Time Warner Cable seeks quick-release movies-WSJ

CHICAGO, May 22 (BestGrowthStock) – Some U.S. cable television
subscribers would have quick access to newly released movies if
discussions between major Hollywood studios and one of the
country’s top cable operators bear fruit, the Wall Street
Journal reported on Saturday.

Executives from Time Warner Cable Inc (TWC.N: ) pitched the
concept of “home theater on demand” to Hollywood studios at a
cable industry conference last week, the Journal said.

It said some studio executives showed early support for the
primary scenario in which cable viewers could watch movies at
home just 30 days after their release to theaters, for about
$20 to $30 per movie.

It now takes some four months for a theater release to be
made available for cable viewing, the Journal said.

Talks are continuing, but sources close to the discussions
told the Journal that several studios could sign on as soon as
this fall and make quick-release movies available by the end of
the year or early next year.

Studios reviewing the proposal include Time Warner Inc’s
(TWX.N: ) Warner Bros., Walt Disney Co’s (DIS.N: ) Disney Studios,
General Electric Co’s (GE.N: ) Universal Pictures, Sony Corp’s
(6758.T: ) Sony Pictures, Viacom Inc’s (VIAb.N: ) Paramount
Pictures and News Corp’s (NWSA.O: ) Twentieth Century Fox, the
Journal said.

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(Reporting by Jim Marshall, editing by Jackie Frank)

Time Warner Cable seeks quick-release movies-WSJ