MacRumors.com

Variety cites studio sources and confirms previous reports that Apple will be announcing iTunes movie rentals at Macworld San Francisco 2008.

They also report that both Fox and Disney have signed on to provide movies for the new iTunes movie rental service. Variety, however, expects rental costs between $2 to $5 for only a 24 hour period. This is a significantly shorter window than earlier rumors which reported 30-day rentals. Variety does not cite specific sources for its pricing information, so could represent speculation.

Apple will be kicking off Macworld San Francisco with a keynote address on Tuesday, January 15th, 2008.