Flipboard is planning to release an iPhone app in the next few weeks

The company plans to cut deals with studios to offer movies and episodes of TV shows in addition to its current article content.

Flipboard is planning to release an iPhone app in the next few weeks and eventually add television shows and films, according to a Reuters report.

Chairman and Chief Executive Mike McCue said he will tackle the video project at the end of the year. He declined to say which studio partners he has approached. He also hopes eventually to cut deals with publishers to sell electronic books through Flipboard.

"We're trying to create the largest company possible," said Danny Rimer, general partner at Index Ventures, which helped fund Flipboard. He believes display advertising revenue's migration online is "a very big opportunity."

You can download Flipboard from the App Store for free.
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