Netflix may soon have its strongest competitor yet if this tech giant decides to enter the on-demand streaming business. (Video via Netflix)
A Variety report says Apple may be pursuing a streaming service and original content. The report says the company has already met with Hollywood execs about creating "long-form content to stream." (Video via Apple)
Which makes the company a threat to traditional networks as well. (Video via ABC / "Blood & Oil")
The details are still vague and Variety reports the long-term goals differ depending on who you ask.
And Netflix has revved up its efforts for original content, creating original shows and movies on a fairly regular basis. (Video via Netflix)
Like a Wal-Mart or Macy's, tech companies could easily use their distribution powers to promote their own products.
In which case, Apple might really be needing to play catch-up to the tech giants that are already subverting the entertainment industry.
This video includes images from Getty Images.