Verizon said it’s still evaluating an OTT TV product that would complement its broader content strategy in response to areport from Bloombergclaiming that the launch of such a product is delayed as the company struggles to secure digital rights from key programmers.
“With the recent expansion of our digital properties, we're focused on distributing more content across all of our platforms,” Verizon spokesman Chris McCann said in a statement. “An over-the-top product would fit into this larger content strategy, and it's something we continue to evaluate. Beyond the delays in closing the Yahoo transaction, there have been no recent developments that would have had any material impact on the timing of such a product if we decided to launch it.”
Related: Snags in Carriage Talks Stall Verizon’s OTT TV Rollout Plan: Report
Verizon completed its acquisition of the operating business of Yahoo in mid-June, a deal that was delayed due to Yahoo security breaches that threw off the timing and cut into the eventual price on the deal.
For more, go to multichannel.com.
The smarter way to stay on top of broadcasting and cable industry. Sign up below.
Thank you for signing up to Broadcasting & Cable. You will receive a verification email shortly.
There was a problem. Please refresh the page and try again.