• Bingie, a free app that enables users to recommend shows and movies to friends – and to carry discussions and debates about them into one consolidated place – launches Wednesday.
  • The founders are serial entrepreneurs who view the social aspect of the app as a key differentiator between their company and most streaming services' reliance on algorithmic recommendations.

Two observations give Matt Knox and Joey Lane confidence that their new app, Bingie – launching Wednesday on iOS out of L.A. – will succeed. Both revolve around the same truth: there's a lot of stuff to watch.

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For many musicians, the democratization of music production and distribution carried the promise of reaching multitudes of eager fans at the touch of an upload button.

Yet with over 40,000 new tracks being uploaded each day, creating a virtually infinite selection of music available on most streaming platforms, breaking through as an artist has in some ways become more difficult than ever, especially on the global stage.

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  • Pirated streaming subscription services, a billion-dollar industry with large profit margins, have been on the rise for the last two years.
  • They give users access to premium cable and sports content, still-in-theater films, DVD content, Amazon, Netflix and more, for $10 to $15 a month.
  • Why it matters: The convenience comes at a steep cost to the U.S. economy, roughly $29B, including an impact to jobs. The Motion Pictures Association says combating such illicit streaming is their "highest priority."
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