• Time Warner CEO Claims that Apple is Working on a TV Subscription Service

    During its financial results call, Time Warner CEO, Jeffrey Bewkes, mentioned that he was “pretty confident” that Apple will be launching a subscription streaming TV service in what he claimed was the near future. Bewkes went as far as saying that Apple was “very forward-thinking about television,” adding that “it’s no surprise to anyone that Apple would be interested in launching a TV product.”

    For those of you who didn’t know, Time Warner is the parent company of the TV network HBO, which ended up partnering with Apple to launch HBO Now as a three-month exclusive for both iOS and Apple TV devices. HBO head, Richard Plepler, reportedly mentioned that “he couldn’t be more pleased” with the arrangement during the results call. He remarked the following during the call:

    We got out of the gate very fast with Apple. We see a lot of momentum there.
    Both Apple and Time Warner have worked together in the past and at one point, were even rumored to be working together on an interface that would allow the Apple TV to replace the traditional cable box. This arrangement may have been canceled due to Comcast’s proposed takeover of Time Warner Cable, which was officially abandoned on April 24. As of right now, the Cupertino California company is rumored to be preparing a streaming TV service that may launch later this year. Cook even helped contribute to the rumors by claiming that “major, major changes in media.”

    Current rumors mention that Apple is working on a channel bundle that will cost anywhere between $30 and $40. The channel bundle is said to be released this fall and may be announced at the company’s Worldwide Developers Conference that is set to take place on June 8 alongside a new Apple TV set-top box. We’ll have to wait and see if the rumors turn out to be true by waiting for concrete information to be released.

    Source: CNET via AppleInsider
    This article was originally published in forum thread: Time Warner CEO Claims that Apple is Working on a TV Subscription Service started by Akshay Masand View original post
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