Apple iTunes and Fox close movie rental deal

Apple Inc and Twentieth Century Fox are set to announce a deal that will allow consumers to rent Fox movies through Apple's digital iTunes Store, according to media reports on Thursday.

The agreement will allow rentals of Fox's latest DVD releases by downloading a copy from the online iTunes store for a limited time, the Financial Times said. The Wall Street Journal also reported the deal in its online edition.

Fox's corporate parent, News Corp, had no comment. An Apple spokesman could not be reached immediately for comment.

The reports sparked heavy selling of shares of Netflix Inc, a leading online DVD rental company, and Blockbuster Inc, the largest U.S. movie rental chain.

(Source: Reuters)

Film Business, Internet TV

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