Santa Monica, CA
How many times? Karl laments that broadcasters "are terrified of the existing cash cow being disrupted". I doubt any Wall Street analysts would characterize the broadcast industry as drowning in cashflow.
Apple is the stubborn one here. They are unwilling to invest in the last-mile network and assure 2K/4K delivery; they are unwilling to pay for the content.
Apple makes more money from music than the record labels do.
Apple makes more money from cell phones than the carriers do.
Apple makes more money from e-books than the publishers do.
At this point, anyone approached by Apple for a partnership is going to be very wary about handing Apple all the cards.
This is what I'm thinking. They'd be morons to let Apple into their business unless they're itching to fork over a large chunk of their revenue. The business as a whole isn't growing, if Apple is going to step in and make more money than the current STB manufacturers that bigger slice is going to come from somewhere.