Apple's TV Plan Draws CBS, Disney Interest - TheStreet

Apple's TV Plan Draws CBS, Disney Interest

Apple's plan to offer TV subscriptions over the Internet has drawn interest from CBS and Walt Disney, a report says.
Author:
Publish date:

CUPERTINO, Calif. (

TheStreet

) --

Apple's

(AAPL) - Get Report

plan to offer television subscriptions over the Internet has drawn interest from

CBS

(CBS) - Get Report

and

Walt Disney

(DIS) - Get Report

, a report says.

Apple's proposed service could offer access to some TV shows from a selection of major U.S. television networks for a monthly fee, the

Wall Street Journal

reports, citing people familiar with the discussions. Apple is looking to complete licensing deals and hopes to introduce the service next year. It's unclear if any networks have signed on yet, the

Journal

says.

Apple, CBS and Disney spokespeople declined to comment for the newspaper.

If Apple gets the service up and running and signs up enough networks to launch a viable service it could undermine cable and satellite companies such as

Comcast

(CMCSA) - Get Report

and

DirecTV

(DTV)

that sell big bundles of channels in packages to subscribers.

The

Journal

reports, however, that some media companies, such as

News Corp.

(NWS) - Get Report

,

Viacom

(VIA) - Get Report

and

Time Warner's

(TWX)

Turner Broadcasting, appear to be opposed to or leaning away from signing on to Apple's initial proposals.

>>See our new stock quote page.

-- Written by Joseph Woelfel in New York.

Follow TheStreet.com on

Twitter

and become a fan on

Facebook.