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Verizon in talks to offer Web/mobile TV service

Mar. 04, 2014 6:38 PM ETVerizon Communications Inc. (VZ) StockVZ, SYNCBy: Eric Jhonsa, SA News Editor1 Comment
  • Verizon (NYSE: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 (NASDAQ:SYNC), whose software powers FiOS' existing TV Everywhere services.

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