Next Big Thing: Apple TV Streaming Service Could Launch Soon, Report Says

Apple is no more keeping anything secret put of the streaming market as it has although launched Apple Music streaming serive last month and is now becoming a significant player in streaming media. Now that Apple has finally turining to the next major venture for the company, which reportedly going to be a “capable-killer TV app.” Citing multiple sources familiar with negotiations behind the Apple scenes, the New York Post reports that the CEO Tim Cook and the company are already in advanced talks with ABC, CBS, NBC, and Fox in the United States. For a similar subscription streaming service for TV, looks like logical followup.

Apple TV streaming service coming with 25 channels
New reports also mentions that Apple has asked the TV networks to negotiate with the affiliates on Apple’s behalf, to provide local television in different regions in the U.S.. Although, Apple is reported to be seeking a 30 percent share of any subscription revenue coming in from this proposed new app, which may yet prove a significant hurdle in concluding a deal.

Disney or CBS are expected to be first to sign the deal, and cable channels like ESPN could also be part of Apple’s offering. Monthly prices under discussion currently are said to differ from $10 to $40, giving no clear indication on where exactly Apple wants to pitch its Apple TV streaming app in among what’s growing to be crowded, competitive field.

The service is apparently ready to go, all Apple need to do is come to agreements with the TV networks, which could mean it will launch later this year, possibly in September. Alongside the iPhone 6s and 6s Plus launch, and that too if Cupertino company manages to reach the agreement with all the networks by the time being. Only exception would the Apple TV streaming service could be announced soon or later this year.

(Via TheVerge)