The other day, it was reported that Sony could be considering looking for a buyer for its PlayStation Vue streaming service. It was suggested that the service was not doing as well as Sony had hoped, and that its subscriber count was well behind that of the competition. However, it looks like instead of being sold off, Sony has since decided to shut it down.

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In an official announcement on its PlayStation Blog, Sony has announced the shutdown of its PlayStation Vue service. According to Sony, “Today we are announcing that we will shut down the PlayStation Vue service on January 30, 2020. Unfortunately, the highly competitive Pay TV industry, with expensive content and network deals, has been slower to change than we expected. Because of this, we have decided to remain focused on our core gaming business.”

Sony has also pointed customers to its PlayStation Store and also individual third-party media apps if they still wanted to access TV shows on their PlayStation consoles. Sony did not make any mention of selling off its PlayStation Vue business, so for now, it would be safe to assume that after the 30th of January, 2020, the service would be gone for good.

As it stands, there are plenty of new entrants into the streaming industry, such as Apple an Disney, so it is a pretty competitive market to be in.

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