Disney Sells 500,000 Movies on iTunes

Disney continues to have success in selling movies through the iTunes Music Store, saying Thursday it had now sold about 500,000 films in just the first two months of operation. Consumers are downloading movies at rate of about 9,000 per day, generating about $4 million in revenue. At the current time, Disney's studios are the only films available through the service.

That could soon change, however, as CNN> reported Thursday that Fox had said it restarted talks with the Cupertino company. Apple enthusiast site AppleInsider also reported that independent studio Lions Gate had also restarted talks. Perhaps the studios are drawn to the service by its early success: Disney reiterated it expected to sell $50 million worth of movies in the first year.