Sony nears a deal to secure content from media company Viacom for a new Internet-based TV service, the Wall Street Journal reported on Thursday. The Japanese company is reportedly working on a service that can stream live television over the Internet and it aims to roll it out by the end of the year. Sony is also speaking to Time Warner, CBS and Disney about potential programming deals, the newspaper reported.

Neither Sony nor representatives from Time Warner, CBS, Disney and Viacom commented on the report.

The report added the Web-based service would be available on Sony's new PlayStation's console, Sony's TVs and could later expand to other Sony products such as tablets and phones.