Time Warner could be up for sale and Apple is reportedly a possible suitor

A report from the New York Post claims that Apple is keeping a close eye on Time Warner Inc. going up for sale. Time Warner is facing a lot of pressure from its investors to offer itself up for sale or spin off its assets, and acquiring the company would pave the path for Apple to launch its own streaming TV service that is currently stuck in a limbo.

The rumour is interesting given Apple’s failed attempts to create a skinny bundle of programming from existing content partners that was supposed to debut alongside the fourth-generation Apple TV in October 2015.

Even though the possibility of a spin-off was only hinted at by the CEO, Apple is reportedly “staying extra close” to any possible movement on this front, with Eddy Cue, Apple’s chief negotiator for all things media, keeping tabs on proceedings at Time Warner.

“Apple is eyeing Time Warner’s assets to ease the launch of a stand-alone streaming TV service,” reads the article.

Time Warner Inc. owns channels like CNN News, Turner Sports, and even HBO which produces popular shows “Game of Thrones” and “Sesame Street.” The company also owns Warner Bros that has produced a bunch of other popular TV shows and movies. These assets in themselves will be more than enough for Apple to launch its own streaming TV service, which the company has been trying to launch since last year. The company wanted to launch its streaming TV service along with the Apple TV 4 late last year, but due to its failure to reach an agreement with major production and entertainment houses out there, the company could not launch the service.

Apple’s television streaming service is expected to offer a collection of up to two-dozen top-tier channels for $30 to $40 per month, if the rumour-mill is anything to go by.



blog comments powered by Disqus
Octofinder Blog Catalog