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FOX BITES APPLE
Tuesday, December 4 2007
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Twentieth Century Fox has apparently been successful in persuading Apple to increase the wholesale fee it pays for movies on its iTunes Music Store. Several industry-related websites on Monday reported that Apple CEO Steve Jobs had relented in his insistence on keeping the price of movie downloads significantly below the price charged for DVDs in retail stores. Currently, only Disney, in which Jobs is the largest shareholder, makes its movies available on the iTunes store at the same time they are released on DVD, although some other studios have made older titles available on the iTunes website. The studios have come under pressure from large retailers like Wal-Mart who have reportedly threatened to shut down their DVD sections if their pricing is undercut by Apple.
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