Verizon Needs 6 Months to Figure Out Its Streaming Video Plans Verizon CEO Lowell McAdam says the company will spend the next six months figuring out its strategy for streaming video, and just what the company's over the top streaming platform would look like. Rumors of an over the top live streaming service from Verizon have been bouncing around for months, though like most companies Verizon has struggled to get broadcasters to sign off on the necessary licensing rights. But Verizon's ambition is clear: use its AOL and Yahoo acquisitions to fuel its quest to be a major advertiser the likes of Google or Facebook.

The problem for Verizon: those plans haven't really gone all that well, at least on the video and content side of the equation. Verizon's first attempt at a media website quickly folded after reports emerged indicating Verizon wouldn't let its writers talk about net neutrality or surveillance. The company's joint venture with Redbox went belly up after several years of hype. The company's similarly well-hyped Go90 service, which was Verizon's attempt to make a stodgy old telco seem sexy in the eyes of Millennials, has been declared "a dud" by Verizon's own partners. But Verizon has made one thing clear: it intends to throw as much money as possible at its quest to transform itself into a media and advertising powerhouse. McAdam told attendees of a Bloomberg conference this week that offering an over the top streaming service is "absolutely critical" for Verizon, but it's still entirely unclear just what a service will look like. And McAdam just floated over the fact that this service was originally supposed to debut this summer, but has clearly been delayed due to licensing woes. Whether Verizon can get out of its own way and offer a compelling streaming video platform outside of its traditional FiOS TV footprint is far from clear, but expect the offering to look much like AT&T's DirecTV Now streaming platform -- but with a very heavy emphasis on prioritizing wireless subscribers. With all signs pointing to Verizon successfully Whether Verizon can get out of its own way and offer a compelling streaming video platform outside of its traditional FiOS TV footprint is far from clear, but expect the offering to look much like AT&T's DirecTV Now streaming platform -- but with a very heavy emphasis on prioritizing wireless subscribers. With all signs pointing to Verizon successfully killing net neutrality protections , you can also be fairly sure that such a service will contain more than a few "creative" flourishes utilizing Verizon's market power to somehow put competitors at a disadvantage.







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Most recommended from 7 comments



Packeteers

Premium Member

join:2005-06-18

Forest Hills, NY ·Verizon FiOS

·Charter

Asus RT-AC3100

(Software) Asuswrt-Merlin

9 recommendations Packeteers Premium Member fossil execs must go most online success stories literally gave it away before

monetizing and monopolizing their market segments.

verizon's problem is while it may waste billions on pointless m&a activity

it can't bare to give it's consumers much more real value for their money.



until they think more like a start up tech company

with a deep pocket venture capitalist sugar daddy,

instead of old telco fossils nickle and dime'ing it,

ad & stream initiatives won't get them anywhere.

mikesterr

join:2008-04-18

Sanford, FL 1 edit 4 recommendations mikesterr Member Like Ricky Bobby says: "If you're not first, you're Last!" So they wanted to be the first with a Video platform and launched the Dud known as Go90. Now everyone has announced a video platform by 2018, and Verizon says we need 6 months. That should put them in Dead Last. I hope it is worth it, or the writing could be on the wall.



edit: Proper use of your, you're

TIGERON

join:2008-03-11

Boston, MA Motorola MG7550

1 edit 4 recommendations TIGERON Member What a pathetic waste think of all the fiber we could have instead of blowing money on these failed M&A. Go FUCK yourself Lowell McAsshole.



His predecessor Ivan Seidenberg had the right idea of FIOS everywhere before wall street wanted him out.



Now with cable dominating and with other telecoms laying fiber and embracing G.fast, I can imagine the look on the faces of these Verizon investors. Must be awful to live with the regret of their short-sighted decision.