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Report Says Apple Getting Into Movie Streaming Business

October 13, 2011

A new report says Apple is talking with movie studios to provide users with a streaming service to its devices.

The Los Angeles Times reported on Wednesday that Apple has been meeting with studios to finalize deals that would allow consumers to buy movies through iTunes and access them on any Apple device.

The report said, citing people familiar with the situation, that Ultraviolet, a multi-studio venture, would be happy to see Apple join them.

Ultraviolet accounts for 66 percent of online movie sales and rentals and includes every major movie studio except Disney.

According to the report, Apple is proposing that users be able to stream movies they buy through iTunes on any device the company makes, such as an Apple TV, iPhone, iPad or a Mac computer.

The news comes a day after Apple released its latest mobile operating system iOS 5, and just a day before Apple releases its latest iPhone 4S.

Apple has integrated its new “iCloud” onto its latest software. iCloud is Apple’s push in getting into the cloud-computing spectrum of the Internet.

The new service allows users to store music, photos, documents and other data on the cloud, and wirelessly pushes the data on to all of a user’s devices.

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Source: RedOrbit Staff & Wire Reports



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