Billed for movie I've not yet watched

Sorry if this has been asked before, tried a search but difficult to choose appropriate keywords. Anyway...
When does iTunes bill you for renting a movie? As soon as you start downloading it or only if you press "play" & begin the 24 hour rental period?
Reason I'm asking is I like to pre-download a movie maybe a day or so before friends come over for movie night (I've had issues with long download times ruining movie night). Not knowing exactly what they'll want to watch, I often pre-download a couple of choices, assuming they'll want to watch at least one. What I assumed is, I'll only be charged for what we actually watch. If I don't start the 24 hour rental period then I don't expect to be charged. This doesn't seem to be the case however. Apparently they charge me regardless if I watch it or not?

Okay thanks for clearing that up for me. Wish they'd made that clearer.
I guess I'll have to stop pre-downloading movies I "may" want to watch. Disappointing as that more or less means I can't use AppleTV for movie night. Well unless I ask my guests what they want to watch before they show up. Oh well. Thanks again.

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