Verizon CEO Says Internet TV Service Will be Launched in Mid-2015

Verizon - United States




Lowell McAdam, CEO Verizon, says that company will launch its Internet TV service in Mid-2015. The chief executive of the telecommunication giant talked about the Internet TV service at the Goldman Sachs Communacopia conference in New York.

He further said that the service will ensure that mobile users access four big networks, ABC, CBS, NBC, and Fox and “custom channels.” Lowell McAdam also talked about the company’s plans to boost Internet upload speed. He said, “When you get more and more to user generated content, that’s a competitive advantage.”

According to Verizon CEO, the days of bundled channels are gone and there is no need to offer three hundred channels on a smartphone and that is the reason Verizon is avoiding pay-TV bundles. As everybody has a list of his favorite channels in his mind and he does not even want to know hundreds of other channels available on his wireless device.

At the Godman Sachs Communacopia conference in New York, McAdam further said that Verizon’s Internet TV service will offer very exciting programs like DreamWorks Animation’s Awesomeness TV. McAdam believes that it will be perfect to have a model of twenty customized channels. There are some question about the future of Verizon FiOS and other pay-distributors. But the new service will not affect Verizon FiOS and other pay-distributors, says Verizon CEO.

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