Last week I asked whether the TV and movie industry is ahead of the music industry in the race to build profitable streaming services. Today there is more news that suggests it is:
- Bloomberg reports that Apple is Said to plan Netflix service on new TV product – that would be a c$10 per month subscription product. Others are predicting the worlds favourite consumer electronics company will offer 99 cent rentals of TV shows.
- Meanwhile the Wall Street Journal says that Amazon is working on a movie and TV subscription service to run over the internet
It looks like the American consumer will soon have access to a plethora of legal movie and TV services via their broadband provider. As I discussed with Alan Patrick in the comments to my previous post on this subject that will allow them to pay for the content they want and drop the subscription to the bloated cable TV bundle with tonnes of channels they never watch. There are clear analogies here with the declining popularity of music albums, many of which are bloated with second rate ‘album tracks’.