Si senor,
It's a tight group of 4, including myself, with infrequent occasional guests. We see a film together every Wednesday night, almost always on DVD. The person who selects the film each week rotates throughout the group. We found it easiest to keep up with by just doing it alphabetically. Every second or third week, we have dinner together before the film. While guests are invited and welcomed, you only get to select the movie if you sat through an entire rotation. Most guests are uncomfortable with the uncertain nature of what could show up (a recent rotation included Inland Empire, Knocked Up, Eastern Promises, and Masked And Anonymous.) The group of 4 has been doing this together really regularly for about 12 years. My personal picks usually have a theme for the year, so in 2006, I brought Oscar winners from the 30s and 40s, in 2007 I brought low-brow comedies, this year I am trying to go with surrealism.
It's really just an excuse for people who like each other to get together and try to keep up with film as much as possible. No big agenda, no assignments afterwords.
dave