Sony Considers Internet Rival to Cable TV
Sony Corp. is considering launching an Internet-based alternative to cable-TV service, people familiar with the situation said, posing the latest threat to the cable and satellite operators that dominate pay TV. The Japanese electronics and entertainment company has approached several big media companies to negotiate the rights to offer their TV channels over the Web in the U.S., the people said. Sony is proposing to beam the channels over Internet connections to Sony-made devices, including PlayStation gaming consoles, TV sets and Blu-ray players, the people said. Sony has sold about 18.1 million PlayStation 3 consoles in the U.S. alone, according to NPD Group Inc., and many homes have other Internet-connected Sony devices. The biggest U.S. cable operator, Comcast Corp., has about 22.4 million video subscribers and serves a geographic area with over 52 million homes.
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