Wednesday, May 24, 2017

Verizon to offer new Video Streaming service

This is pretty interesting. This would probably be an ad-driven model for profit. That is one of the reasons that the Yahoo acquisition is important to it.


Verizon CEO Lowell McAdam confirmed the company’s plans to launch an over-the-top streaming service later this year, according to a report from Variety, citing remarks the CEO made at a telecom conference in Boston this week. Verizon (which owns TechCrunch parent company AOL), will use the combined platform of AOL and Yahoo – and their 1.3 billion users – to test the new platform, McAdam said.
The company expects to close on its acquisition of Yahoo mid-June, so the over-the-top service could arrive any time after that.

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