Samsung and Time Warner Cable Announce Collaboration for Smart TV Service and Multi-Room Solutions

Time Warner Cable App to be Available to the Company’s Subscribers on Samsung Smart TV and Samsung Galaxy Tab

LAS VEGAS — 2011 International CES — Samsung Electronics Co., Ltd. (KRX: 005930, 005935; LSE: SMSN, SMSD) and Time Warner Cable (NYSE: TWC) shared the stage today at the International Consumer Electronics Show to announce a collaboration that will allow Time Warner Cable customers to access their cable subscriptions on the Samsung Smart TV and Samsung Galaxy Tab in their homes. Time Warner Cable Chairman and CEO Glenn Britt joined Samsung Visual Display President Boo-Keun Yoon on stage during Mr. Yoon’s keynote speech, where the two companies jointly announced the collaboration and demonstrated the services.

Available as an app within Samsung’s application storefront, the Time Warner Cable service ultimately will give Time Warner Cable’s subscribers access to all of their cable channels directly on Samsung smart TVs and Galaxy Tab in the home. All of the content can be consumed through Samsung’s award-winning LED, LCD and Plasma smart TV line-up, which delivers a high-quality, visual enhanced and connected entertainment experience to the home.

In addition to watching live TV on the Smart TV and Tab, Mr. Britt demonstrated the capability for Time Warner Cable customers to access recorded content from a DVR elsewhere in the home directly on the Samsung Smart TV, without the need for a connected set-top box. This creates a multi-room viewing experience that doesn’t require multiple set-top boxes in homes that have more than one connected TV.

“We are very excited to announce Time Warner Cable as our newest partner in delivering new smart TV experiences,” said Boo-Keun Yoon, president of Samsung’ Visual Display Business. “The era of smart TV is here, and innovative partners like Time Warner Cable, that can utilize this ground-breaking technology to deliver new entertainment solutions to their consumers, will be the first to succeed.”

“We’re excited to bring together Time Warner Cable’s high-value content and high-quality delivery with Samsung’s innovative products,” said Mr. Britt. “Time Warner Cable is committed to making it easier for our customers to watch what they want, when they want, on multiple devices. We’re giving customers more control than ever in ways that are simple and easy for them. Samsung’s leading technology and large base of consumers make the company the perfect partner as we deliver services that will change the way people watch TV.”

The Time Warner Cable applications will be demonstrated at the Samsung booth in the Central Hall at the International Consumer Electronics Show, Jan. 6-9, 2011.

Time Warner Cable anticipates beginning to offer the apps commercially on Samsung devices later this year.