Items tagged with Time-Warner-Cable

A Bloomberg report that came out on Memorial Day was right on the money when it came to Charter’s ambitions to take on cable juggernaut Comcast. Bloomberg learned that Charter would scoop up Time Warner Cable (TWC) for $195 per share, valuing the transaction at roughly $55 billion. Charter confirmed the acquisition this morning, valuing each TWC share at approximately $195.71. The transaction has an equity value of $55.76 billion, but TWC has long-term debt of $22.64 billion which value the entire whole shebang at over $78 billion. The TWC acquisition will vault Charter from fourth place in the... Read more...
From the moment the proposed $45 billion Comcast-Time Warner Cable (TWC) merger was announced over a year ago, many consumers were understandably worried about what that would mean for competition in the broadband and TV markets, not mention how it would affect their bills each month. Add that in with the fact that both companies have customer service rating that rank near the bottom and that Comcast is a two-time winner of The Consumerist’s “Worst Company in America” award, it shouldn’t come as a surprise that many have been skeptical of the deal actually passing muster with regulators. Thankfully,... Read more...
Sony’s The Interview is starting to pick up steam, albeit in an untraditional way. After being shut out by major theater chains for a Christmas Day opening, Sony received backing from just 331 independent theaters for the release, which was good enough to deliver $2.8 million at the box-office over the holiday weekend. Sony also made the shrewd move to simultaneously make the movie available online for rental/purchase on YouTube, Google Play, Xbox Live, Vudu and via iTunes. The online release of The Interview set a record for Sony, raking in $15 million in the first few days of availability making... Read more...
The evolution to gigabit Internet speeds continues with the news that Time Warner Cable will be trying to bring what it calls the “Gigasphere” to L.A. in 2016. The city is soliciting requests for information (RFIs) for gigabit-level Internet service, and TWC is in the mix. “Over the last four years, Time Warner Cable has invested more than $1.5 billion to enhance our infrastructure and services in Los Angeles,” said executive VP and chief strategy Peter Stern in a press release. “This significant investment coupled with new ‘Gigasphere’ technology positions... Read more...
As we’ve all had some time to digest the potential reality of a Comcast-Time Warner Cable merger, there’s some thought out there that the two giants could be making a move specifically designed to target cord-cutters, those brave souls who’ve given the one-finger salute to traditional pay-TV providers and their steep fees and incommensurate product. Farhad Manjdo of the New York Times writes that the new, bigger Comcast can recoup any lost cable customers by ensuring that it provides them their Internet service. So one way or another, they get to decide how much customers in its... Read more...
Speaking of competition on the streaming entertainment front, Apple is close to securing a deal with Time Warner Cable that would bring the latter’s channels to the Apple TV, reports Bloomberg. This jibes with rumors from nearly a year ago that Apple was capitulating to pay-TV providers by looking at deals to offer their content through Apple TV rather than trying to build a robust portfolio of content from other sources to compete against them. Apple TV The report also stated that Apple was snagging Pete Distad, formerly of Hulu, ostensibly to help negotiate more content provider deals such... Read more...
Microsoft has been in dire need of a win pertaining to its Xbox products lately, and this one is pretty good: Xbox 360 users with an Xbox Live Gold membership will be able to watch 300 of Time Warner Cable’s “most popular” channels live, right from their consoles with TWC TV. They’ll be able to navigate the channels using voice commands and the Kinect, which makes for an interesting experience. In fact, that sounds just about exactly like one of the Xbox One’s most impressive features--more integrated, powerful, and accurate voice control for all your entertainment... Read more...
A thing is worth whatever others are willing to pay for it, and amid speculation as to how much TV and movie streaming service Hulu is worth has ranged from half a billion dollars or so to as much as $2 billion. According to a Reuters report, sources say that at least three bidders have offered a cool billion each, including Yahoo! and DirecTV. The identity of the third billion-dollar bidder is unknown. News Corp and Disney currently own Hulu, but Yahoo! has submitted a formal bid, and DirecTV, Time Warner Cable, Silver Lake (a part owner of Hollywood agency William Morris, with whom its making... Read more...
The rollout of Google Fiber in a given location must feel like an impending tidal wave to the competition, which generally offers slower Internet speeds at higher prices (and often with frustrating customer service) than the search giant-come-ISP, and we’ve discussed before how this development has put the industry on notice. Time Warner Cable doesn’t plan to take Google Fiber’s disruption lying down, and its Director of Digital Communications, Jeff Simmermon, has taken to the corporate blog to let everyone know just what the company is doing to stay competitive. In Austin, the... Read more...
Google Fiber is, in a word, awesome. In addition to bringing unprecedented Internet speeds to a few lucky areas in Kansas City (at an attractive price point no less), the presence of the service has apparently been attracting startups to the area and has people calling it the “Silicon Prairie”. Google is also on the record as saying that Google Fiber is not just a one-off thing; it will spread to more locales and will no doubt foster growth in those places, as well. And perhaps it’s obvious, but Google Fiber may be a problem for competing ISPs. For example, The Consumerist posted... Read more...