Warner Bros. is broadening its experiment with digital movie distribution by releasing five more marquee movies for rent on Facebook.

As video stores die off and consumers become more comfortable watching digital movies, Warner Bros. and other studios are moving to capitalize on digital revenues through newfangled models such as the deal with Facebook. The social network movie rentals are also a way to bypass services such as Netflix, which is perceived as being increasingly powerful in digital movie distribution.

Warner Bros. Digital Distribution announced it will now offer five movies — Harry Potter and the Sorcerer’s Stone, Harry Potter and the Chamber of Secrets, Inception, Life as We Know It and Yogi Bear — directly on Warner Bros. Entertainment’s Facebook Movie Pages. On March 7, Warner Bros. released Batman: The Dark Knight on Facebook as the first in a groundbreaking experiment.

Consumers in the U.S. will be able to rent films by clicking on the “watch now” icon and pay for the transaction with Facebook Credits, which is the social network’s new virtual currency. Users can buy Facebook Credits with real money sources such as credit cards.

It’s a small step, but it suggests that the experiment is going well. Thomas Gewecke, president of Warner Bros. Digital Distribution, said that the new titles will appeal to a broad audience and that these particularly titles have a lot of fans on Facebook.

Fans can rent a film for 488 hours and have full control of it in terms of pausing, rewinding, fast forwarding and resuming. They can also post comments on the movie, interact with friends as they watch, and update their status.

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Tags: digital distribution, Harry Potter and the Chamber of Secrets, Harry Potter and the Sorcerer’s Stone, Inception, Life as We Know It, Yogi Bear

Companies: Facebook, Netflix, Warner Bros, Warner Bros Digital Distribution

People: Thomas Gewecke

From venturebeat.com