Apple's Netflix-esque Video Service Is Still A Long Ways Away

Steve Jobs iTunes

Photo: Dan Frommer, Business Insider

Apple isn’t anywhere near ready to release a cloud-based video streaming or subscription service despite rumours to the contrary, Greg Sandoval at CNET reports.Apple is in discussions with film studios to offer iCloud services for video, like it will be offering for music, says Sandoval. If a user buys or rents a movie through iTunes on one Apple gadget, it would available as a free download on any other Apple gadget that person owns. But, it will be months before they finalise any deal on that, though.

Sandoval also shoots down the rumour that Apple is ready to launch a Netflix-like streaming service, saying there are no agreements in place yet.

This doesn’t mean we won’t eventually see something from Apple in the cloud video space. Just don’t expect it come soon.

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at

Tagged In

apple icloud sai-us