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Saturday, October 14, 2006

October 14 - Movie Studios

Piper Jaffray analyst Gene Munster claimed earlier this week that, 'Two major motion picture companies have indicated that they plan to join Disney in the selling of movies via iTunes within six months from now.' It came as a shock a few weeks back when Disney announced that in the first few days of selling on iTunes, they'd turned over an extra $1,000,000 in revenue! Muster elaborated on the subject and claimed that there were 'three key reasons why other studios are taking their time in opening up film libraries to iTunes. Mainly retaliation concerns on the part of retailers, copy protection issues, and a desire to have a more flexible pricing model.'

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