Apple is said to have spoken with major movie companies about the ability to rent movies for 30 days, for simply $2.99. It wouldn't be such a bad idea, either.

Not content with just selling movies and music online, Apple is now engaged in talks with major movie studios about renting movies for a paltry amount of US$ 2.99 for a 30-day rental period.

This may be a challenge toward existing cable and satellite TV companies, most of them offering Video-on-Demand (VOD) which lets people download movies into their cable box or gain access to premium programs.

This move may prove to be advantageous to Apple, who already sells films through distribution deals with Walt Disney as well as Paramount. Other entertainment moguls are hesitant to make deals with Apple simply because of fear that online distribution may hurt optical media sales.

But because of the 30-day limit made possible by the Digital Rights Management (DRM) technology, DVD sales will unlikely get affected by Apple's proposed download-to-rent format, purportedly to be launched in autumn.

Dragon via qj.net »