Apple close to deals for iCloud movie streaming

Apple is reportedly close to inking deals with major movie studios that would allow the Cupertino-based company to stream movies to its iOS devices and PCs via iCloud. Los Angeles Times on Wednesday reported that Apple has been meeting with movie studios and is currently closing licensing deals that will allow its customers to purchase movies through iTunes and then stream them from iCloud to mobile devices like the iPhone and iPad, or even to Mac computers or Apple TV. The service would be similar to Hollywood’s just-launched UltraViolet product, though it would remove the requirement that customers purchase physical media before streaming content to their devices. The LA Times report states that Apple is expected to launch the service in late 2011 or early 2012.

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