iTunes: $1m in movies sold in first week

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Disney chief executive Robert Iger said today that in the first week of the iTunes movie store, the company sold 125,000 movies and generated $1 million. Iger said Disney expects about $50 million in revenue for the year. Disney’s 75 titles are currently the only movies available in the iTunes movie store.

For comparison, Apple sold about 1 million songs in its first week online, thus generating about the same amount of revenue. Our previous coverage of the iTunes movie store is here.

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