Everything seems to indicate that Apple set its eyes on Time Warner to accelerate its plans for its own streaming service for Apple TV. According to The New York Post, the American media and entertainment conglomerate is being pressured by investors to go on sale and the company on the block is closely monitoring the situation to contemplate a possible purchase.
According to reports, Cupertino’s firm is only one of a handful of companies that are awaiting the sale of Time Warner’s assets, because this acquisition would help Apple reactivate its plans related to its own streaming service for Apple TV.
A source close to Apple told the New York Post that Eddy Cue, who is responsible for content offerings, has kept his eyes open for Time Warner’s proceedings . However, the apple company and Time Warner refused to make official comments on this matter.
Time Warner is a major draw for several technology giants, as it is the third largest media and entertainment conglomerate in the world, behind Comcast and The Walt Disney Company . In addition, this company has an extensive library of content from subsidiaries such as Turner Broadcasting System, The CW, Warner Bros, Warner Bros Animation, HBO, DC Comics, Cartoon Network Studios and Castle Rock Entertainment.