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Verizon to Enter Crowded Live Streaming Business

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Verizon this summer plans to launch a live streaming service with dozens of channels, according to Bloomberg News.

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The service would compete with AT&T’s DIRECTV Now, Dish’s Sling TV and Sony’s PlayStation Vue in the new live streaming category which some analysts believe will peel away subscribers from cable and satellite operators.

Hulu and YouTube are expected to launch live streaming plans in the coming weeks, and Reuters reported this week that Comcast expects to offer one in the cable operator’s markets sometime in the third quarter.

While some consumers are seeking alternatives to expensive pay TV packages from cable and satellite, it’s uncertain if the audience is large enough to sustain a half-dozen or more live streaming ventures.

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Verizon’s effort may come under even greater scrutiny because the telco has struggled to keep its Go90 mobile service alive, spending by one account as much as $200 million with little result. Go90, Verizon said at launch, would be a hit with Millennials, but it has been all miss to date.

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Bloomberg said Verizon’s new live streaming service would be operated separately from Go90. The telco is now actively seeking the rights to offer basic cable channels as part of the plan, the wire service adds.

— Phillip Swann

About TV Answer Man (1617 Articles)
The TV Answer Man is veteran journalist Phillip Swann who has covered the TV technology scene for more than two decades. He will report on the latest news and answer your questions regarding new devices and services that are changing the way you watch television.

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