Apple Announces iTunes Movie Rentals

Steve Jobs announced iTunes Movie rentals at MacWorld 2008. I’ve bought a couple of movies from iTunes, but it’s pretty tough to spend $13 to $20 for a movie I just want to watch on a plane ride home. The new movie rentals will cost $2.99 for older films, and $3.99 for new releases.

Once you rent a movie via iTunes you have 30 days to start watching it and 24 hours to finish watching it.

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