Published on October 19th, 2017 | by Brad Gibson0
A Verizon streaming TV service by year’s end? Think again
Verizon Communications is delaying the launch of its new streaming TV service for a second time from the end of 2017 to Spring 2018.
Sources have told Bloomberg news that despite previous hopes to launch its service this year, staff shuffling, technology problems and negotiations for streaming rights have bogged down Verizon’s plans.
Making matters worse, sources familiar with the situation report the launch of such a service remains tentative and could be postponed even further into 2018. The resignation of Verizon media chief Marni Walden – who will leave at the end of this year – has also dealt a blow to the service’s future.
Verizon has now apparently settled on providing a “sleeker version” of what is currently offered by pay-TV operators, according to the report, but Verizon had yet to decide if its service would be standalone or a partnership. If true, it appears the services strategy has changed dramatically. In June of this year, Walden said the goal was not to be a “me too” service.
“You’re going to see us do things in a different way. It’s definitely not about quantity though. There are some things you have to have but we’re not looking for the kitchen sink on this one,” Walden said.
The original announcement of the services development was made in May of this year.