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Thursday, August 26, 2010

Financial Times 
With digital piracy costing millions of dollars in lost revenue every year, Hollywood used to be frightened of the internet. While those fears still exist, the growth and expansion of legal online subscription services such as Netflix and Hulu, which deliver or “stream” TV programmes and films on demand over the web, is upending business models that have survived intact for decades, and causing both excitement and anxiety in the entertainment industry. And this is likely to continue. According to people familiar with the situation, Apple is considering a significant price cut and reconfiguration of its much-maligned Apple TV device, launched amid great fanfare three years ago promising to connect the living room set with the internet. Google also wants to move into TV, and is working on software that will be integrated into new TV sets, allowing viewers to search for programmes much as they search the web.

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