The digital movie rental deal of the day over at Amazon today is Red Riding Hood, which is available for rental for only $.99.

This deal is valid only for today, Monday, September 19, 2011, until 11:59PM PST. Once you activate the rental through Amazon’s Instant Video service, you’ll have access to the movie for 48 hours. If you’re interested in purchasing the digital version, the cost is $14.99.

Also, if you’d like to own a physical copy of the movie, the Blu-ray is available for $18.99 (that’s 24% off the list price) and DVD for $10.49 (that’s 47% off the list price). Both editions are part of Amazon’s “Buy This DVD and Watch it Instantly” program “” you get the film as a FREE digital rental you can watch immediately when your purchase the physical copy.

Buy This DVD and Watch it Instantly
Watch the Amazon Instant Video rental on your PC, Mac, compatible TV or compatible device at no charge when you buy this Blu-ray disc from Amazon.com. Your rental will expire 24 hours after you begin watching or 30 days after your disc purchase, whichever occurs first. The Amazon Instant Video version will be available in Your Video Library and is provided as a gift with disc purchase. Available to US customers only.

Synopsis: Panic grips a village when a werewolf kills the older sister of Valerie. Valerie finds she has a unique connection to the beast that draws them together, making her both suspect…and bait.

Directed by: Catherine Hardwicke
Starring: Amanda Seyfried, Gary Oldman, Billy Burke, Shiloh Fernandez, Max Irons, Julie Christie