Wal-Mart Quits Movie Download Service

12.28.07 - 04:13pm

Just on the heels of Apple’s announcement that it will be renting downloadable movies though iTunes comes the closure of WalMart’s highly touted DVD movie download buying service.

Wal-Mart only opened its video download store 11 short months ago and has already called it quits due to less than expected performance. Wal-Mart was the first to have movie contracts with all the major studios, something Apple had been trying to due but was unable to pull off due to Apple’s insistence on offering the movies for $9.99. Wal-mart offered the movies for $12.88 to $19.88, but was not able to sell them at the higher price. After all why buy a movie to download that you can only play on one computer when you can buy the DVD for the same price or just a couple dollars more and play it anywhere, anytime? Apple in spite of not having all the new movies was still able to stay ahead with their $9.99 price tag.

Category: apple | Tags: itunes, movie-downloads, walmart | Be the First to Comment »

Disney + iTunes = $$$

05.18.07 - 11:52am

Walt Disney is lovin’ iTunes as they revealed last week that they are selling an average of 250,000 movie downloads every month.

In total Disney’s CEO Robert Iger said that they had sold 23.7 million episodes of their television shows and 2 million feature films through iTunes.

Iger also said that Disney is quite happy with iTunes prices, he stated, “There are cost of goods that are factored out of the iTunes sale, which allows them to sell at a lower price. That’s their decision and it allows us to take revenue out that is equal to, in terms of a per-click sale, store sales. So, yes, we’re quite comfortable with iTunes.”

During the first quarter of this year Disney has earned $931 million on revenues of $8.07 billion.

Category: itunes | Tags: itunes, movie-downloads, robert_iger, walt_disney | Be the First to Comment »