Verizon Drops Plan For Own OTT Service

May 26, 2018

Verizon has been adamant that the OTT TV service it was developing would not be a “me-too” amid a growing sea of virtual MVPDs.

Mission accomplished (sort of) -- Verizon’s OTT TV service won’t be a me-too because it has also turned into a “never was.”

Realizing that creating something that is truly differentiated and given the general decline of “linear” TV, Verizon has shifted gears and decided it would rather partner up with an existing OTT TV player and try to create something a bit different by integrating digital content from Oath, the unit that runs Yahoo and AOL. “Our view is that we should partner with those that are in the linear game,” Verizon CEO Lowell McAdam said earlier this week in this video interview with Yahoo Finance. “Let them be very good at what they do. We’ll add digital content into that mix, and we’ll position ourselves for where we become more of an over-the-top video culture versus the linear model that we have today.”

Read more at Multichannel News

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