
The service will launch "in the coming weeks." iTunes Replay-enabled videos will display a little arrow icon next to TV show and movie content in the iTunes store that qualifies for the service. Content marked with the icon can be downloaded multiple times to multiple devices and, according to the report, likely be capable of being streamed to some, as well.
Considering Apple's plans for iCloud, iTunes Replay makes perfect sense. The ability to download and stream to multiple devices is part of iCloud, and naturally, when Apple thinks multiple devices, it thinks iPads and iPhones, which are key to its bottom line.
Update: it looks like the word "soon" needs to be removed from the title, as although there are discussions between Apple and content providers on this feature, it's not anywhere near a "soon" introduction. Apple has yet to ink deals with at least four of the six major Hollywood film studios, according to CNET.

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