According to a report in the Los Angeles Times, Apple is preparing to deliver movies via its just released iCloud service. According to the report, representatives from Apple have been in meetings with various studios to finalize deals.

Representatives of the iPhone and iPad maker have been meeting with studios to finalize deals that would allow consumers to buy movies through iTunes and access them on any Apple device, according to knowledgeable people who requested anonymity because the discussions are private. The service is expected to launch in late 2011 or early 2012.

This news doesn't come as too much of a surprise, we heard a while back that Apple was looking to secure agreements with various movie studios. The plans which are getting nearer to fruition would allow a user to stream any movies they buy from iTunes to any iCloud enabled device.

Source: Los Angeles Times