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Apple, Fox ink; Wal-Mart quits pic downloads


December 28, 2007 The agreement, which would allow consumers to rent the newest releases from the News Corp.-owned studio through iTunes, is expected to be formally announced Jan. 14 at the Macworld show in San Francisco. The Fox deal has been long-rumored and it is seen as a sign that Apple is willing to compromise on pricing and other issues to attract more Hollywood studios. A Pali Research analyst said this month that News Corp. was negotiating with Apple, in part, because the company was willing to raise the wholesale price it pays for movies.

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