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News: Apple taking loss on new release movie sales?

iPod Lounge

Friday May 2, 2008. 05:45 PM
iPod Lounge

Apple may be selling new release titles on the iTunes Store for less than wholesale price, according to a Wall Street Journal report. A person familiar with the matter says Apple is paying the studios a wholesale price of close to $16, while offering those titles on the Store for $14.99 each. Earlier this week, Apple announced that it would begin offering new release films from all of the major studios for purchase on the iTunes Store on the same?
Apple selling release titles iTunes Store less than wholesale price according News Apple taking loss release movie sales?
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