According to a report by The Wall Street Journal, Apple is working on the release of a subscription-based streaming TV service to be released this fall. The service would be a direct competitor to cable companies and features ABC, CBS, Fox, ESPN, Fx and other networks for around $30-$40 per month.
This news comes hot on the heels of Apple’s recent announcement of an exclusive grab to HBO’s new standalone streaming service, HBO Now. Notably absent from the rumored channel lineup are NBC networks, which is owned by Comcast. With Comcast holding the keys to the Internet, this could get messy – especially when take into account the ridiculous Comcast bandwidth allotment. New media has a major bottleneck that needs to be freed.
We could hear something official from Apple as early as June at the Worldwide Developers Conference with a launch of the service slated for September.