Tech expert Sean Udall told Benzinga “there is little doubt that Apple is building a pay-TV service of some kind, but he doesn’t expect the company to compete with the likes of Comcast Corporation,” Louis Bedigian reports for Benzinga. “He said the bundle — particularly those that include Internet, cable and phone services — is the best entertainment deal available.”
“‘It’s a great deal,’ said Udall. ‘If you try to replicate that, especially if you need [specific] channels… I want Bloomberg and CNBC. I want certain sports channels [and] pay channels. To replicate that without a cable bundle, I guarantee it would cost me more, especially if I want a phone and 100-meg Internet service,'” Bedigian reports. “Udall expects Apple to target Netflix, Inc. instead.”
Bedigian reports, “My view has always been they bring Netflix on steroids,” Udall said of Apple’s plans. He does not think it would be very difficult for Apple to acquire 60 to 70 percent of the content already present on other streaming services, which is not exclusive.”
Read more in the full article here.
MacDailyNews Take: Netflix is down 8 percent today. Aside from the pervasive China contagion, perhaps investors are getting worried about Netflix’s future growth prospects for some reason?
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