Apple today announced that movies from major film studios including 20th Century Fox, The Walt Disney Studios, Paramount Pictures, Warner Bros. Entertainment, Metro-Goldwyn-Mayer Studios Inc. (MGM), Sony Pictures Television International and Lionsgate are now available on the iTunes Store in Australia and in New Zealand.
The iTunes Store in Australia and New Zealand feature over 700 films for rent or purchase, with new release titles available for purchase on the same day as their DVD release, including favorites such as National Treasure 2, Jumper, 27 Dresses, Cloverfield, Vantage Point and Pirates of the Caribbean: At World’s End.

With iTunes Movie Rentals, once a movie is rented, it starts downloading from the iTunes Store directly to iTunes or Apple TV, and users with a fast Internet connection can start viewing the movie in seconds. Customers have up to 30 days to start watching it, and once a movie has been started customers have 48 hours to finish it—or watch it multiple times. iTunes Movie Rentals also feature over 100 titles available in stunning high definition, perfect for viewing on a widescreen TV with Apple TV.

Pricing & Availability Movie purchases and rentals from the iTunes Store for Mac or Windows require iTunes 7.7.1. iTunes movie purchases and rentals require a valid credit card with a billing address in Australia or New Zealand as applicable. iTunes movies in Australia start at A$9.99 for catalog title purchases, A$17.99 for recent releases and A$24.99 for new releases.
iTunes Movie Rentals are A$3.99 for library title rentals and A$5.99 for new releases, and high definition versions are priced at just one dollar more. iTunes movies in New Zealand start at NZ$9.99 for catalog title purchases, NZ$17.99 for recent releases and NZ$24.99 for new releases. iTunes Movie Rentals are NZ$4.99 for library title rentals and NZ$6.99 for new releases, and high definition versions are priced at just one dollar more.
Movie rentals can be previewed, purchased and watched on iPod classic, iPod nano with video, iPod touch, iPhone and on a widescreen TV with Apple TV.
Via this Apple announcement. See also our review of the Apple iTunes Movie Rental Service.