Ben Reid
20 Sep 2006 15:47
With only 75 movies currently available and only a week having passed since launch, Walt Disney Co. has already sold in excess of 125,000 feature film downloads in what appears to be a winning partnership with Apple Computer and its iTunes Store.
"This is just the beginning," promised Robert Iger, Disney's CEO, in the presence of Wall Street analysts at a conference Tuesday. He expects $50million to be made from movie sales through the service over the course of the next year.
Iger also said that offering online movie downloads is good for the company's business, as the only fee it has to pay is the cost of encoding.
Speaking at the Goldman Sachs Communacopia in New York of the company's drive to suceed in this new field, he said, "We are very, very bullish on consumption of electronically delivered media."
Source:
washingtonpost