WSJ: Apple to sell music videos; iPod video in September?

Rumors of a video iPod have gained further credence thanks to a report in Monday’s Wall Street Journal [paid sub. req.] that says Apple has recently held discussions with major recording companies about licensing their music videos to sell through the iTunes Music Store.

“The negotiations are a possible prelude to a version of Apple’s hit iPod that would play video, a widely expected gadget that Apple has told some entertainment-industry executives that it could announce by September,” the paper says.

The Journal reports that Apple has approached Warner, EMI, Universal and Sony BMG to license music videos which could go on sale as early as September for $1.99 each. Apple is already bundling music videos with select albums on iTunes.

In addition to the four major music companies, Apple has also had talks with media companies about licensing television shows, “though securing rights to sell television shows over the Internet is highly complex and is likely to take longer than other forms of video,” the paper says.