iTunes movies look to have been very successful. Apple has managed to get contracts with all the major movie studios, and their child companies. Almost every new hit movie will be on the iTunes Store, ready for downloading in an iPod-friendly format – to watch on a Mac, PC or iPod. Sillicon Alley Insider is reporting that Disney today announced that 4 million movies had been sold on iTunes – that’s $123 million. Disney also recently announced a digital sales goal of $1 billion; this includes revenue from advertising online (e.g ad revenue from online video viewing or from any of its sites), online games subscriptions, movie and music downloads, and e-commerce that is not related to its theme parks.
iTunes movies are currently limited to the USA only. Steve promised that the rest of the world will be seeing iTunes movie rentals later this year – this should have a huge impact on the revenue from movie sales.
Via [MacRumors]
It is awsome!