The scheme will allow consumers to download first-run, pre-DVD release films via a broadband connection.
Freeman and producer Lori McCreary have formed a company with Intel's backing called ClickStar to provide the service.
"ClickStar addresses the growing worldwide consumer demand for digital content, especially filmed entertainment," said Freeman.
"Our goal is to deliver first-run premium entertainment to film fans around the world and to make films easier to buy than to pirate."
No major studio has yet announced that it is taking part, but discussions are continuing.
And, yep, it'll run Android rather than RiscOS
US engineering giant's cost-cutting outsourcing plan is on the rocks, according to insiders
HP Envy X2 laptop only affordable if you've got loadsamoney
Counterfeit code-signing certificates enabling hackers to hide malware being sold by cyber criminals
Certificates can be used as part of layered obfuscation to evade detection by anti-virus software