Sony takes big step in developing online TV service

|About: Sony Corporation (SNE)|By:, SA News Editor

Sony (SNE -1%) worked out a deal with Viacom (VIAB -1.6%) to funnel its shows to a new online TV service that it's developing, according a report from the WSJ.

A content deal with Viacom could give Sony an edge as it races heavyweight rivals in offering consumers a viable Internet TV service.

The company is also reportedly talking to Disney and CBS, which if a deal is struck, would give Sony's online TV service an entry into sports along with a huge amount of programming.