Apple iTunes to compete “day-and-date” with DVD releases
Apple is expected to announce Thursday that it has struck a deal with a wide array of movie studios to sell new releases at its iTunes Store.
The move would allow a broad slate of top-shelf films to be offered day-and-date with home video releases, which risks cannibalizing DVD sales.
Such a move would also put significant pressure on iTunes competitors ranging from Amazon’s Unbox to Microsoft XBox Live Marketplace.
The new arrangement is expected to involve Fox, Walt Disney Studios, Warner Bros., Paramount, Universal, Sony Pictures, Lionsgate and New Line. The deal does not include new titles from MGM, but does extend to boutique firms such as Magnolia and Image Entertainment.
Via Yahoo