mSpot offers movie rentals on the iPhone

mSpot has launched its latest mobile service, enabling users to rent full-length movies directly from their iPhone or other handset. Content is streamed directly to the device, eliminating the need to wait for downloads or sync to a computer. The company currently has agreements with Paramount Studios and Universal Studios, although more partners will be added later in the year.

Available films include titles such as “The Reader,” “Zach and Miri Make a Porno” and “Fast & Furious,” among others.

Customers can access the movies from m.mSpot.com and use a credit card to pay for the $5 rental fee. Joining the “Movie Club” provides up to four movies for $10. Supported platforms include the iPhone, Blackberry, Palm and Windows Mobile.