Wal-Mart Worried by Apple's iTunes Sales

Wal-Mart is apparently worried about the recently released iTunes Movie Store and how Apple's sales will cut into DVD sales. Wal-Mart is one of the largest DVD retailers in the industry and "studio executives say Wal-Mart has overtly threatened to retaliate if they go into business with Apple."

At the moment Apple has only signed a deal with Disney to sell their movies on iTunes, but is in talks with other movie studios to expand the range of titles available. Apple sells movies for $9.99-$14.99 which is less than DVD's at Wal-Mart.

"We all want to be in the Apple business," one executive is quoted as saying. Disney recently sold 125,000 iTunes downloads in its first week, and the positive reaction will lead to more interest from other movie studios, which Wal-Mart does not like.

Source: NY Post