Apple announced that movies are now available for download in iCloud last week at its iPad event. You can now view and re-download video content purchased from the iTunes Store on any authorized device, including the iPhone and iPad.
While nearly all the major Hollywood studios were onboard at the time, Universal and Fox studios hadn’t been able to close a deal with Apple for iCloud availability due to licensing conflicts with HBO. According to a spokesperson for the company, HBO is loosening its restrictions on the studios to let Apple have access to more content, specifically Universal and Fox.