Verizon CEO Confirms Plan to Launch Own Streaming TV Service

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Verizon CEO Lowell McAdam recently said that the company plans to launch an over-the-top TV streaming service later this year, Verizon will build a platform with a massive number of potential subscribers – Yahoo and AOL enjoy a combined total of 1.3 billion users – to kick-start streaming TV.

McAdam’s statements largely affirm an earlier report from Bloomberg which disclosed Verizon’s plans to enter the over-the-top dwell TV market with a bundle of dozens of channels to be bought individually from its FiOS dwelling TV providing.

Verizon’s service will still be separate from the company’s existing mobile video service Go90. The over-the-top offering will likely be similar to Sling TV and DirecTV Now which is owned by Verizon’s biggest competitor

Reports suggest that Verizon has been thinking about launching a skinny TV bundle offering of its own which would be similar to other online TV streaming services like AT&T’s DirecTV Now and Dish’s Sling TV.