Verizon seemingly cancels its oft-delayed streaming TV service [The Verge]
Verizon Communications Inc. (VZ)
Last verizon communications inc. earnings: 4/24 07:30 am
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Source: The Verge
Somehow this ended up being an even less successful endeavor than Go90 Verizon has apparently given up on launching its own streaming TV service that would’ve competed against the likes of Dish’s Sling TV, DirecTV Now, YouTube TV, and PlayStation Vue. The project has been routinely delayed over the last couple years, and spring 2018 was the last target launch time frame floated by Bloomberg . The new change in course was first reported by Multichannel . Most recently, the company had been planning to offer themed channels (news, sports, entertainment, etc.) — each as a separate, standalone app, according to a January report from TechCrunch . That strategy sounds pretty disjointed compared to the existing field of OTT services, which have at least some resemblance in programming options to traditional cable. But it makes sense when you understand that Verizon CEO Lowell McAdam isn’t a fan of the traditional TV viewing experience. “I’ve said this a couple of times
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- VZ's page on the SEC website