Wednesday, September 20, 2006

Disney sells 125,000 movies on iTunes, projects $50m  

Walt Disney President and CEO Robert Iger reported Tuesday that his company has sold 125,000 digital movies since they debuted on the iTunes Store last week, already generating $1 million in revenue. Iger told attendees of an investment conference in New York on Tuesday that Disney anticipates seeing about $50 million in revenue from the venture during its first year.

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