iMovies this month?

"Water, water everywhere, but not a drop to drink..."

The blogosphere is again flooded with iTunes movie download innuendo.

According to both a Thursday article and Friday blog on Business Week's site, iTunes will announce in mid-September a plan to offer movie downloads.

Lions Gate and Walt Disney will be the first companies to feature their films on the site, and the movie downloads will be priced from $9.99 to $14.99, according to the Business Week report.

As you probably know, Apple Computer CEO Steve Jobs also happens to be a board member at Disney.

An Apple representative was not immediately available for comment.

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