Watching movies online is just not new in India now, however Spuul is dedicated to on demand watching movies on internet. Big players like YouTube here and yahoo here are already in the queue. Spuul is dedicated to watching movies and only about movies but Bollywood.
Some of the movies are tagged as premium this can be only for premium users or so what. Some movies are available on special price as $0.99 but it is not sure a premium movie or special price or free movie is available to watch so it can not be available to watch at this time, it will be coming in future. You can watch movie trailer as well. So if a movie is free and available you can just after login with Facebook.