Verizon CEO confirms company’s plan to launch a streaming TV service
Verizon CEO Lowell McAdam confirmed today that the company is planning to use the post-merger AOL-Yahoo subsidiary as a platform to “test out an over-the-top service,” according to a report from Variety. The news was rumored by a Bloomberg report that claimed that Verizon was preparing to launch a nationwide TV service as early as this summer.
The statement marks the first official word that Verizon is, in fact, pursuing its own streaming TV service, similar to DirecTV Now (owned by competitor AT&T) or Sling TV (which is under Dish Network’s corporate umbrella). The Variety report also notes that the new service would still be separate from Go90, Verizon’s existing mobile video service.