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The key point here is that you're not charging an admission fee. There's no "magic number" of people that can watch a movie for free without having to get permission from the studio. Since a university is technically charging you to watch the movie in class (tution), that's the reason the excemption exists. In the scenario you described, you have nothing to worry about. I was a Hall Activities Coordinator in school, and we were always assured that this was not a problem at all.
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"They that can give up essential liberty to obtain a little temporary safety deserve neither liberty nor safety." - B. Franklin
"There ought to be limits to freedom." - George W. Bush
"We have met the enemy and he is us." - Pogo
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