Time Warner adding out-of-home capabilities to streaming video apps
Time Warner Cable is working to add out-of-home viewing options to its TWC TV streaming video applications. The apps, available for devices running Apple's (NASDAQ:AAPL) iOS and Google's (NASDAQ:GOOG) Android, currently limit streaming to Time Warner subscribers' in-home Wi-Fi connection.
"We continue to upgrade our TWC TV apps, which we believe represent the most advanced linear IP video product in the industry," Time Warner President and Chief Operating Officer Robert Marcus said Thursday during the company's fourth-quarter 2012 earnings call, according to a transcript from Seeking Alpha. "We are now focused on adding out-of-home capabilities to the apps to make them even more valuable to customers." Marcus did not specify when the new functionality will become available.
"The really good news is that our customers are starting to make use of and appreciate the apps," Marcus added. "In December over three-quarters of a million unique customers used the TWC TV app, and they used it almost 4 million times."
The free TWC TV app features live and on-demand content from as many as 250 broadcast channels, subject to availability within the customer's home market and their Time Warner video package. The app also features an interactive programming guide highlighting up to seven days of television listings, personalized viewing guides and remote DVR scheduling capabilities.
Time Warner Cable reported $513 million in net income in the fourth quarter, down from $564 million it posted for the fourth quarter of 2011. Revenue increased by 9.9 percent to $5.5 billion. Time Warner lost 129,000 video subscribers during the quarter, but picked up 75,000 high-speed Internet and 34,000 voice customers.
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