Walt Disney has sold nearly half a million movies through iTunes in just two months, the company revealed yesterday.
The move to make its movies available through Apple's online media service has added approximately $4 million to the company's bottom line, AppleInsider has confirmed.
The company revealed the success of its partnership with Apple during its fourth quarter financial call, where it admitted profits of $782 million, exceeding analyst expectations.
Disney predicts that online movie sales will generate $50 million in the first year of the scheme. It looks like Apple is selling nearly 9,000 movies every day through its US-only service.
The company also confirmed is has received enquiries from the US financial regulator, the Securities and Exchange Commission, related to stock options grants at newly acquired Pixar.