Apple, which is widely expected to announce a revamped product for television sets next month, is pressing the television networks to rent their TV series through its iTunes service for as little as 99 cents an episode. The News Corporation, parent of the Fox network, and the Walt Disney Company, parent of ABC, are close to deals for iTunes rentals at 99 cents each, according to network executives with knowledge of the discussions who spoke Tuesday on the condition of anonymity. But the executives emphasized that there were still sticking points in the negotiations. The executives said NBC Universal,
A possible initial public offering of Internet TV service Hulu would be a significant test for the success of the online streaming video business. Hulu executives have begun to prepare for an IPO this fall, according to a report in the New York Times. The online service is co-owned by News Corp.'s (NWS, Fortune 500) Fox, General Electric Co.'s (GE, Fortune 500) NBC Universal, Walt Disney Co.'s (DIS, Fortune 500) ABC and a private equity firm. The offering of shares would reportedly value the company at about $2 billion.
CBS Corp, the No.1 U.S. broadcaster, is in talks to bring some of its TV shows to popular Web video service Hulu, CBS Chief Executive Les Moonves said in an interview on Monday. Moonves said talks were with Hulu Plus, a paid for subscription service which the online video company launched in June charging users $9.
Chip maker Qualcomm Inc. last week signaled it may give up a costly six-year quest to bring broadcast TV to mobile phones and other devices in the U.S. Not too many people are surprised, however, given the reception for mobile-TV services in the country so far.
Connected devices, including media players, Blu-ray Disc players and video game consoles, linking the Internet to the television are an ever-growing part of the evolution of entertainment distribution into the home.
Sony Monday will launch a major ad campaign, featuring pop star Taylor Swift, to promote its new Cyber-shot camera with the iSweep Panorama feature.
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