2024-05-20 11:19:37
Disney’s iTunes sales hit 125,000 economics/market data/middlemen/movies

FT.com / Companies / Media & internet – Disney’s iTunes sales hit 125,000:

Disney has sold 125,000 online film downloads less than a week after agreeing to make its titles available on Apple’s iTunes store. The sales have added about $1m in incremental revenue to the media company, according to chief executive Bob Iger, who expressed confidence that revenues from the new film venture could reach $50m in its first year. “Clearly, customers are saying to us that they want content available in multiple ways,” Mr Iger said at an investor conference sponsored by Goldman Sachs. Disney broke with other Hollywood studios when it agreed last week to make 75 titles available on iTunes at prices ranging from $9.99 to $14.99.

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