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Peter Stern Resurfaces at Apple
Apple has hired a former Time Warner Cable executive in what could signal an expanded push into streaming video and other online services. Cue oversees Apple’s growing services segment, which includes businesses like the iTunes Store, Apple Pay and Apple Music. He is well placed in this role given that he has previously steered on-and-off negotiations over the proposed television streaming service with various media companies. However, he quit TWC shortly after its acquisition by Charter Communications earlier this year.
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iOS 10 Review: You don’t have to buy a new iPhone. He served in senior strategy and corporate development roles at the cable company as it maneuvered through multiple takeover attempts over the past few years.
Apple also confirmed to the paper that Stern will be focused on cloud services and subscription services such as Apple Music and a potential (and long-rumored) streaming TV service.
Most recently, however, Stern served as chief product, people, and strategy officer, helping “implement a strategy faced on consumer service” in an effort to grow Time Warner’s cable TV subscriber numbers. According to The Wall Street Journal, Stern is a vocal proponent for eliminating proprietary cable boxes provided by cable companies.
In its efforts to retain its presence in the crowded cloud business, Apple Inc.(NASDAQ:AAPL) has pulled another trigger.
Before joining Time Warner Cable in 2004, Mr.
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Given his expansive knowledge in the cable industry, Cue is optimistic that Stern will broker deals with media companies that will be of the essence in future television service. Stern, who plays piano, holds a J.D. from Yale Law School and majored in English and music at Harvard University.