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    Cablevision hopes to attract Internet customers with HBO Now

    By SHOOTUpdated:No Comments627 Views
    Apple CEO Tim Cook talks about HBO during an Apple event on Monday, March 9, 2015, in San Francisco. (AP Photo/Eric Risberg)

    By Tali Arbel, Business Writer

    NEW YORK (AP) --

    Cablevision is offering the new HBO Now online service to its Internet customers, even though the service could persuade more people to drop their cable TV packages.

    The company, which has a few million customers in the New York City area, said Monday that Cablevision customers can sign up for HBO Now through Cablevision. That means they can pay for HBO and Internet access together on one Cablevision bill. It also gives people a way to get HBO Now without an Apple device.

    Last week, Apple and HBO said the service will launch in April in time for the new season of "Game of Thrones" for people who have iPads, iPhones and Apple TVs. HBO said its three-month exclusivity with Apple doesn't apply to cable companies. Cablevision is the first such company to announce a way for its subscribers to sign up for HBO Now.

    Americans are increasingly "cutting the cord" on traditional TV packages as services like Netflix and Hulu provide shows more cheaply online. Still, HBO, along with sports channels, are major reasons people keep paying for traditional TV. But even those bulwarks may be starting to give, with HBO Now and Dish Network's new $20-per-month Sling TV online service, which includes ESPN, along with other popular cable channels.

    HBO is popular for its comedy specials, movies and shows including "Girls," ''Curb Your Enthusiasm" and "The Wire."

    Meanwhile, Internet subscriptions are a growth area for cable companies. Even if people drop the TV service, the company can still keep those customers with broadband access.

    Cablevision Systems Corp., which is based in Bethpage, New York, said it will provide pricing details later. Through Apple Inc., the service costs $15 a month — the same as what Cablevision charges for HBO on TV. HBO says on its website that HBO Now is available through "participating partners" — such as Apple or Cablevision — and that prices may vary.

    Cablevision customers won't need an Apple device to sign up. The company is the fifth-largest cable company in the U.S., with 2.8 million broadband subscribers and 2.7 million TV customers.

    Terms of Cablevision's deal with HBO were not disclosed. HBO is owned by Time Warner Inc.

    Tags:HBO



    DirecTV calls off acquisition of rival Dish, possibly ending a yearslong pursuit

    Friday, November 22, 2024
    Dish Network satellite dishes are shown at an apartment complex in Palo Alto, Calif., Feb. 23, 2011. (AP Photo/Paul Sakuma, File)

    DirecTV is calling off its planned acquisition of rival Dish after the offer was rejected by bond holders at that company.

    The deal was reliant on Dish bond holders agreeing to trade in the debt they held for debt in the new company, a swap that would have cost them about $1.6 billion, collectively.

    The retreat by DirecTV this week may end a years-long effort by the company to acquire both Dish and Sling after it announced the bid in September.

    DirecTV was looking to acquire Dish TV and Sling TV from its owner EchoStar in a debt exchange transaction that included a payment of $1, plus the assumption of approximately $9.8 billion in debt. The deal was contingent on several factors, including regulatory approvals and bondholders writing off debt related to Dish.

    "While we believed a combination of DirecTV and Dish would have benefited all stakeholders, we have terminated the transaction because the proposed exchange terms were necessary to protect DirecTV's balance sheet and our operational flexibility," DirecTV CEO Bill Morrow said in a statement.

    The prospect of a DirecTV-Dish combo has long been rumored, and reported talks resurfaced over the years. And the two almost merged more than two decades ago — but the Federal Communications Commission blocked the deal valued at the time at $18.5 billion deal, citing antitrust concerns.

    The pay-for-TV market has shifted significantly since. As more and more consumers tune into online streaming platforms, demand for more traditional satellite entertainment continues to shrink.

    DirecTV says that it will continue to invest in next-generation streaming platforms and offer new packaging options while integrating content from live TV alongside direct-to-consumer... Read More

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