Sony Will Launch U.S. Video Streaming Service in 2015: WSJ Reports

cord cuttSony Corp. plans to rollout its own U.S. video streaming service called PlayStation Vue by the end of the year, the Wall St. Journal reported on Wednesday.

During the next two weeks, more than a thousand residents of Chicago, New York, and Philadelphia will be invited to try out the PlayStation Vue before the rest of the country.

“PlayStation Vue reinvents the traditional viewing experience so your programming effortlessly finds you, enabling you to watch much more of what you want and search a lot less,” said Andrew House, President of Sony Computer Entertainment.

PlayStation Vue is used with a PlayStation 3 or PlayStation 4 game console.

Sony is joining a growing list of companies that offer streaming services instead of distributing video content through traditional cable and satellite subscriptions.

On Monday HBO CEO Richard Plepler announced that next month a new standalone streaming service called HBO NOW will be available on Apple TV with a monthly subscription price of $14.99.

Consumers will soon have more choices when choosing an a la carte format of distributing T.V. and movie programs.

Several companies are already offering streaming services including Netflix- $8.99 per month, Amazon Prime- $99 per year or $8.25 per month, Hulu Plus-$7.99 per month, and Dish’s standalone streaming service, Sling Television- $20.00.

According to Sony’s announcement about PlayStation Vue which occurred last November, during the invite-only beta, PlayStation Vue will initially offer around 75 channels per market from the following major programmers including local broadcast stations, so that viewers can enjoy their favorite movies, TV shows, and sports programs.
The following is a list of Sony’s current network partners, with more partners to be announced in the future:

  • CBS – At launch, PlayStation Vue will offer the live linear signal from CBS Television Network’s owned-and-operated TV stations in select leading markets in addition to on-demand prime-time programming.
  • Discovery Communications – Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science, OWN: Oprah Winfrey Network, Discovery Family Channel and 11 more brands
  • Fox – Fox Networks Group’s portfolio of national entertainment programming services, including – FX, FXX, FXM, National Geographic Channel and Nat Geo WILD. Additionally FOX Sports’ national and regional programming services – FOX Sports 1, FOX Sports 2, BTN, Fox’s regional sports networks, including YES Network and Prime Ticket. The agreement also covers Fox’s owned and operated television stations.
  • NBCUniversal – All local offerings from NBC, Telemundo and regional sports networks as well as Bravo, CNBC, E!, NBCSN, Oxygen, Sprout, Syfy, USA Network and more.
  • Scripps Networks Interactive – HGTV, Food Network, Travel Channel, DIY Network and Cooking Channel
  • Viacom – BET, CMT, Comedy Central, MTV, Nickelodeon, PALLADIA, Spike, VH1 and more.

-John Schweitzer

Me

About Johnathan Schweitzer 1472 Articles
Welcome to Schweitz Finance. I hope that my financial website will provide you with relevant market information to help you manage your investments with greater clarity and insight.
Contact: Website