iTunes Movie Rentals announced

After announcing that iTunes has sold 4 billion songs (20 million on Christmas Day), 125 million TV shows, and 7 million movies, Steve Jobs today announced the availability of iTunes Movie Rentals (for US users only!) with content from Sony, Universal, Touchstone, Miramax, MGM, Lionsgate, Newline, Fox, Warner Bros, Disney and Paramount.This will include over 1000 movies available 30 days after DVD release. Watch on Mac, PC, iPod or iPhone within 30s start time (assuming you’ve got decent broadband), and movies available for watching within 30 days but must be watched within 24 hours of starting to watch. US$2.99 for library titles and US$3.99 for new releases