AppleInsider StaffThe digital download service is the number one music retailer in the US, according to the most recent data from NPD Group's MusicWatch survey, and features the largest music catalog with over eight million songs.
Apple also said that iTunes customers are now renting and purchasing over 50,000 movies every day, or a yearly run rate of over 18 million, making iTunes the world's most popular online movie store as well.
In addition to its industry leading eight million songs, iTunes also sports a catalog of over 20,000 TV episodes and over 2,000 films, including over 350 in high definition video.
iTunes features movies from all of the major movie studios including 20th Century Fox, The Walt Disney Studios, Warner Bros., Paramount, Universal Studios Home Entertainment, Sony Pictures Entertainment, Metro-Goldwyn-Mayer (MGM), Lionsgate and New Line Cinema.
Users can rent movies and watch them on their Macs or PCs, all current generation iPods, iPhone and on a widescreen TV with Apple TV. iTunes Store customers can also purchase new movie releases from major film studios and premier independent studios on the same day as their DVD release.
Chip Loder
Amber Neely
Wesley Hilliard
Christine McKee
Malcolm Owen
Andrew Orr
79 Comments
Ahh, a lightly warmed over press release...
They were about 1.5 months short of selling 5B is 5 years.
At the current rate of 50K movies per day they will sell 18.25M per year. At $4 per movie rental (which I assume is the most common) that is $73M per year in revenue.
Users can rent movies and watch them on their Macs or PCs, all current generation iPods, iPhone and on a widescreen TV with Apple TV. iTunes Store customers can also purchase new movie releases from major film studios and premier independent studios on the same day as their DVD release.
[ View this article at AppleInsider.com ]
Unless of course you are in Australia...
At least we have a Company store!\
Any word on NBC's outside attempts with NBC.com, Hulu, Amazon and Zune Marketplace or whatever other distribution devices NBC has chosen? I wonder if the execs at NBC are still trying to figure a way to come back to iTunes while saving face or if they feel they are justly compensated through the ad supported distribution means they currently support with their programming.
Not to diminish any of NBC's shows but none of them ever caught my fancy so I never viewed them or bought them while on iTunes and I DEFINITELY did not go looking for any of their shows elsewhere. I am curious to know, those that loved NBC's programs such as, The Office, Scrubs, 30 Rock or whatever, when the content dried up at iTunes did any of you venture to alternate sites to find the NBC content and if you did back then, are you still today?!
Just curious...
They are gonna have to move WAY more than 50,000 a day to make it worthwhile. That ends up being 40-80 million in revenue per year...split like 20 ways between hollywood, the costs of digitizing, the cost to provide the bandwidth, and apples cut, the tax man, etc. I imagine the lions share of the revenue has to go to hollywood (70%). I cant imagine at that pace that apple makes more than 5 million a year from the business, maybe 10m if you factor in apple tv/ ipod sales that are driven by this business. Not good. I was really hoping for better. They will have to at least triple this if they want to keep such a business model going, or the studios will bail and the content will evaporate.