DISNEY MOVIES DOING WELL ON ITUNES.Byline: GREG HERNANDEZ Staff Writer Downloading Disney movies is quickly proving to be profitable for the Burbank-based entertainment powerhouse with more than $1 million in downloads during its first week of selling movies through Apple's iTunes. Disney CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Robert Iger Robert A. "Bob" Iger (born February 10 1951) is head of the Walt Disney Company. He has been president since January 2000 and CEO since October 2005. Early Life Iger was born in Oceanside, New York. , who has made new technology initiatives a top priority, said Tuesday that Disney sold 125,000 digital copies of films in less than a week, quickly generating $1 million in revenue. ``Clearly customers are saying to us they want content in multiple ways,'' Iger said at the investment conference in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of sponsored by Goldman Sachs The Goldman Sachs Group, Inc., or simply Goldman Sachs (NYSE: GS) is one of the world's largest global investment banks. Goldman Sachs was founded in 1869, and is headquartered in the Lower Manhattan area of New York City at 85 Broad Street. . Disney, which so far is the only company selling feature films on iTunes, expects to generate revenue of $50 million in the first year from its iTunes partnership. Entertainment analyst Dennis McAlpine said that while $50 million is basically a drop in the bucket for Disney, it is symbolically very important for the company. ``It's important because it says if there is going to be something there with downloading movies, they already have a position that is generating something and it looks like it's working,'' McAlpine said. The iTunes Store The iTunes Store is an online business run by Apple Inc. which sells media files that are accessed through its iTunes application. Opening as the iTunes Music Store on April 28 2003, it proved the viability of online music sales. is offering more than 75 movies from the various Disney film banners Walt Disney Noun 1. Walt Disney - United States film maker who pioneered animated cartoons and created such characters as Mickey Mouse and Donald Duck; founded Disneyland (1901-1966) Disney, Walter Elias Disney Pictures, Pixar, Touchstone Pictures and Miramax Films. Customers are purchasing and downloading these movies to watch on their computers and iPods and will also soon be able to do so on their flat screen televisions with Apple's upcoming iTV player. Among the titles available are ``Pirates of the Caribbean This article is about the franchise. For other, more specific uses, see Pirates of the Caribbean (disambiguation). For real pirates, see Piracy in the Caribbean. Pirates of the Caribbean : The Curse of the Black Pearl,'' ``Shakespeare in Love,'' ``The Princess Diaries,'' ``The Incredibles,'' ``National Treasure,'' ``Toy Story,'' ``The Rock'' and ``The Rookie.'' The movies become available on the iTunes Store the same day they are released on DVD DVD: see digital versatile disc. DVD in full digital video disc or digital versatile disc Type of optical disc. The DVD represents the second generation of compact-disc (CD) technology. . New releases cost $12.99 when pre-ordered and during their first week of availability, then go up to $14.99. Library titles are available for $9.99 every day. It's already been a charmed year for Disney's movie studio division with its major summer release ``Pirates of the Caribbean: Dead Man's Chest'' crossing the $1 billion mark in combined domestic and foreign grosses earlier this month. Only two other films in history, ``Titanic'' and ``Lord of the Rings: The Return of the King'' have accomplished this feat. The iTunes Store has quickly become the world's most popular video download store, selling over one million videos per week. It began selling TV shows with five shows from ABC/Disney in October 2005 and now has a library of over 220 television shows from various networks. It also features the world's largest catalog of online music with over 3.5 million songs. greg.hernandez(at)dailynews.com (818)713-3758 |
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