Yesterday, five major studios — Universal, Paramount, Sony, Warner Bros., and MGM — unveiled Movielink, a joint venture that, for the first time, allows customers to download a large assortment of studio films. Movielink’s initial library contains about 175 movies — new and old, from Jimmy Neutron to Last Tango in Paris. They range in price from $1.99 to $4.99 for a 24-hour rental. It’s a cool service, attractively priced. It’s also going to be a flop on the order of The Adventures of Pluto Nash.

The next big Internet flop