Disney Foresees $50 Million in iTunes Movies Revenues

BURBANK, September 20: The
Walt Disney Company predicts it will sell some $50 million worth of movies in
the first year of its partnership with Apple Computer’s iTunes Music Store.

In less than a week since
Disney made available movies from Walt Disney Pictures, Pixar, Touchstone
Pictures and Miramax Films, the studio has sold 125,000 digital copies of films
through iTunes, which yielded $1 million.

Disney is currently the
only studio selling movies on iTunes, and was the first studio to start making
its TV shows available on Apple’s download site.

Movies will become
available on the iTunes Music Store the same day they are released on DVD, with
new releases priced at $12.99 when pre-ordered and during their first week of
availability, and $14.99 thereafter, and library titles are available for $9.99
every day.