Amazon, Hollywood studios in talks for movie downloads

[balamw]

http://news.yahoo.com/s/nm/20060310/tc_nm/retail_amazon_update1_dc

Several publications reported that Amazon was close to completing a deal with Paramount Pictures, Universal Studios and Warner Bros, specifically, but spokesmen at the three studios either declined to comment or were unavailable for comment.

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In February, sources familiar with the matter confirmed that Amazon was in talks with four major music labels on starting a digital music service.

The labels -- Universal Music Group, Sony BMG, Warner Music Group Corp (NYSE:WMG - news) and EMI Group Plc (EMI.L) -- would allow Amazon to license their music, and the service has the potential of undercutting Apple's stranglehold on the nascent, but growing industry.

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