I like the domain, the design is pretty good itself. I'm not too sure how profitable watch online sites become and from what I understand they're not really growing much anymore. Also make sure your server can handle the bandwidth of streaming media, because usually once movie sites become popular your site will take a lot of bandwidth from people watching the videos.
I like how it rightaway started playing a western movie. But I wonder how a person who did not like westerns, but like d romantic movies, would react to that. But western movies is a great choice overall. I suppose once a person has logged in, they could select the first channel that is opened for them.