Verizon faces delays in launch of online TV service - report

Friday 11 August 2017 | 15:16 CET | News

Verizon is struggling to sign up content providers for its planned online TV service, people with knowledge of the matter told AdAge. Its plan to start selling packages with dozens of channels has slipped to fall from summer and could be put off further, the report said. The delay is reportedly due to turnover among executives in Verizon's video team and internal discussions over the specifics of the service.

Verizon has spent months trying to obtain rights to networks for a live online service to compete with offerings from DirecTV, Hulu and YouTube. The product would be separate from the Fios TV service delivered over its fibre network in parts of the US. 

The New York-based carrier had planned to introduce the service by late September, Bloomberg reported in March, but that deadline is no longer considered possible, as the company is still working on details like pricing, programming and technology. The service still could be ready by year-end, one of the people said.

Executive departures include Ben Grad, executive director for content strategy and acquisition, who left last week for a position at FuboTV, and Chip Canter, a former NBCUniversal executive, who departed in April.

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