Skip to main content

Disney CEO Very Upbeat on Movie Downloads

Reuters reports that Walt Disney CEO, Robert Iger, said the company sold 125,000 movie downloads worth $1 million in revenue through Apple's iTunes online music store in the first week Disney movies were offered.

Iger told a conference of analysts the company expects to take in $50 million in added revenue during the first year of the iTunes movie download program, which was unveiled by Apple recently. Disney last week became the first movie studio to offer movie downloads through iTunes. The company placed 75 titles on the Web site.

Iger said the number of films on iTunes would increase as Disney clears the broadcast rights to move them to the Web. Iger also told analysts at the Goldman Sachs conference that Apple CEO Steve Jobs has become a "sounding board" for Disney's rapidly expanding digital content delivery options.

"He is a great adviser and someone I can turn to readily for advice in a lot of these areas," Iger said. Those of you who have read my commentary entitled "How Steve Jobs Would Re-Imagine IPTV" know where I stand on this topic, so I won't belabor the point.

Popular posts from this blog

Growing Venture Capital in APAC AI Market

Technology is a compelling catalyst for economic growth across the globe.  Artificial intelligence (AI) rides a seismic wave of transformation in the Asia-Pacific (APAC) region — a market bolstered by bold government initiatives, swelling pools of capital, and vibrant tech ambition. The latest IDC analysis sheds light on this dynamic market. Despite a contraction in deal volumes through 2024, total AI venture funding surged to an impressive $15.4 billion — a signal of the region’s resilience and the maturation of its digital-native businesses (DNBs). Asia-Pacific AI Market Development The APAC AI sector’s funding story is not just about headline numbers but also about how and where investments are shifting. Even as the number of deals slowed, the aggregate value of investments climbed, reflecting a preference among investors for fewer but larger, high-potential bets on mature or highly scalable AI enterprises. The information technology sector led the AI investment charge. Top area...