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The clueless film industry again shows its blind greed by offering first-run motion pictures for download to own at a price-gouging $35 for movies such as King Kong. For that price, Universal will soon be offering two digital files for download, one for a PC and another for a portable device, and then they'll also mail you a DVD.

Great idea, Universal: rip off legitimate customers. Have you not heard of rip and return NetFlix?

Coming soon: Download-to-own films [via The Consumerist]