iPad App Aggravates, Potential Bidder for Blockbuster

Thursday afternoon, Bloomberg reported that Time Warner stopped streaming content from News Corp., Discovery Communications Inc., and Viacom Inc. on its iPad app. The day before,  Fox Networks Group sent a cease-and-desist letter to Time Warner Cable demanding the cable operator to terminate streaming cable channels, including FX, through iPads.  Scripps Networks Interactive, owner of the Food Network, also asked Time Warner to stop transmitting live television signals via the Apple device. Both companies believed Time Warner violated their respective contracts. However, those agreements were created when current technologies, such as iPads, did not exist.

On the other side of the world, South Korea's SK Telecom Co. may bid for Blockbuster when the retail chain goes to auction in early April, according to the Wall Street Journal. SK Telecom is the country's largest mobile carrier by revenue and is looking to find new sources of growth overseas. The company would reportedly use Blockbuster's video content to distribute on its mobile service.