iTunes movie downloads coming by year's end

Apple's patriarch, Steve Jobs, isn't too keen on product leaks and goes after employees who spill the beans with a vengeance. It's likely that Jobs isn't too happy over the latest leak, there's not much he can do about this one. Lions Gate Studios announced in a quarterly conference call that it is signed on with Apple to provide digital movie downloads to iTunes before the end of this year.

CEO Jon Feltheimer also went on to say that the studio has announcements planned with at least two other heavy hitters in the industry. For all we know, one of them could be Microsoft as it has been rumored that the Redmond-based companies has been trying to lure movie studios to provide content for its Zune portable media player.

It has already been reported that Steve Jobs has been pushing for movie studios to stick to a $9.99 price model for movie downloads. Some studios have been hesitant to agree to a fixed-price download model, but Jobs' $0.99 cent music downloads have proven to be a success and attempts to raise the price have met with failure due to the steadfastness of Jobs.

"I want people to see my movies in the best formats possible. For [Paramount] to deny people who have Blu-ray sucks!" -- Movie Director Michael Bay
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