Verizon has confirmed that it’s going to launch a new over-the-top content streaming service after it completes the acquisition of Yahoo’s internet business. The deal has been through rough waters and at one point it seemed that perhaps Verizon may not go through with it. The acquisition is likely to be closed next month and once that happens, Verizon will launch its OTT service.
Verizon chairman and CEO Lowell McAdam. has confirmed that the company is going to use a combination of Yahoo and AOL, touting a combined user base of 1.3 billion people, “to test out an over-the-top service.”
He didn’t reveal any further details about this content streaming service but it will presumably be launched alongside Verizon’s existing Go90 ad-supported mobile video service.
Reports suggest that Verizon has been thinking about launching a skinny TV bundle offering of its own which would be similar to other online TV streaming services like AT&T’s DirecTV Now and Dish’s Sling TV.
We can expect more information about this service to come up in the weeks after the acquisition of Yahoo’s internet business is officially completed by Verizon. It will be interesting to see just how Verizon is planning to shake up the online content streaming industry.