for monthly subscriptions for individual shows.
Users start by selecting which shows they are interested in watching. If enough users commit to a subscription, the show will be “unlocked.” Users will then the charged a monthly fee – typically US$8 to US$10 to watch showsthe day after they air.
GroupFlix will take a revenue share of the monthly payment, and will receive payment from partners based on data provided.
Read more: Benzinga