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Apple TV Deal Spotlights Software, Services

NEW YORK ( TheStreet) -- It looks as if Apple (AAPL - Get Report) really is serious about improving its software and services. And it's using its foray into television as the platform.

According to Bloomberg, Apple is nearing a deal with Time Warner Cable (TWC - Get Report) to bring Time Warner Cable's live television channels to its Apple TV set top box, in what is the first potential deal Apple has struck with a cable company. Sources close to the situation said that an agreement could come within a few months.

It's not yet known if the potential deal would be similar to Apple's other deals for Apple TV and be app based. Time Warner Cable already has apps for both the iPhone and iPad that allow its customers to watch live television on those devices.

Apple could not be immediately reached for comment for this story.

A deal with Time Warner Cable would mark a huge strategy shift for Apple, which in the past has added older content to the set top box. Most recently, Apple plugged a huge hole, adding content from HBO GO, a division of Time Warner (TWX - Get Report), and Watch ESPN, a division of Walt Disney (DIS - Get Report).

Adding a potential deal with Time Warner Cable to these demonstrates that Apple is serious about increasing its software and services that are of value to its consumers.

It also marks a change that Apple is willing to work with the cable companies on enhancing the television watching experience. In the past, there have been reports that Apple was working on its own television set, something that former CEO Steve Jobs hinted at in his biography, just before he passed away in 2011.

Both Jobs and current CEO Tim Cook have previously said that the television watching experience is outdated. "When I go into my living room and turn on the TV, I feel like I have gone backwards in time by 20 to 30 years," Cook said in an interview at the end of last year. "It's an area of intense interest. I can't say more than that."
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AAPL $94.30 -0.92%
DIS $103.68 -0.10%
TWX $74.78 1.50%
TWC $212.72 -0.02%
FB $118.08 0.55%


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