Monday, June 25, 2018 11:54:04 PM
Verizon CEO Lowell McAdam isn’t a fan of the traditional TV viewing experience. “I’ve said this a couple of times, I think the linear model is dead. It’s just going to take a long time to die,” he said in an interview with Yahoo earlier this week. His Fios team probably hopes that the latter point is true.
So instead of moving ahead with its own product, Verizon is now going to partner with an unspecified existing OTT service and contribute content from its various Oath brands. “By the time we launch in fourth quarter, we will have a partner picked out and we’ll integrate our Oath assets into the linear assets that they have and bring the full package to customers,” he said. “So, we think that’s going to be a big hit from a customer perspective.”
Way back in 2014, Verizon agreed to buy the technology and IP behind an Intel-created over-the-top TV service that never actually launched. Ever since, there have been regular reports of Verizon trying to sign content deals and coming up short. Last August, Bloomberg reported that the company was struggling to wrangle together content for its planned service amid executive turnover and internal disagreements over the broader plan for the streaming TV platform
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM