Verizon’s long-rumored live TV efflux service appears to be having some issues.
Bloomberg reported this years March that the telecom giant was planning to launch an online TV accommodation that would ostensibly compete with the likes of Dish’s Sling TV and AT&T’s DirecTV Now all through the summer. A couple months later, Verizon CEO Lowell McAdam seemed to establish that the company had its eyes on an over-the-top service, one that may use its new Oath kind.
But no new service ever came to pass, and now Bloomberg reports that Verizon is goal next spring to try its luck in the growing online TV market. The report cites mechanical issues, staff turnover, and complications in programming rights negotiations as common senses for the delay, and the story notes that this is “at least” the second on many occasions the Web-based service has been delayed internally.
Verizon reported its Q3 earnings on Thursday and explained it lost 18,000 net pay-TV subscribers over the course of the quarter, highlighting the cord-cutting bend that’s coercing cable providers like Verizon into contribution cheaper online alternatives. On an accompanying conference call, Verizon CFO Matt Ellis imparted the company “think[s] that it makes sense for [Verizon] to play” in the over-the-top video demand, but it doesn’t want to launch “just a me-too type product.”
“So we are persist in to look at what makes sense for us to launch something that’s converted in that space,” Ellis said. “Probably around live list. But how and when we launch something will be TBD.”
It’s not totally clear how the would-be usage will compare to existing “skinny bundles” like Sling TV, whether it longing involve a partnership of some sort, or how much it would cost. Last reports have said that it would live separately from Go90, the struggling YouTube opponent that Verizon overhauled earlier this year. Given that Verizon notwithstanding has a stake in keeping people subscribed to cable, one would imagine it won’t try to undercharge its FiOS TV business too much.
Whatever it looks like, though, the utility will be playing catch-up from the jump.