UPDATED 12:45 EDT / AUGUST 03 2011

HBO, Time Warner See Promise in Connected Devices

HBO Go has been doing a great job so far, drawing in more viewers to the cable network and helping the movie service to take home great company earnings.  HBO Go is undoubtedly one of the drivers of HBOs growth, leveraging the increase in connected devices and online streaming interest. Time Warner decided to make their service available beyond web browsers and mobile devices, moving on to connected TVs and video game consoles as well.

The browser version for HBO GO was first rolled out in early 2010, offering a few shows which the network had been gradually augmenting.  HBO then decided to go mobile by releasing applications for the iPhone, iPad and Android devices, making the HBO experience handier and portable. The mobile applications are thriving, having been downloaded 4 million time since its roll out. What’s more is that users tend to spend more time on the network compared to those who don’t use the HBO GO service.

HBO’s recent move to reaching connected TVs and game consoles follow the footsteps of Time Warner Cable and Comcast in creating TV apps.

Time Warner managed to increase its earnings by 10 percent for the second quarter, surpassing Wall Street expectations. The company announced $7 billion in revenue, raking in a $638 million net income as of June 30.  It rose by 14 percent compared to the same period a year before.  As for its rival Comcast Corp, the company’s earnings increased by 16 percent, landing at $1.02 billion from $844 million last year.  Thanks to its increased broadband subscribers, as well as “improvements at NBC Universal.”


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