Buy a movie once, watch it anywhere, on any Internet-connected device, through the cloud . That's the new business model making waves in Hollywood.

Apple's senior vice president of Internet Software and Services Eddy Cue speaks about iCloud during introduction of the new iPhone 4s at the company’s headquarters October 4, 2011.

Apple's in advanced negotiations with the movie studios to offer movies through its iCloud service and UltraViolet, from a consortium of media and tech companies, rolls out its first cloud-enabled DVDs this week. And Hollywood's hoping that these new options will grow digital movie sales to compensate for DVDs' decline.