I don’t know if you are familiar with mSpot, but it does digital downloads onto people’s cell phones.

It also works if the mSpot user is on the web, and it has just lowered the prices for newly released movies. This would make this startup company a better deal than iTunes, but not as good as the Redbox deal had yesterday. (It was for 50 cents a movie, in case you didn’t hear.)

The average pricing for newly released movies is typically $3.99, but mSpot users can now get new releases for about $3.00. I believe mSpot users can get the movies 28 days before subscription services like Netflix offer the same film.

The company mSpot has deals with major film studios like Sony, Disney, Paramount, NBC/Universal, Lionsgate, Warner, Image Entertainment, and Screen Media Ventures. The service works with 50 different handset devices that include the iPhone, BlackBerry, Palm, Android, Windows Mobile, and users have the option of joining a monthly Movie Club ($4.99/month for up to 4 movies, $7.99 for 8 movies, or $15.99 for 16 movies).