Today both Movielink and CinemaNow, Hollywood's two movie download services, will announce a new service to let consumers download movies.
The features offered by Movielink will include films from six of the top seven in Hollywood today, with such hot titles as King Kong, Brokeback Mountain, horror film Saw II, and the latest Harry Potter installment, says Movielink CEO Jim Ramo.
Unlike Movielink, which is owned by five studios, CinemaNow will have only films from Sony, MGM, and Lionsgate. Among its early offerings will be Memoirs of a Geisha. When Brokeback Mountain is released in video on Apr. 4, folks will be able to get it either at the video store on via Movielink. The next week, both CinemaNow and Movielink customers can either down load Fun with Dick and Jane or head to their local Blockbuster for a copy.
Both services will debut with hundreds of older movies and a couple of new ones, but they won't be cheap, the price will be similar to home videos:
That's around $20 to $30 for newer films, and $10 to $20 for older flicks. CinemaNow intends to be more aggressive, offering some of its new flicks for under $20 and to build traffic, it will offer a two-for-one sale at the outset. The second film will cost $4.95, says the services CEO Curt Marvis.
More info at Business Week. Personally I don't think these services will become very popular. Their pricing is way too high.