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.

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Comments (1)
  • Philip Marlowe
    , contributor
    Comments (1625) | 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 2014, 06:44 PM Reply Like
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