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Report: Disney to unveil digital film service

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Report: Disney to unveil digital film service

Walt Disney Co. will unveil its new digital film service, Movies Anywhere, as soon as the week of Oct. 9, Bloomberg News reported Oct. 10, citing sources with knowledge of the matter.

Studios, including 21st Century Fox Inc. unit 20th Century Fox, Time Warner Inc.'s Warner Bros. and Comcast Corp.'s Universal Pictures, will join the service, which will lets users buy movies and save them in a digital locker.

Viacom Inc.'s Paramount Pictures is not participating because of a disagreement over financial terms, one of the sources said. Lions Gate Entertainment Corp., meanwhile, may join at a later date, according to two people.

Disney Movies Anywhere will use a proprietary storage technology called KeyChest, which will let consumers access movies on one site.