Apple TV-Service Proposal Gets Some Nibbles
CBS Corp. (CBS) and Walt Disney Co. (DIS) are considering participating in Apple Inc.’s (AAPL) plan to offer television subscriptions over the Internet, according to people familiar with the matter, as Apple prepares a potential new competitor to cable and satellite TV.
The proposed service by the maker of iPhones and iPod music players could, in at least some scenarios, offer access to some TV shows from a selection of major U.S. television networks for a monthly fee, according to people familiar with the discussions. Apple is pushing to complete licensing deals and hopes to introduce the service in 2010, some of those people said. It is unclear whether any networks have signed on yet.
Spokespeople for Apple, CBS and Disney declined to comment.