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Coincidentally, streaming programming drew some questions at both Time Warner and Viacom's earnings conference calls Tues. For Time Warner, don't count on it to offer HBO through its TVE platform HBO Go as a standalone service anytime soon. “We don't think it makes sense… the market is not significantly large enough to be attractive at this point,” CEO Jeff Bewkes said. However, such service is possible in the future, as Bewkes noted HBO Go is being offered as a stand-alone service in Scandinavia. Meanwhile, Bewkes said Netflix's sub growth isn't hurting pay-TV business, calling it “complementary.” Viacom, whose contract with Netflix expires later this month, remains in discussions with the streaming service and others, chief exec Philippe Dauman said. “We are open to licensing content, some of it on an exclusive basis,” he said. Netflix raised eyebrows when it said it wouldn't renew the broad licensing deal with Viacom. Instead, Netflix will focus on exclusive rights to particular shows, the execs said. Time Warner grew its 1Q net income by 19% over the last year thanks to strong network performances. Network revenues increased 3% YOY to $3.7bln, thanks to 5% YOY growth in subscription revenues. Ad revenues benefited from growth at Turner's domestic entertainment nets due to higher pricing. Viacom posted mixed 1Q earnings results as it grew its media networks revenues but posted lower filmed entertainment revenues. Total revenue decreased 6% YOY to $3.14bln, hurt by a 20% YOY decline in filmed entertainment revenues. Media networks' revenue rose 2% YOY to $2.23bln thanks to an increase in advertising, affil and ancillary revenues. Comparing the nets, Bernstein Research analysts noted Viacom was able to post 2% YOY ad growth, despite aggregate ratings down 14%, while Time Warner posted a 1% YOY ad revenue decline, despite aggregate ratings down only 2%. “Some of this was timing (NCAA Tournament) and shut-down of an unprofitable network in India,” the analysts said. Pivotal Research still favors Viacom over other video-centric stocks, citing ongoing turnaround at Nickelodeon.

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