Apple’s Internet TV Service Said to Be on Hold ➝

Nick Statt, writing for The Verge:

Apple has “pressed the hold button” on its live television service, in the words of CBS president Les Moonves. The broadcasting executive spoke today at Business Insider’s Ignition conference in New York, saying Apple was “looking for a service” but ultimately decided to put it on the back burner. Apple hoped to unveil a streaming TV service next year — if not sooner — but pricing disputes for content deals were to said to have continually pushed it back. Now, Moonves seems to suggests it may no longer be an immediate priority.

I wonder how much longer Apple could wait and still make this service a success. Netflix and YouTube pretty much own the market and for an incredibly large portion of users, they are Internet video. Even with Apple’s resources, it’s going to be one hell of an uphill battle.