Verizon To Launch Streaming-Video Service Outside FiOS Markets: Report12/06/2011 5:48 PM Eastern
Verizon Communications is planning to go over-the-top with a streaming service that includes a bundle of TV shows and movies -- à la Netflix -- offered outside its FiOS footprint, Reuters reported.
The telco is engaged in discussions with programmers about the service, which could be launched in 2012, according to Reuters, citing unnamed sources. The subscription service would be limited in scope, focusing on packages of movies similar to the Starz Play and Epix services or children's programming from partners such as Walt Disney Co. or Viacom, the news service reported.
Verizon does not comment "on rumors and speculation," a spokeswoman said.
In May 2011, Verizon senior programming executive Tricia Lynch said that the company planned to offer its Flex View video-on-demand service for watching movies and TV shows on TVs, smartphones, tablets and computers to non-FiOS customers. Lynch, speaking at the Multichannel News/B&C On Demand Summit 3.0, said the service is "available right now to FiOS customers, but will soon be available to non-FiOS customers."
Separately, last week SpectrumCo -- a joint venture of Comcast, Time Warner Cable and Bright House Networks -- announced a deal to sell its 122 Advanced Wireless Services spectrum licenses to Verizon Wireless for $3.6 billion. Under the terms of the deal, the companies entered into several agreements that will let the MSOs and Verizon Wireless become agents to sell one another's products and, within about four years, the cable companies will have the option of selling Verizon Wireless' service on a wholesale basis.