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Apple closing in on a TV streaming deal, CBS CEO says

by Jacob Kleinman | October 14, 2015October 14, 2015 1:00 pm PDT

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Apple’s long-rumored TV streaming service may finally be picking up some momentum. According to CBS CEO Les Moonves, the Cupertino company is likely to reach a deal with the network, though it’s still unclear when that will actually happen.

Moonves spoke candidly about Apple’s secret plans during an interview with Bloomberg, adding that he’s not the only network head in talks with the iPhone-maker. “Apple is having conversations with everyone about doing their own streaming services,” he said. “We have had those conversations, as have the other networks. Do I think something will happen? Probably, but I do not know when.”

He added that CBS has had similar discussions with other tech giants including Facebook and Netflix. Both companies want the right to stream live TV shows and events online. CBS holds the title of most watched network, and currently offers its own limited online streaming service for $5.99 per month.

Apple’s streaming service was originally rumored to launch this year alongside the new Apple TV. Clearly that didn’t pan out, but the company is still expected announce something next year assuming it can get enough networks onboard.

Bloomberg

Jacob Kleinman

Jacob Kleinman has been working as a journalist online and in print since he arrived at Wesleyan University in 2007. After graduating, he took a...

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