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Verizon in talks to offer Web/mobile TV service

  • Verizon (VZ) CEO Lowell McAdam says he has personally talked with CEOs of major content providers about offering FiOS video content nationwide, and over both broadband and mobile networks.
  • The comments come six weeks after Verizon struck a deal to buy the assets of Intel's stillborn Web TV unit, and shortly after Dish reached a deal with Disney that gives it the right to offer Disney channels as part of a separate streaming service.
  • There were reports at the time of the Intel deal that Verizon wanted to use the assets to offer online TV services in areas not covered by FiOS.
  • Intel's efforts were thwarted by stalled licensing talks and the opposition of incumbent pay-TV providers such as Time Warner Cable. Verizon, already a major client of media giants (via FiOS), might have more leverage.
  • If Verizon's effort gets off the ground, it could benefit Synacor (SYNC), whose software powers FiOS' existing TV Everywhere services.
Comments (1)
  • Philip Marlowe
    , contributor
    Comments (944) | Send Message
    CCUR is a really nice stealth stock in the TV on demand software sector. It is profitable, growing at a good clip and has an excellent dividend.
    4 Mar, 06:44 PM Reply Like
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