Sounds great in theory, but it would be far more expensive than what Aereo is doing because you're buying more expensive equipment and even more expensive content.
If you're talking one movie per player, that means only one person could watch it at one time - anywhere in the world. So you'll need hundreds of copies of a single movie, with hundreds of players to play them, just to satisfy the market. Perhaps thousands for a hot title to adequately meet demand.
So ultimately, how much could you rent the movies for and could it compete with Netflix on price?
I can respect someone that goes on TV and admits with confidence that they're a bigot, even while I completely disrespect them. It's much better than all the closet bigots trying to come up with lame excuses for their bigotry.
Techdirt is definitely analysis rather than a news source, esp. since every article links to an actual news source that Techdirt comments on. Unless you consider what Mike et al says about the news is news, the source is what should be posted on Reddit News instead of Techdirt.
There are plenty of other places on Reddit for Techdirt content.