ESPN Wants You to Say Goodbye to Your TV
Google (NASDAQ:GOOG), Sony Corp. (NYSE:SNE), and Intel (NASDAQ:INTC) have long been itching to steal a piece of the TV service pie ever since they learned that major satellite and cable providers like Comcast (NASDAQ:CMCSA) and DirecTV (NASDAQ:DTV) make a combined $100 million per year in U.S. pay-TV fees.
It’s a tough industry to break into, but thanks to Netflix (NASDAQ:NFLX) and other streaming services, more consumers are turning their attention away from the TV and more toward their computer and tablet devices. A Web-based TV service therefore seemed like the perfect idea for Google, Sony, and Intel, and it’s something they consistently propose.
But though it initially seemed like a shot in the dark, those plans might finally be coming to fruition. A recent report shows that Walt Disney Co.’s (NYSE:DIS) ESPN sports network is now willing to begin negotiating a Web-based TV service plan.