MGM Catalog Hits iTunes, Pushing Apple's Library Above 500 Titles

Apple will now offer MGM's film catalog on iTunes, building Apple's available movie library to more than 500 movies. Apple added movie downloads to iTunes in September of 2006, with Disney's studio offerings. MGM will start out by offering classic movies such as "Dances With Wolves" and "Rocky," and will add other movies in the near future. An MGM Executive VP called MGM's collection unrivaled; MGM has the largest modern film catalog of the major studios, which together have received 208 Academy Awards. Despite rival download services from Wal-Mart and Amazon.com, iTunes continues to be the world's most popular online movie store with more than 2 million movies sold. According to Eddie Cue, VP of iTunes, "We'd love to have all the movie studios, that's certainly our goal. I think it's just a matter of time."

Sources: AP, Reuters, Apple Insider
Commentary: Apple, EMI to Offer DRM-free 'Premium' Tracks, but No Beatles • DRM-Free EMI Songs a Boon for Apple • Will AppleTV Do to Hollywood what the iPod Did to the Recording Industry?
Stocks/ETFs to watch: Apple (AAPL). Competitors: Amazon.com (AMZN), Wal-Mart (WMT). ETFs: Internet Architecture HOLDRS (IAH)
Related: Apple iTunes

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