Most of the talk about Apple’s (AAPL) new movie rental business centers around what will happen to bit players like Netflix (NFLX) and Blockbuster (BBI).
While it is not clear that consumers will watch full-length movies on little screens like those on the iPod, they will watch them on TV. The DVD and cable business are largely built around that behavior.
The companies that have the most to lose with next-generation VOD are the cable guys. Comcast (CMCSA) told the Consumer Electronics Show audience that it was expanding its movie rental archive by several thousand films. It is increasing the speed of its broadband offerings. That will, in a twist of irony, help services like Apple’s by cutting download times.
Comcast is also creating an internet portal for TV shows and films. It plans to defend it turf. The most obvious enemy is Verizon (VZ) and is fiber-to-the home project.
But, make no mistake. Apple’s movie plans are not aimed at Netflix. There is not enough revenue there. It wants what the cable TV companies have–the VOD customer.
Douglas A. McIntyre
100 Million Americans Are Missing This Crucial Retirement Tool
The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.
Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever.
A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow.
Click here to learn how to get a quote in just a few minutes.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
