Verizon’s on-again, off-again love affair with Yahoo has apparently been reignited, with Lowell McAdam, the telco’s CEO, on Friday telling CNBC’s Mad Money that Verizon is, in fact, considering a bid for the beleaguered Internet portal.
"We have to understand the trends,” McAdam said. “At the right price, I think marrying up some of their assets with AOL and the leadership would be good.”
Verizon is a service provider in transition. Over the past year it’s markedly placed less emphasis on growing its FiOS pay-TV platform, focusing instead on its FiOS Broadband and, even more so, on its mobile video business.
Verizon beat analysts’ revenue and earning expectations, delivering $34.25 billion in revenue, a beat of $190 million, and 89 cents EPS, which topped Wall Street estimates by 1 cent.
Verizon grew its FiOS services as well, albeit in smaller increments that in the past, adding just 20,000 FiOS TV customers and 99,000 FiOS Broadband subscribers.
Just more than a week after AT&T announced its new no-cap data plan, Verizon today announced it would take a different path to fulfill big data demand, saying it would begin trials of FreeBee, a sponsored data plan that lets content providers pay for data used by a consumer to watch its assets.
AT&T is offering unlimited data plans to its new and existing wireless customers with the caveat that they also must subscriber to its pay-TV service.
After nine years of pay-TV subscriber losses, Time Warner Cable today said it had added 32,000 pay-TV subs, a preview of what CEO Rob Marcus called a “stellar” 2015.
The operator also added one million broadband subscribers and more than one million voice customers over the past 12 months.
The news came in advance of the company’s scheduled Jan. 28 Q4 earnings release.
Suddenly, the little engine that could just can’t as subscriber growth for IPTV providers – the lone bright star in the pay-TV constellation – has followed cable and satellite subscriber numbers off the track.
This time, it’s not about the economy, not about intra-provider churn, and it can’t be attributed to the “myth” of cord cutting. It’s about consumer choice and an increasing adoption of SVOD and OTT services.
Despite a lack of advertising and promotion and in spite of a low-key rollout, Verizon’s Millennial-focused mobile video service, Go90, is off to a good start, the company said during its Q3 earnings call.
“We’re 20 days into this,” Verizon CFO Fran Shammo said. “We are really pleased with the initial stages.”
In this week's Videomind Podcast, Hack and Flack dig into the launch of Verizon's millennial-focused go90 streaming video service, the latest Chromecast device, Hulu's new ad-free subscription offer, and the ongoing battles for eyeballs among the top streaming TV services. Tune in to hear about who's wagering on new original content and what the ongoing experimentation with monetization models means for consumers.
Verizon has officially launched it’s new mobile video service, Go90, that it hopes will help it take a piece of the mobile ad industry that – so far – has been the purview of Google and, more recently, Facebook.
Verizon is stocking the service, which has a strong Millennial bent, with short-form content from HGTV, the Food Network, ESPN, Vice Media, the NFL, Dreamworks Animation, content from its recent AOL acquisition and short clips from other content providers.
It’s just in beta, but Comcast has big hopes for its out-of-footprint OTT play, Watchable, which is deploying this week.
The short-form video service is free to users with iOS devices, and also is available at watchable.com and on the Comcast X1 video platform.
It’s an ad-supported play that Comcast hopes will help the operator connect with – or, in some cases, reconnect with – cord nevers and cord cutters.
Comcast, playing off its own TV Everywhere experience with subsidiary thePlatform’s mpx video management system, is pushing its content distribution system, Comcast Wholesale, into a broader play for OTT and TV Everywhere customers.