Movie sharing and review website Flixster has just launched a new application for iPhone, which will help Hollywood to bring its quality stuff directly to its fans. Flixster is a fast-growing website, and main source of its revenue is advertisement.

This new development has been seen as a great threat to the advertisement business of newspaper industry, which has seen that film industry is now selecting internet as a media for promotion of its films, newspaper industry has already got a serious blow to their advertisement business with the shift.

But this news is good for both film industry and iPhone users as Flixster is claiming that 20 percent of iPhone’s users have already started to use this application in US alone. Film industry will also be able to reach directly to its fans, it will enable them to read about films, stars and their shows, which will definitely boost the business for both Flixster and Hollywood film industry.