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Bloomberg: No New Apple TV Product In 2012 As Talks With Content Providers Fail Once Again

For the past few months, Apple has been rumored to be working on a new set-top box that would offer access to live and on-demand television content. Additionally, rumors of an Apple branded television set releasing 2012 holiday season have also been around but a new report by Bloomberg seems to confirm that no new Apple TV product is going to be released during this year as negotiations with content providers have stalled once again.

According to the report, it appears that the software interface for Apple’s rumored television product is the reason why the media companies have failed to come to terms with the Cupertino company. The cable companies want to have control over the software which Apple seemingly won’t allow. Also, whether the set-top box will be sold by the cable companies or by Apple itself is reportedly another reason of this deadlock.

 “Apple is vying with the likes of Google Inc., Microsoft Corp. and Amazon.com Inc. to make TVs the digital hub of people’s lives in an industry projected to reach $200 billion worldwide by 2017. Whoever wins must first strike deals with media companies or cable providers who have little incentive to cede valuable revenue streams. The result: Apple won’t be releasing a new TV product this year, as analysts had predicted, said a person familiar with the company’s plans”.

Even though major cable companies have released applications for the iPhone and iPad to allow customers to watch television on their mobile devices, they are reluctant to go further. Jason Hirschhorn, the former chief digital officer at MTV said:

“If I’m a cable company, do I really want to let Apple into my house?”.

“Technology runs through my veins...” | Follow me: @DrUsmanQ usman@iPhoneinCanada.ca

  • Jon

    The short answer is yes. Offering channels at say, 2$ each per month means far greater profits for networks. Who loses in this? The middlemen like AT&T. The networks must realize this and must abandon the middlemen if they are to survive in the future. What a dream to get any channel on any box without needing to deal will telcos!

  • ThatGuy

    Problem is, if I only want lets say discovery, commedy, MTV and CTV, now all the other companies are losing money from me, I would rather get a lower cost from everybody than a higher price from my direct audience because that is less at the end of the day.

  • xxJDxx

    The industry is a mess. I know plenty of ppl like myself who canceled cable long ago and have switched to exclusively watching online. The entire model of buying 100+ channels to get the 10 you want doesn’t suit the customer and if they aren’t careful, just like the music industry, their customers will leave them behind.

  • http://www.iphoneincanada.ca Gary

    Yep. Even with what they’re charging for those packages, regular folks are still addicted as there aren’t many alternatives out there.