Verizon is Abandoning Plans to Launch a Live TV Streaming Service & is Turning Fios TV Into a Streaming Service


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In a move that may shock no one Verizon today announced that they plan to make Fios TV an online streaming platform. Not only that Verizon is giving up on launching their own live TV streaming service and will seek to partner with an existing service in an effort to buy into the live TV streaming market.

According to Verizon, they hope to find a partner (likely DIRECTV NOW, Sling TV, PlayStation Vue, etc) that is open to creating a custom version for Verizon.

“Our view is we should partner with those that are in the linear game,” said CEO Lowell McAdam ahead of an analyst meeting this week. “Let them be very good at what they do. We’ll add digital content to that mix, and we’ll position ourselves for where we become more of an over-the-top video culture versus the linear model that we have today.”

“By the time we launch in fourth quarter… we will have a partner picked out,” McAdam added, “and we’ll integrate our Oath assets into the linear assets that they have and bring the full package to customers.”

Verizon is not the first to decided to partner rather than launch their own service. Recently Centurylink shut down their live TV streaming service with plans to partner with an existing service.

Verizon also announced that Fios will be moved online as an online platform and even wholesale its IPTV portfolio to other providers aiming ing to launch their own consumer video applications. How exactly that will work is still to be determined as Verizon looks for partners.

For now though what we know is that Verizon has decided to abandon their previous plans for a live TV streaming service.

Source: LightReading

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