Andrew
11-10-2006, 02:02 PM
Disney nears half-million sales through iTunes (http://arstechnica.com/news.ars/post/20061110-8198.html) -- Ars Technica, 2006-11-10
Disney CEO Bob Iger said during the company's fourth quarter conference call that the movie studio has sold nearly a half million movies on the iTunes Store since they announced their partnership with Apple, signaling a strong presence for downloadable movies on iTunes despite having very limited content so far. Disney also says that it expects to generate $50 million in revenue during its first full year on iTunes.
Within the first week of the partnership, which was announced during Apple's "It's Showtime" event on September 12, Disney announced that it had sold 125,000 movies and cleared $1 million in revenue. Since then, the numbers have continued to grow over the last eight weeks, averaging roughly 62,500 movies sold per week since the partnership's inception.
Disney CEO Bob Iger said during the company's fourth quarter conference call that the movie studio has sold nearly a half million movies on the iTunes Store since they announced their partnership with Apple, signaling a strong presence for downloadable movies on iTunes despite having very limited content so far. Disney also says that it expects to generate $50 million in revenue during its first full year on iTunes.
Within the first week of the partnership, which was announced during Apple's "It's Showtime" event on September 12, Disney announced that it had sold 125,000 movies and cleared $1 million in revenue. Since then, the numbers have continued to grow over the last eight weeks, averaging roughly 62,500 movies sold per week since the partnership's inception.