Apple could make a play for Time Warner to jumpstart TV streaming service

apple-logo
In what could be a blockbuster deal, Apple is allegedly mulling over a purchase of Time Warner. The one-time cable giant is getting pressured from investors to either spin off some of its assets or sell itself entirely.

According to the NY Post, and sources familiar with the situation, Apple is one of a few companies that would be interested if Time Warner decides to make a move. The other companies are AT&T, which already owns DirecTV, and Fox.

Apple might be interested in Time Warner in order to support a possible TV streaming service. The Cupertino company was expected to launch such a service last year, but it was supposedly delayed until this year. According to sources, negotiations with the TV networks were going slower than expected.

A deal with Time Warner could speed things up since the company owns CNN, TNT, TBS, NBA TV, Cartoon Network, HBO, as well as Warner Bros. movies and TV shows. However, Apple would still need to negotiate with major networks like ABC, CBS, NBC, and Fox.

Apple already has its own Apple TV set-top box, which is now in its fourth generation. Users can already stream on-demand content from major apps like HBO Go, WatchESPN, MLB.TV, and others. However, rumors indicate Apple wants to offer a package deal similar to Sling TV, which costs only $20 per month for about 20 major channels. Sony’s PlayStation Vue is another similar offering, but it’s more expensive. Amazon is also rumored to be planning to launch its own TV streaming service, but the company wasn’t mentioned as a possible buyer of Time Warner.

All of this is hearsay at the moment, and moreover it’s contingent on Time Warner’s willingness to sell. The company’s board already turned down an offer 18 months ago from 21st Century Fox for $85 per share. Yesterday’s closing price of $71.06 is well below that, and according to sources, closed-door meetings with investors earlier this week revealed that CEO Jeff Bewkes is against a sale or spinoff of HBO because “splitting up can destroy value.” However, according to the Post, two longtime investors are just about out of patience and would support a breakup or sale of the company.

A source close to Apple told the Post that Eddy Cue, senior vice president of Internet software and services at Apple, is supposedly keeping tabs on the proceedings at Time Warner. Meanwhile, both Apple and Time Warner declined to comment about the rumor.

We will have to keep an eye on this one because it could change things dramatically in the entertainment world if Apple is really interested in purchasing Time Warner.

Start your free trial today

Product Review

The iPad Pro is the best tablet ever. But don't sell your laptop just yet

Apple has unveiled a big redesign for the iPad Pro, slimming down the bezels, adding Face ID, and the ability to attach and charge the Apple Pencil. All of this comes at a high cost however, as the iPad Pro starts at $799.
Smart Home

The Apple HomePod gets a whole lot cheaper today at Target

Apple's HomePod hasn't been the most popular smart speaker on the market but for users who are all in on Apple's heavily policed ecosystem of devices, this smart speaker is on serious sale at Target this week.
Movies & TV

HBO Go vs. HBO Now: Which streaming service is right for you?

If you're looking to get access to HBO, you might be comparing HBO Go and HBO Now. We break down the differences between the twin streaming services and see how they compare to one another.
Home Theater

5 sonic stocking stuffers to improve your loved ones’ listening life

Looking for some simple and affordable gifts to get the music nerd in your family? Here are five great gift ideas that will improve their listening life -- and won't cost you an arm and a leg to give them.
Home Theater

Set your ears free with the best completely wireless earbuds

If you can't stand the tangle of cords, or you're just excited about completely wireless earbuds, you're going to need some help separating the wheat from the chaff. Our list serves up the best true wireless earbuds around.
Home Theater

From the Roku Ultra to the Fire TV Cube, these are the best streaming devices

There are more options for media streamers than ever, so it’s more difficult to pick the best option. But that’s why we're here. Our curated list of the best streaming devices will get you online in no time.
Home Theater

Streaming services blast past networks for the most scripted TV shows in 2018

For the first time in history, streaming services like Netflix, Hulu, and Amazon, produced more original scripted series than broadcast or cable channels, setting a new record for the number of TV shows on the air.
Home Theater

Block the outside world, tune into your own with the best in-ear headphones

Over-the-ear headphones offer top-flight sound, but they're not so easy to take along with you. If you're looking to upgrade your portable sound, check out our favorite in-ear headphones -- there's a model for every user and every budget.
Home Theater

These awesome A/V receivers will swarm you with surround sound at any budget

There is no one-size-fits-all approach to shopping for a receiver, so we assembled our favorites for 2018, at multiple price points and all loaded with features, from Dolby Atmos to 4K HDR, and much more.
Movies & TV

Celebrate the 25th anniversary of ‘The X-Files’ with the show’s 10 best episodes

The X-Files premiered 25 years ago, so here are the 10 best episodes of the award-winning sci-fi series. From alien-abduction drama to hilarious satires, these are the best episodes from all 11 seasons of the hit series.
Movies & TV

Can't get enough lightsaber action? Here's how to get your Star Wars fix online

Few of us want to deal with DVDs or Blu-ray discs anymore. Unfortunately, the Star Wars movies are few and far between when it comes to streaming. If you want to watch Star Wars online, check out our guide on where to find the films online.
Home Theater

Netflix vs. Hulu vs. Amazon Prime: Battle of the streaming giants

Trying to figure out which subscription streaming service to use while sticking to a frugal entertainment budget? Check out our updated comparison of the big three: Netflix, Amazon Instant Video, and Hulu.
Home Theater

How to master your equalizer settings for the perfect sound

You may know what an EQ is, but do you know how to adjust equalizer settings for the best possible sound? We go through the basics of the modern EQ and lay out some guidelines for how to achieve tip-top sound from your system.
Home Theater

Confused about LED vs. LCD TVs? Here's everything you need to know

Our LED vs. LCD TV buying guide explains why these two common types of displays are fundamentally connected, how they differ, what to look for in buying an LED TV, and what's on the horizon for TVs.