Verizon is getting ready to launch an online bundle of TV channels that aims to compete with similar offerings from AT&T, Dish Network and Sony, according to Bloomberg News.
The unnamed streaming service could come with “dozens” of channels, according to the report, and may be released as an app as soon as this summer.
With Americans spending more time watching video on mobile devices, companies across the media and telecom ecosystem have been racing to offer smaller bundles of cable content over the internet. They are also seeking to balance out losses in their traditional cable TV subscriptions and to target the tens of millions of Americans who do not subscribe to pay-TV.
Verizon could be the latest major provider to offer live TV over the internet, though Comcast has also reportedly made moves toward a streaming television product by securing streaming rights to channels it has a relationship with.
