Sony To Shut Down PlayStation Vue TV Service, Refocus On Core Gaming Business

  • 📰 DEADLINE
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

Sony said Tuesday it plans to shut down its PlayStation Vue skinny-bundle TV service in order to refocus on its core videogame business. The end of the line will come next January 30. Viewers of fi…

The end of the line will come next January 30. Viewers of films and TV programming can continue to access them via the PlayStation Store and through partner apps. Sony is getting set to“Unfortunately, the highly competitive Pay TV industry, with expensive content and network deals, has been slower to change than we expected,” the company wrote in a blog post. “Because of this, we have decided to remain focused on our core gaming business.

Vue had been up and running since 2015 and was one of the first internet-delivered bundles to offer more interactive features for an appealing price point. Nevertheless, it did not achieve a scale comparable to newer offerings like YouTube TV and Hulu with Live TV. The entire skinny-bundle arena, though, has also been under pressure as initially attractive price points have been raised by the likes of AT&T and Dish Network.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Everyone should be thinking about this point: 'Unfortunately, the highly competitive Pay TV industry, w/ expensive content and network deals, has been slower to change than we expected.' Everyone WANTS to have an OTT content platform - that does not mean everyone SHOULD have one.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 109. in BUSİNESS

Business Business Latest News, Business Business Headlines