Black Friday is Now! Don’t miss out on up to 60% OFF InvestingProCLAIM SALE

Sony to pull plug on Playstation Vue

Published 29/10/2019, 19:08
Sony to pull plug on Playstation Vue
6758
-

(Reuters) - Sony Corp (T:6758) said on Tuesday it would shut down its cloud-based TV service PlayStation Vue in January, citing competition.

Pay-TV groups have been squeezed globally as viewers switch to online video platforms that often offer cheaper packages and churn out original productions.

"Unfortunately, the highly competitive pay TV industry, with expensive content and network deals, has been slower to change than we expected," said John Kodera, deputy president of Sony Interactive Entertainment.

The entertainment segment would remain focused on its core gaming business, Kodera added. (https://play.st/31Y7APH)

The content on Sony's PlayStation Vue, launched in 2015, can be accessed through the PlayStation Store on PS4 and Sony's partnerships with other entertainment apps, the company said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.