Verizon to rival Netflix on video streaming market?
From smartphones and internet services, to video streaming?
According to a recent post courtesy of Reuters, Verizon Communications Inc., (known for its sister company’s expansive 4G network in the US) is planning on launching a standalone streaming service which will let users gain access to a wide array of movies and television shows online.
The said streaming service from the king of 4G networks (which will be launched sometime next year) is aimed to compete directly against Netflix, it’s worth noting that another possible rival of Verizon’s streaming service in the near future would be Hulu–one of the biggest players in the PC streaming market today. The telecom giant is said to be in talks with numerous programming partners so that they could offer a bigger media library and also to prevent problems with existing cable operators from arising since Verizon Comm. and its partners are aware of the fact that the service will be covering massive regions in the US.
It’s interesting to know how a controversy will most likely spark up due to the fact that Verizon Wireless (a sister company of Verizon Communications) is planning on reselling its cable TV service for Comcast Corp, Time Warner Cable Inc and Bright House Networks. Under that very deal (that’s been announced last week), Verizon Wireless is expected to shell out $3.6 billion for valuable spectrum from the cable companies.
Obviously, cable operators in the US are in fear of having active cable/satellite subscriptions cancelled out by customers due to the fact that cheaper web streaming alternatives are popping out everywhere, and Verizon is most certainly not helping.
Either way, the upcoming media streaming service from Verizon is poised be launched outside territories that its FiOS broadband internet and TV bundle is currently being offered, this will let the telecom firm gain access to over 85 million US households. Also, it’s worth noting that there are currently over 5 million Verizon FiOS customers that have access to around 30 networks that the service is currently offering.
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