Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Report: HBO and Apple near partnership on video streaming service

Published 03/04/2015, 06:55 PM
Updated 03/04/2015, 07:03 PM
Game of Thrones soon might be available on Apple TV, if the tech giant reaches a deal with HBO

Investing.com -- HBO and Apple are closing in on a deal that will make HBO's video streaming service available on Apple TV when it debuts next month, multiple outlets reported on Wednesday.

The video streaming service, which will be called HBO Now, according to the International Business Times, is preparing to launch in April in time for the season premiere of Game of Thrones. The service will allow viewers to access HBO programming without a subscription to a cable provider.

Although the two companies are considering offering a monthly subscription of $15 a month for the service, according to CNBC, a final decision on subscription costs has not been made.

Apple TV, which launched the first of three versions in 2007, reportedly eclipsed 20 million in unit sales of the player last spring. There was little movement with Apple Inc (NASDAQ:AAPL) stock in after hours trading, as it fell 0.07% to 128.54.

Last October, HBO Chairman Richard Plepler told investors that the service will target 10 million customers nationwide that have internet access, but do not subscribe to cable or satellite TV. Time Warner Inc (NYSE:TWX), which owns HBO, was down 0.10% to 83.08 in after hours trading.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.