Yes. To activate, follow the steps below:
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Download "Remote" app in the App Store from your iOS device
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Launch app
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Turn on home sharing
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Enter Apple ID and password that you are currently using with your Apple TV
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Once home sharing is on, the Apple TV icon will appear on the mobile iOS device
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Select Apple TV icon
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In the top right corner of your device, select the icon with 4 arrows. Mobile device should now act as a remote for Apple TV