Apple gives up on its plan to offer live-Internet TV: report

9 Dec 2015 | Author: | No comments yet »

Apple gives up on its plan to offer live-Internet TV: report.

A Middle East partner of Donald Trump’s is suspending sale of products bearing his name, the first corporate backlash in the region over his proposal to bar Muslims from entering the U.S. Apple’s plan to sell a package of about 14 channels for $30 to $40 a month has run into resistance from media companies that want more money for their programming.San Francisco/Los Angeles: Apple Inc. has suspended plans to offer a live Internet-based television service and is instead focusing on being a platform for media companies to sell directly to customers through its App Store, according to a person with knowledge of the matter. The front-running Republican U.S. presidential candidate proposed the ban on Monday following a mass shooting in California that officials say was an act of terrorism by a radicalized Muslim couple.

CBS Corp. chief executive officer Les Moonves said at an industry conference earlier Tuesday that Apple had put its live TV plans “on hold.” While he expects the company to eventually release a service, Moonves said Apple had run into problems striking deals. To break the logjam, Apple would either have to charge more, or the media companies would have to accept less. “This will happen,” Moonves said of Apple. “It has four major networks and 10 cable networks, let’s say, and the price point will be in the $30s, $30 to $35, $40 maybe. Damac Properties Dubai Co., which is building two Trump-managed golf courses and 104 mansions outside Dubai, said Tuesday that its agreement was with his company and declined to comment on his political agenda.

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