Apple Talking to Studios About Download Service

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Apple is engaging in “advanced talks” with two major Hollywood movie studios about a new online film rental service to launch this fall, the Financial Times reported last week.

Walt Disney Studios and Paramount Pictures, two of Hollywood’s largest studios, would make content available from their large film libraries for online rental purposes, at a cost of $2.99 for a month-long rental. The content could then be moved to such mobile Apple products as video iPods or the new iPhone, but would be encrypted with anti-pirating software.

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