Verizon’s long-rumored live TV streaming service appears to be having some issues.
Bloomberg reported this past March that the telecom giant was planning to launch an online TV service that would ostensibly compete with the likes of Dish’s Sling TV and AT&T’s DirecTV Now over the summer. A couple months later, Verizon CEO Lowell McAdam seemed to confirm that the company had its eyes on an over-the-top service, one that may use its new Oath brand.
But no new service ever came to pass, and now Bloomberg reports that Verizon is targeting next spring to try its luck in the growing online TV market. The report cites technical issues, staff turnover, and complications in programming rights negotiations as reasons for the delay, and the story notes that this is “at least” the second time the Web-based service has been delayed internally.