Disney released numbers today that showed significant online movie sales since the initial release of iTunes 7. CEO Robert Iger says that the company has already received over $1 million in revenue and expects that number to increase dramatically by the end of the first year (revenues of $50 million are expected). The new iTunes Store is now stocked with over 75 movies from several movie studios owned by Disney including Walt Disney Pictures, Pixar, Miramax Films and Touchstone Pictures.
The iTunes Store is expected to increase movie titles by several each week/month and many predict that other major film studios will soon follow suite and offer their movies through the online gateway. iTunes hopes to see the same success as it did when offering legal music downloads when iTunes debuted in 2001.
