Apple said to be near deal with Time Warner Cable

The agreement would give subscribers of the cable service access to channels using Apple TV.

By MSN Money Partner Jul 3, 2013 12:15PM

Fox BusinessApple TV (© Louis Abate/FlickrVision/Getty Images)By Matthew Rocco

 

Apple (AAPL) is reportedly close to an agreement with Time Warner Cable (TWC) to give subscribers of the cable service access to channels using Apple TV.

 

According to Bloomberg News, the companies plan to announce a deal within a few months.

 

Time Warner Cable and Apple did not immediately respond to requests for comment.

 

The consumer tech giant is also hiring Pete Distad from online video provider Hulu, the report said. Distad was senior vice president in charge of marketing and distribution. At Apple, he will help executives in negotiations with media and cable companies.

 

A deal with Time Warner Cable would be Apple's first agreement with a cable company. Apple has already agreed to content deals with Time Warner's (TWX) HBO and Walt Disney's (DIS) ESPN, as the company aims to better compete with Roku's set-top boxes and Microsoft's (MSFT) Xbox. (Microsoft owns and publishes Top Stocks, an MSN Money site.)

 

Time Warner Cable, the second-largest U.S. cable provider, has come to similar agreements with Roku, Xbox and Samsung. It also offers a mobile application called TWC TV for the iPhone, iPad and devices using Google's (GOOG) Android operating system.

 

Unlike Intel (INTC), Apple appears to be working with television service providers to bring content to Apple TV. Intel, however, is negotiating with media companies to build an Internet-based service that would offer live television programming and more directly compete with cable and satellite companies.

 

Shares of Apple were up almost 1% in midday trading. Time Warner Cable was trading 2% higher.

 

More from Fox Business

4Comments
Jul 4, 2013 11:02AM
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Apple and TWC (good service-bad service) (best-worst) Odd couple written all over it...
Jul 4, 2013 11:08PM
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Time Warner? Do they really want to be associated with one of the worse companies for customer service?
Jul 4, 2013 10:53PM
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Creativity of Capitalism. Yes, this system has drawbacks, but better than anything else that human beings have come up with. Not a likely customer, but great to see companies out there moving and shaking. I have had pretty good experience w/ Apple, not so much w/ Time Warner.
Jul 3, 2013 1:05PM
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Apple TV,  the cable box replacement.    Win win for both companies in bringing on demand content to the subscriber and their mobile devices / TV.
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