You will be redirected back to your article in seconds

AOL TW: Subs eager for video-on-demand

Digital video recorders and high-definition see big boost

Time Warner Cable is taking the lead in rolling out video-on-demand to its cable systems. Company said it has already attracted 700,000 subscribers to its VOD and subscription VOD services across its footprint.

Speaking at a Merrill Lynch investor conference Thursday, AOL Time Warner chief financial officer Wayne Pace said in the company’s New York City franchise alone, combined pay-per-view, SVOD and VOD revenues for the second quarter were up 77% from the same quarter last year, excluding a big Lennox Lewis-Mike Tyson boxing match.

Pace said the group also is making progress selling its advanced set-top boxes, which include digital video recorders and high-definition. Company has so far signed up 200,000-plus customers for DVR-enabled boxes and just over 140,000 for high-def-enabled boxes.

TWC is considering a more aggressive move into delivering voice telephony. “We’re comfortable with the technology and excited about the opportunity to bundle voice with video and data,” said Pace, adding that a rollout will begin in the latter part of 2003 and into 2004.

Pace said at this stage, there are no immediate plans to launch an IPO of the cable unit as originally planned. But he did note that Comcast, which owns 21% of TWC, has the right to trigger the IPO process at any time.

As for the company’s other businesses, Pace predicted the online AOL division should return to growth in 2004 thanks to greater focus on profitability rather than the absolute size of its dial-up and broadband customer base.

As for its pending negotiations with Bertelsmann to merge its Warner Music group label business with BMG’s, Pace said, “There’s still a lot of work to be done” on the merger. He also said the company probably would be looking to sell its music publishing biz regardless of whether it completes the BMG merger. “Music publishing is not core and fundamental to our other business,” he said.

More TV

  • Red Arrow Entertainment Regroups Scandinavian Production

    Red Arrow Entertainment Regroups Scandinavian Production Into Snowman Productions Denmark

    Time Warner Cable is taking the lead in rolling out video-on-demand to its cable systems. Company said it has already attracted 700,000 subscribers to its VOD and subscription VOD services across its footprint. Speaking at a Merrill Lynch investor conference Thursday, AOL Time Warner chief financial officer Wayne Pace said in the company’s New York […]

  • Harvey Weinstein

    TV Academy Votes to Begin Disciplinary Proceedings Against Harvey Weinstein

    Time Warner Cable is taking the lead in rolling out video-on-demand to its cable systems. Company said it has already attracted 700,000 subscribers to its VOD and subscription VOD services across its footprint. Speaking at a Merrill Lynch investor conference Thursday, AOL Time Warner chief financial officer Wayne Pace said in the company’s New York […]

  • Tracy Morgan TCA

    Tracy Morgan's 'The Last O.G.' Loses Showrunner, Delayed Until 2018

    Time Warner Cable is taking the lead in rolling out video-on-demand to its cable systems. Company said it has already attracted 700,000 subscribers to its VOD and subscription VOD services across its footprint. Speaking at a Merrill Lynch investor conference Thursday, AOL Time Warner chief financial officer Wayne Pace said in the company’s New York […]

  • Roy Price's Top Amazon Lieutenants Under

    Roy Price's Top Amazon Lieutenants Under Scrutiny (EXCLUSIVE)

    Time Warner Cable is taking the lead in rolling out video-on-demand to its cable systems. Company said it has already attracted 700,000 subscribers to its VOD and subscription VOD services across its footprint. Speaking at a Merrill Lynch investor conference Thursday, AOL Time Warner chief financial officer Wayne Pace said in the company’s New York […]

  • Chelsea Handler Netflix trailer

    'Chelsea' Proves Netflix Can't Always Beat TV at Its Own Game (Opinion)

    Time Warner Cable is taking the lead in rolling out video-on-demand to its cable systems. Company said it has already attracted 700,000 subscribers to its VOD and subscription VOD services across its footprint. Speaking at a Merrill Lynch investor conference Thursday, AOL Time Warner chief financial officer Wayne Pace said in the company’s New York […]

  • The Loudhouse Nickelodeon

    'Loud House' Showrunner Chris Savino Fired From Nickelodeon for Sexual Harassment Allegations

    Time Warner Cable is taking the lead in rolling out video-on-demand to its cable systems. Company said it has already attracted 700,000 subscribers to its VOD and subscription VOD services across its footprint. Speaking at a Merrill Lynch investor conference Thursday, AOL Time Warner chief financial officer Wayne Pace said in the company’s New York […]

  • Jon Stewart Stand Up for Heroes

    TV News Roundup: HBO to Air Jon Stewart's 'Night of Too Many Stars'

    Time Warner Cable is taking the lead in rolling out video-on-demand to its cable systems. Company said it has already attracted 700,000 subscribers to its VOD and subscription VOD services across its footprint. Speaking at a Merrill Lynch investor conference Thursday, AOL Time Warner chief financial officer Wayne Pace said in the company’s New York […]

More From Our Brands

Access exclusive content