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October 29, 2019 08:10 pm
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/SNsUAe6iCzA/sony-is-closing-vue-its-pay-tv-streaming-service-you-never-used
Sony is Closing Vue, Its Pay TV Streaming Service You Never Used
Apple, Disney, and WarnerMedia are all launching new video streaming services that you're going to hear a lot about over the next few days. But here's news about one streaming service that's shutting down: Sony's Playstation Vue, which offered a digital version of the cable TV bundle, will close up shop in January. From a report: "The highly competitive Pay TV industry, with expensive content and network deals, has been slower to change than we expected," Sony said in an announcement on Tuesday. Translation: Sony was losing money on the service -- which sold for around $50 a month and was supposed to appeal to people who owned its Playstation gaming consoles -- and didn't have many subscribers. Sony had previously tried to find a buyer for the service, according to a report from The Information. Sony was one of the first so-called "virtual mvpds": bundles of network programming delivered over the internet that replicate what traditional pay TV distributors like Comcast sell. That group now includes YouTube, Hulu, and Dish's Sling.Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/SNsUAe6iCzA/sony-is-closing-vue-its-pay-tv-streaming-service-you-never-used
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