Few media executives have embraced television’s digital future more than Jeff Bewkes. The chief executive officer of media giant Time Warner Inc. was an early promoter of making shows available anytime on any device. He’s started selling HBO to cord-cutters who don’t pay for cable. And this week, Time Warner bought a 10 percent stake in Hulu LLC, helping the online video service compete with the likes of Netflix Inc. and Comcast Corp.
Time Warner Cable has disclosed a 10% stake in the video streaming service Hulu as the company battles growing competition from Netfilx and Amazon.
Time Warner, owner of CNN and Cartoon Network, made the announcement in its quarterly earnings report.
Chief executive Jeff Bewkes said the company was committed to "supporting and developing new platforms".
Apple’s senior VP of Internet Software and Services, Eddy Cue, likely had no "serious" intentions when suggesting the possibility of a Time Warner takeover, according to the latter company’s CEO.
"That particular one is more about the efforts of the technology companies, Apple included, who we’ve been trying to help because we want this better user interface, and what they should do and how would they get involved," Continue reading
Time Warner (NYSE: TWX) has positioned itself well for whatever happens in the pay-television industry. The company’s signature property, HBO, operates both as a premium pay channel on traditional cable and as a stand-alone streaming service.
That gives the company the best of both worlds and explains at least partly why its stock opened 2016 at $63.74, only to climb to $76.65 as of July 29, a 20% gain, according to data provided by S&P Global Market Intelligence.
Investors may be interested in following the latest sentiment on shares of Time Warner Cable Inc (NYSE:TWC). In addition to monitoring sell-side analyst views, investors may also be focusing on crowd sourced data offered by individuals who watch the company closely. With the use of open records and scorecards, Bets Systems Research has compiled crowd sourced ratings. The aim is to provide a higher level of transparency for the ratings process, and to gather a broader sense of sentiment on the stock. Shares of Time Warner Cable Inc (NYSE:TWC) currently have an average rating of 3.1. This rating uses a scale from 1 to 5. A 5 rating would indicate a Strong Buy recommendation. Continue reading