Verizon Plans To Defend Myself Against Netflix With Web Service: Reuters

Verizon Communications intends to launch a film-and-TV streaming service that will contend with Netflix, cable television systems and potentially Amazon . com, Reuters reported Tuesday. Inside a strategy that will result in the service open to 85 million US homes, Verizon is speaking with prospective programming partners about presenting the service outdoors marketplaces in which the phone company offers its broadband and television package referred to as FiOs — which presently has 5 million customers. Verizon’s cool product might be folded out the coming year, based on among the sources Reuters reported. The programming package could be limited in scope having a concentrate on movies much like Liberty Media’s Starz Play and Viacom’s Epix. It might likewise incorporate children’s programming from Disney or Viacom. The second’s Boss Phillipe Dauman stated in a UBS conference now Viacom wold be prepared to barter along with other broadband services. Epix’s exclusive online-streaming contract with Netflix for movies from Vital Lionsgate and MGM expired next September. News concerning the new streaming service follows within the wake of sister company Verizon Wireless Carrier’ http://world wide web.deadline.com/2011/12/verizon-concurs-to-pay-3-6b-for-cable-controlled-wireless-spectrum/" >plans to re-sell cable television service for Comcast Corp, Time Warner Cable Corporation and Vibrant House Systems in return for having to pay $3.6 billion towards the cable companies for spectrum.