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.


TechCrunch

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.