Seven major studios to sell movies online

We have no idea why they chose today to do it, but today seven major movie studios announced they’ll be selling movies online through Movielink and CinemaNow. Warner Bros, Universal, Sony, Paramount, Fox, and MGM will all be distributing first-run titles online — definitely something they’ve never done before — through Movielink for between 20 and 30 bones (way, way too much if you ask us), with older movies going for between $10 and $20. Lionsgate (and Sony) also announced distribution through CinemaNow.
Seven major studios line up to sell movies online – Engadget