Technical and financial issues are the two major reasons the company has taken this decision.
Apple was expected to launch its highly-anticipated web television service during the Worldwide Developer Conference (WWDC) next week. However, the tech giant has changed its plans due to unfinished licensing deals for local programming and money issues.
Market experts are of the opinion that the Cupertino-based company may delay the launch of the service to later half of this year, or even postpone it to 2016.
Web Television Subscription service is something Sony and Dish has already offered, so Apple wanted to create hype by offering support for local broadcast stations. This proved to be a serious problem for the company as getting rights for showing local programs and commercials takes a lot of time. Moreover, the broadcasters do not own all local television networks.
It is expected that Apple will offer 25 different channels to its users and will charge $30 to $40 for monthly subscription.
This new service will be available on iPads, iPhones, Macs and Apple TV streaming box.
Apple is reportedly in touch with several local television channels including CBS, ABC and Fox.
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