Usually, July is the silly season where rumors are rampant because there’s just no news coming out of the tech world. But today, Netflix’s share price has popped more than 5% on rumors Apple may be interested in acquiring it. Has a new silly season started? Probably.
The source of the minor price run up was a Forbes article yesterday that’s been picked up and reshaped by a number of media outlets and, so, Boom!, a rumor with legs.
Waiting for your new Apple TV? You aren’t alone, as Apple CEO Tim Cook, during its quarterly earnings call with analysts Tuesday said sales for the new device had a “huge first day,” becoming available for pre-order on Apple’s online storefront.
The other shoe for Apple’s TV intentions may finally be about to drop, as Variety is reporting the company is looking to expand its desires to be a force in the entertainment industry by following Amazon, Netflix and Hulu into original content.
Variety, quoting unnamed sources, says Apple’s not ready to commit any of its $200 billion in cash reserves to new content production – yet – but said representatives have been making the rounds with Hollywood types.
In this week's podcast, Hack and Flack cover the top TV and media headlines including Charter's big buy of TWC and Bright House. We also talk about Hulu gaining more ground through its agreement with Suddenlink, Mary Meeker's Internet Trends report, and the buzz around CBS becoming part of Apple's rumoured TV service. Listen Up!