Disney: 125,000 iTunes Movies Sold In 1 Week
Disney CEO Rob Iger today announced that Disney has sold over 125,000 movies through the iTunes Movie store in the past week alone, totaling $1 million in revenue. In addition, Iger said the company expects over $50 million in revenue over the first year of the program.
During last week's Showtime event, the long-rumored "iTunes Movie Store" debuted (now termed "iTunes Store") with 75 films from Disney-owned subsidaries.
A successful launch may increase pressure on other studios still holding out on Apple's buy-to-own terms.
During last week's Showtime event, the long-rumored "iTunes Movie Store" debuted (now termed "iTunes Store") with 75 films from Disney-owned subsidaries.
A successful launch may increase pressure on other studios still holding out on Apple's buy-to-own terms.
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71 months ago
Wow. Good news for Apple and the future of the iTS in getting more studios on board. :)
If Apple can just convince studios to release movies in 720p and 1080p formats, it would kill off the blu-ray / HD DVD rivalry once and for all.
If Apple can just convince studios to release movies in 720p and 1080p formats, it would kill off the blu-ray / HD DVD rivalry once and for all.
71 months ago
Good, Now lets have some more studios come on in, and just maybe i'll buy the 80gb ipod
71 months ago
I wonder if these people are buying one to "test it out" or are buying multiple movies.
71 months ago
In addition, Iger said the company expects over $50 million in revenue over the first year of the program
Hmm. Lets see $1M in a week, 52 weeks in a year, yup - that's about $50M. Wow - that dude is a genius!
71 months ago
Looking at some financials, I think Disney sells on the order of 100M DVD units per quarter, which comes out to about 7-10M units per week? 125k units through the online channel in one week isn't so bad. :) If they hit their $50M revenue target, that means they will see sales on the order of 1% of total home video sales? That's a fair start.
71 months ago
Studios are scrambling and re-evaluating there offers right now to get on board.
71 months ago
1mio for 125000 movies. so they make an avaerage of $8 per movie. iTS sells them for about $10-$12.
so it seems apple makes about 2-3 bucks per movie (minus the bandwith/server cost).
i wonder if the movie business is profitable for apple or if it's merely to promote iPod's iTV and Mac's.
so it seems apple makes about 2-3 bucks per movie (minus the bandwith/server cost).
i wonder if the movie business is profitable for apple or if it's merely to promote iPod's iTV and Mac's.
71 months ago
I wonder if these people are buying one to "test it out" or are buying multiple movies.
I concur. 1 and 3 months out will really tell how this service fares.
So far though, it is a good start.
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