The struggling supermarket is apparently putting everything in place so they can sell or shut down their Blinkbox service.
A Tesco spokesman said: "We wouldn't comment on internal meetings."
Of course, running a TV service is an expensive thing to do, so it makes a lot of sense for Tesco to want to ditch it as soon as possible, especially when they thought they had £250m more than they actually had.
That black hole of money is being investigated by Tesco themselves as well as by the Financial Conduct Authority. Thanks to all this, Tesco's share value is dropping quicker than rugby team's jock straps on a night out.
It seems that Tesco aren't capable when it comes to taking on the mighty Amazon, BSkyB and Netflix. Then again, not many are. That said, earlier in the year, Tesco saw Blinkbox expanding into a music streaming service after they acquired Bloom.fm.
Not only was Blinkbox expensive, but it wasn't particularly popular with consumers either, behind in popularity to Now TV and the rest. Blinkbox’s most recent accounts show that it lost £18.5m last year.
It wouldn't make much sense for anyone to try and buy the ailing firm, so it looks like we've got a corpse on our hands.
TOPICS: High Street News