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Charter Communications (CHTR) to Launch an All-In-One TV App
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Charter Communications Inc. (CHTR - Free Report) , the second largest cable MSO in the U.S. after Comcast Corp. (CMCSA - Free Report) , has taken the initiative to upgrade its multiscreen app and launch an authenticated in-home and TV Everywhere app called Spectrum TV.
This step comes right after the company’s acquisition of two big cable multi-service operators (MSOs), namely Time Warner Cable (TWC) and Bright House Networks (BHN), which had boosted Charter Communications to its current position.
The new TV app is aimed at uniting the viewing experience of these two big MSOs on a single podium. Interestingly, prior to its purchase by Charter Communications in 2016, Time Warner Cable was ranked the second largest cable company in the U.S. by revenue. Bright House Networks was ranked sixth.
The Time Warner Cable and Bright House deals have benefited Charter Communications in terms of geographic expansion and operating cost synergies, which in turn have boosted its bottom line and free cash flow. The recent launch of the new app marks another step in the company’s ongoing integration process.
The new Spectrum TV app makes up to 300 live channels and 25,000 on-demand programming accessible to customers via Apple Inc.’s (AAPL - Free Report) iOS, Android, Kindle Fire, Roku, Xbox One, Samsung Smart TV and at its site, namely, www.SpectrumTv.com. Overall, it combines the best features and functions in a single app, giving customers greater flexibility and more content on a growing number of devices.
The new Spectrum TV app also supports legacy Charter Communications customers as well as those who came on board via Charter Communications’ acquisitions of TWC and BHN.
We believe the upgrade came following TWC customers’ complaint regarding Charter Communications’ older multi-screen apps’ which were not working properly.
During the last reported fourth-quarter 2016 earnings, Charter Communications had publicized the completion of about 75% of the rollout of its Spectrum pricing and packaging. The company further expects to complete the roll out for residential customers by the end of this month.
Downturn
Recently, Charter Communications’ Time Warner Cable unit was fined $139.8 million by the Kansas City Court, as a damage recovery payment to Sprint Corp. (S - Free Report) in relation to breaking digital voice telephone services norms. Time Warner Cable was found guilty of intentionally violating five patents for Voice-over-Internet Protocol.
Such lawsuits, along with their related fines, act as major dampeners for the company’s financials and long-term growth. Sometimes, these charges also affect the company’s credit ratings going forward. We hope that Charter Communications will soon recover from the loss it had to face from such fines and believe that the cable company will henceforth remain aware of all its activities.
Over the past three months, we observed that shares of Charter Communications grew 15.84% compared with the Zacks categorized Cable Television industry’s gain of 10.43%.
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Charter Communications (CHTR) to Launch an All-In-One TV App
Charter Communications Inc. (CHTR - Free Report) , the second largest cable MSO in the U.S. after Comcast Corp. (CMCSA - Free Report) , has taken the initiative to upgrade its multiscreen app and launch an authenticated in-home and TV Everywhere app called Spectrum TV.
This step comes right after the company’s acquisition of two big cable multi-service operators (MSOs), namely Time Warner Cable (TWC) and Bright House Networks (BHN), which had boosted Charter Communications to its current position.
The new TV app is aimed at uniting the viewing experience of these two big MSOs on a single podium. Interestingly, prior to its purchase by Charter Communications in 2016, Time Warner Cable was ranked the second largest cable company in the U.S. by revenue. Bright House Networks was ranked sixth.
The Time Warner Cable and Bright House deals have benefited Charter Communications in terms of geographic expansion and operating cost synergies, which in turn have boosted its bottom line and free cash flow. The recent launch of the new app marks another step in the company’s ongoing integration process.
The new Spectrum TV app makes up to 300 live channels and 25,000 on-demand programming accessible to customers via Apple Inc.’s (AAPL - Free Report) iOS, Android, Kindle Fire, Roku, Xbox One, Samsung Smart TV and at its site, namely, www.SpectrumTv.com. Overall, it combines the best features and functions in a single app, giving customers greater flexibility and more content on a growing number of devices.
The new Spectrum TV app also supports legacy Charter Communications customers as well as those who came on board via Charter Communications’ acquisitions of TWC and BHN.
We believe the upgrade came following TWC customers’ complaint regarding Charter Communications’ older multi-screen apps’ which were not working properly.
During the last reported fourth-quarter 2016 earnings, Charter Communications had publicized the completion of about 75% of the rollout of its Spectrum pricing and packaging. The company further expects to complete the roll out for residential customers by the end of this month.
Downturn
Recently, Charter Communications’ Time Warner Cable unit was fined $139.8 million by the Kansas City Court, as a damage recovery payment to Sprint Corp. (S - Free Report) in relation to breaking digital voice telephone services norms. Time Warner Cable was found guilty of intentionally violating five patents for Voice-over-Internet Protocol.
Such lawsuits, along with their related fines, act as major dampeners for the company’s financials and long-term growth. Sometimes, these charges also affect the company’s credit ratings going forward. We hope that Charter Communications will soon recover from the loss it had to face from such fines and believe that the cable company will henceforth remain aware of all its activities.
Over the past three months, we observed that shares of Charter Communications grew 15.84% compared with the Zacks categorized Cable Television industry’s gain of 10.43%.
Charter Communications currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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