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Time Warner : New streaming service aimed at children

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03/23/2017 | 01:39pm CET

NEW YORK - A new streaming service aimed at kids will have episodes of classic cartoons like "Scooby Doo," "The Flintstones" and "The Jetsons" as well as original series.

Time Warner's Boomerang service joins a crowded market of kid-aimed online subscription video. Netflix and Amazon Prime have kids sections, Nickelodeon's Noggin streaming app is aimed at preschoolers and "Sesame Street" is available from HBO.

The Boomerang service will initially work only on Apple and Android phones and tablets and on computers. The cost is $5 a month. It'll eventually be available for TVs through streaming gadgets like Apple TV and Roku. The service launches in a few months.

The app draws from the same libraries as the Boomerang TV channel but its videos won't match the network's lineup.

The app isn't part of a cable subscription like popular TV apps such as HBO Go or WatchESPN. Instead, it's like CBS All Access, an app version of CBS, which starts at $6 a month.

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© © Copyright 2017, Longview News-Journal, Longview, TX., source Newspapers

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Financials ($)
Sales 2017 30 933 M
EBIT 2017 8 147 M
Net income 2017 4 649 M
Debt 2017 19 088 M
Yield 2017 1,73%
P/E ratio 2017 16,39
P/E ratio 2018 14,84
EV / Sales 2017 3,05x
EV / Sales 2018 2,83x
Capitalization 75 250 M
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Mean consensus OUTPERFORM
Number of Analysts 31
Average target price 105 $
Spread / Average Target 8,3%
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Managers
NameTitle
Jeffrey L. Bewkes Chairman & Chief Executive Officer
Howard M. Averill Chief Financial Officer & Executive Vice President
Mitchell A. Klaif Chief Information Officer & Senior Vice President
James L. Barksdale Independent Director
Robert Charles Clark Lead Independent Director
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