TMCnet News
Cablevision Reaches Agreement to Offer Customers HBO GO and MAX GO (CVC)Dec 19, 2011 (SmarTrend(R) News Watch via COMTEX) -- Cablevision (NYSE:CVC) announced an agreement to offer its iO TV customers access to Time Warner's (NYSE:TWX) HBO's authenticated online video destinations, HBO GO and MAX GO. Cablevision customers who subscribe to HBO and/or Cinemax will have free, unlimited access to the corresponding online services at any time, on any computer in the U.S. with a high-speed Internet connection as well as iPad, iPhone, iPod touch and select Android devices. The company expects to launch these services in the next few months. "Given the success and popularity of our own Optimum App, we know our customers want the flexibility to watch the programming they receive as part of their cable television service in new ways, on a variety of devices, so we are very pleased to have reached agreement to offer HBO GO and MAX GO to our digital cable customers," said John Trierweiler , executive vice president of product management. "With the Optimum App and other TV Everywhere agreements, Cablevision is leading the way in empowering customers to watch what they want, when and where they want it, on an expanding array of television platforms." Cablevision Systems (NYSE:CVC) has potential upside of 67.5% based on a current price of $13.13 and an average consensus analyst price target of $21.98. Cablevision Systems is currently below its 50-day moving average (MA) of $15.50 and below its 200-day MA of $25.01. In the last five trading sessions, the 50-day MA has fallen 1.3% while the 200-day MA has slid 2.22%. Cablevision Systems Corporation provides telecommunications and entertainment services. The Company has operations in multimedia delivery, subscription cable television services, championship professional sports teams, and national television program networks. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |