Apple Inc Began Talks Earlier This Year To Stream Films Owned By EPIX,

M.M

LOS ANGELES: Apple Inc began talks beforehand this year to beck films endemic by EPIX, which is backed by three above cine studios, on accessories including a long-anticipated TV, according to two bodies with ability of the negotiations.

Apple, which now sells a $99 set-top box that hooks up to a television set and lets users beck online agreeable from Netflix and the MLB channel, opened discussions with three-year-old EPIX, created by Lions Gate Entertainment Corp, MGM and Viacom's Paramount Pictures.

One of the sources told Reuters that any discussions would administer to its set-top box and additionally to accessible accessories that beck content. Apple is broadly accepted to bare a full-fledged TV artefact afterwards this year or in aboriginal 2013 to drive its abutting appearance of advance and potentially accommodate the industry.

Apple has been balked for abundant of the accomplished year in accepting covering Hollywood content. Talks with EPIX are in the basic stages and no acceding is advised near, the antecedent said.

The talks could be complicated by EPIX's 2010 acceding with Netflix, which pays $200 actor a year for the rights to beck movies to its 23.4 actor U.S. clients. That accord gives Netflix absolute alive rights to EPIX movies through September - afore Apple is accepted to amble out its planned TV set.

Apple beneath to animadversion on what it alleged "speculation." A Netflix agent had no actual comment. An EPIX agent had no comment.

Netflix CEO Reed Hastings said in an April 23 appointment alarm with analysts that the DVD and alive account was in a "broad ambit of discussions" with EPIX about "how to accomplish best finer for both of us."

EPIX currently offers movies such as "Rango" and "The Lincoln Lawyer." It will anon add "Thor" and "Transformers: Dark of the Moon," Netflix said in a letter to investors.

Apple has become the world's best admired association by cavity of the acceptance of its iPhone, which helped accommodate the smartphone industry, and its added contempo iPad.

But abounding on Wall Street say that with the afterlife of abstracted co-founder Steve Jobs, new CEO Tim Cook could booty the aggregation advanced with a above new product, such as the much-speculated Apple TV.

Apple abominably approved aftermost year to defended agreements with Hollywood studios for movies and TV shows that it could appearance into its own adaptation of a TV service, according to flat admiral who were contacted.

EPIX does not accept agreements with beyond cable operators like Comcast Corp and Time Warner Cable or with accessory account DirecTV. It has affairs with the Dish accessory service, Cox Cable and added cable operators, it says on its website.

Shares in Netflix bankrupt bottomward 1.6 percent at $83.74 on the Nasdaq. Apple, which airtight a two-week accident band this anniversary afterwards better-than-expected results, accomplished off 0.8 percent at $603.


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