Apple is Finalizing Deals to Bring Movies to iCloud [Report]

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Apple is said to be finalizing deals with major movie studios that will allow the Cupertino company to introduce movie streaming to iCloud for Macs and iOS devices.

According to reports from both the LA Times and The Wall Street Journal, people “familiar with the matter” have revealed Apple’s plans:

Apple Inc. is negotiating with Hollywood studios for deals that would let people who buy movies from the iTunes Store watch streaming versions of those movies on Apple devices such as iPads or iPhones without manually transferring them, according to people familiar with the matter.

Following the launch of iCloud yesterday, users are now able to re-download certain content they have purchased from the iTunes Store. At present, only music, TV shows and apps are available, but Apple has been working on the introduction of movies for some months, according to rumors.

Have you been using iCloud since its launch? How are you finding the service so far?

[via MacRumors]