Verizon cancels plans to create its own TV streaming service
In mid-January, a report popped up claiming that Verizon was working on its own Internet-based TV streaming service to compete with the likes of Sling TV, PlayStation Vue, and others. According to a Yahoo! Finance interview, however, it looks like these plans have been canceled.
Commenting on the company's intention to create a TV service, CEO Lowell McAdam said —
Verizon wants to integrate content from Oath into an existing service, and according to Lowell, a partner should be chosen for this deal soon with plans to launch by Q4 2018.
Despite this change of mind for Verizon, we're still expecting streaming services from competitors T-Mobile and AT&T. T-Mobile acquired Layer3 in mid-December last year to kickstart its plans in this niche, and AT&T recently announced that it'll soon come to market with a streaming plan that costs just $15/month as part of a new AT&T Watch service.
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Joe Maring was a Senior Editor for Android Central between 2017 and 2021. You can reach him on Twitter at @JoeMaring1.