updated 09:55 am EDT, Mon September 25, 2006
Wal-Mart denies threats
Wal-Mart Stores has disputed a New York Post report from Friday saying it was trying to dissuade movie studios from working with other forms of distribution, including Apple's iTunes. On Friday, The Post reported that the world's largest retailer had warned Hollywood studios it may retaliate for selling movies on iTunes amid concerns that Wal-Mart's DVD sales will suffer. Earlier this month, Disney and its sister studios became the first companies to offer full length movies on Apple's iTunes: Walt Disney reported it had already sold 125,000 movies in the first week and expected annual revenue of $50 million through iTunes. Reuters reports that Wal-Mart said it was not pressuring movie studios into shunning online delivery: "Customers want to watch movies and they want to be able to make the choice when and how they want to view them," a Wal-Mart spokeswoman told the publication. "While we recognize there are various current and potential providers of this service, we are not dissuading studios from conducting business with other providers."