several weeks ago, in the midst of rumors that Apple was close to announcing a deal with Disney, Wal-Mart's David Porter - the executive responsible for stocking the retailer's shelves with DVDs and CDs and whose influence is so immense in Tinseltown that he's been named to Premiere magazine's annual power list - made the rounds of Hollywood studios.I claimed that the concern was just so much hooey. Wal-Mart only has as power over suppliers as they have ability to make said suppliers money. Let's fast forward and see who was right.
Disney continues to have success in selling movies through the iTunes Music Store, saying Thursday it had now sold about 500,000 films in just the first two months of operation. Consumers are downloading movies at rate of about 9,000 per day, generating about $4 million in revenue.Expect stories, any day now, about how Wal-Mart is 'putting it to' Disney by shipping unsold merchandise back.