Join our community of traders FOR FREE!

  • Learn
  • Improve yourself
  • Get Rewards
Learn More

Apple is approaching Time Warner for a deal that would make available channels of the TV service to Apple TV users. People familiar with the matter noted that companies plan to announce a deal till next few months as negotiation talks are still made in private.

The iPhone creator is also appointing Pete Distad from online-video service Hulu LLC, where he was senior vice president in charge of marketing and distribution, to help Apple executives in negotiations with media and cable companies, two people with familiar with the matter said to Bloomberg.

The potential deal with Time Warner shows more about Apple intentions to work within the existing pay-TV business model, rather than directly offering live TV programming. Media and entertainment companies that own television shows and movies have been opposing to selling their products directly online because it could harm sales from cable and satellite operators.

As Apple is more interested in pay TV services, Intel Corp. which is negotiating with media companies to build an Internet-based service that would compete more directly with cable and satellite companies.

Time Warner Cable has signed similar deals to make programming available through Roku’s online TV device and the Xbox gaming console which also offers TV services. The second-largest U.S. cable provider stated last month it would start making programming available for some televisions made by Samsung Electronics Co. The company serves devices such as iPhone and iPad through its TWC TV application.

Tim Cook, Apple’s CEO, said in May that more than 13 million Apple TVs have been sold since the release of the device on the market. Television is an area of “intense interest” to Apple, according to the CEO.

“When you look at the TV experience, it’s not an experience that I think very many people love,” Cook said at the D: All Things Digital technology conference. “It’s not one that has been brought up to date for this decade. It’s still an experience much like 10 years ago or 20 years ago.”

TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.

Related News

  • USD/CAD edges higher as Yellen pledges “continuity” for Fed monetary policyUSD/CAD edges higher as Yellen pledges “continuity” for Fed monetary policy The loonie, as the Canadian dollar is best known, declined against its US counterpart after the new Federal Reserve Chairman Janet Yellen, said the Federal Reserve was likely to continue scaling back its monetary stimulus in measured steps. […]
  • Forex Market: GBP/USD daily trading outlookForex Market: GBP/USD daily trading outlook Yesterday’s trade saw GBP/USD within the range of 1.4055-1.4184. The pair closed at 1.4135, edging up 0.13% on a daily basis. It has been the 27th gain in the past 59 trading days. The daily low has been the lowest level since March 16th, when […]
  • Forex Market: AUD/USD falls from one-week highs, RBA minutes signal period of steady ratesForex Market: AUD/USD falls from one-week highs, RBA minutes signal period of steady rates Having touched highs unseen in one week against its US counterpart earlier on Tuesday, following the release of the minutes of Reserve Bank of Australias recent policy meeting, the Aussie vanquished its daily gains.After hitting a daily […]
  • GBP/USD on negative territoryGBP/USD on negative territory British pound was losing ground for a third day on Tuesday against the US dollar, as market participants preferred wariness, making their decisions ahead of policy meetings by Bank of England and the Federal Reserve this week.GBP/USD slid […]
  • Forex Market: USD/CAD daily trading outlookForex Market: USD/CAD daily trading outlook Friday’s trade saw USD/CAD within the range of 1.1448-1.1308. The pair closed at 1.1327, losing 0.85% on a daily basis.At 9:26 GMT today USD/CAD was down 0.02% for the day to trade at 1.1326. The cross held in a daily range of […]
  • Forex Market: EUR/NZD daily forecastForex Market: EUR/NZD daily forecast During yesterday’s trading session EUR/NZD traded within the range of 1.5993-1.6096 and closed at 1.6084.At 8:25 GMT today EUR/NZD was adding 0.18% for the day to trade at 1.6093. The pair touched a daily high at 1.6102 at 1:15 […]