Monday, 3 April 2017
The number one US wireless carrier Verizon Communications Inc has been buying streaming rights from television network owners ahead of a nationwide launch of an online TV service. Verizon plans to sell a package with dozens of channels this year.
The company did not immediately respond to a request for comment.
The telecom giants’s move will be aimed at tackling the trend of “cord-cutting” where customers move away from traditional cable TV to streaming services such as Netflix Inc and Amazon’s Prime Video.
Verizon’s rival AT&T Inc has an online streaming television service called DirecTV Now, while US satellite TV provider Dish Network Corp in 2015 launched Sling TV, a streaming service.
Source by: Internet