According to a report by the Times Online Apple is preparing to announce film download and rental services in the UK and Canada.

Apple is said to have reached deals with Disney, Paramount, Twentieth Century Fox, Warner Brothers, Lions Gate and MGM to offer films for sale and for rental on the iTunes Store.

Pricing is not currently available but industry sources have stated that they “would not want to undercut DVD prices”. That would suggest prices ranging anywhere from £6 to £25.