Pre-ordered Movies
what happens when you place pre-order for a movie? Do you own it or is it a rental?
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Pre-orders are for buy purchases, not rentals.
Pre-orders are reservations for items that aren’t available yet. You will get an email message when it becomes available.
Pre-orders are billed when the item becomes available.
See or cancel pre-orders for apps, movies, music, or books - Apple Support
Buy movies and TV shows from the Apple TV app - Apple Support