Intel is reportedly looking to break into the online television business as reports announced the company’s plans to launch its Intel TV product sometime this year. But the plans are meeting much resistance from cable companies, who have recently turned to defending their practices of bundling hundreds of television channels in one package. For at least a year the US Department of Justice has been looking into the cable giants’ practices and, just this week, executives from Charter Communications and Warner Cable have publically supported their companies. According to Charter’s chief financial officer Chris Winfrey, it is in the consumer’s best interest for cable companies to maintain “the ecosystem” of how television is delivered to consumers. But as the cable companies continue to face scrutiny, they are also forced to fight the threat of companies streaming television online through banning programmers from providing content to online services. One such online service could be Intel’s new product, though as of yet it has not found sufficient programming to launch. If successful, reports say companies like Google and Apple could soon follow suit, changing the television landscape indefinitely.
Full Content: Businessweek
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Japan’s Nippon Steel Eyes Year-End Close on $15B US Steel Deal Amid Political Uncertainty
Nov 7, 2024 by
CPI
Canada Orders Dissolution of TikTok’s Business Amid National Security Concerns
Nov 7, 2024 by
CPI
India Raids Amazon, Flipkart Seller Offices in Foreign Investment Probe
Nov 7, 2024 by
CPI
Canada’s Competition Bureau Seeks Public Feedback on Updated Merger Guidelines
Nov 7, 2024 by
CPI
FTC Adopts Stricter Reporting Rules for Mergers, Delays Expected in 2025
Nov 7, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Remedies Revisited
Oct 30, 2024 by
CPI
Fixing the Fix: Updating Policy on Merger Remedies
Oct 30, 2024 by
CPI
Methodology Matters: The 2017 FTC Remedies Study
Oct 30, 2024 by
CPI
U.S. v. AT&T: Five Lessons for Vertical Merger Enforcement
Oct 30, 2024 by
CPI
The Search for Antitrust Remedies in Tech Leads Beyond Antitrust
Oct 30, 2024 by
CPI