Disney announces profits from iTunes services
Written by admin on March 17th, 2008 in Gadgets.
Many, giant companies are using iTunes as a way to get there videos, movies, and music to the general public and it really is helping them grow. Take Disney, for example, by selling their movies and video through iTunes, which began in 2006, they have already reached earned at total of just around $123 million. Keep in mind, in this day in age, many people download videos and such illegally and for Disney to make this much money legally, it’s pretty impressive. This just goes to show how online video sales really elevated in the past few years.
Disney’s CEO, Bob Iger, said that through iTunes he has sold around four million movies and upwards of 40 million videos, since 2006. Unfortunately, with all these video sales, it hasn’t amounted to a whole lot of revenue, but hey, it’s better than nothing. It has been estimated that by Pali Research’s Rich Greefield, that Disney receives $14.50 for every movie sold through iTunes, meaning $14.50 x 4 million equals about $58 million. Also, it has been reported that Disney gets $1.44 for each video, so let’s say they sold 45 million videos meaning 45 million x $1.44 equals $64.8 million dollars. Totaling around $122.8 million, so somewhere around there is a good indicator of how much they made.
Via [Silicon Alley Insider]
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Tags: dvr, home cinema, cameras, hdtv
