Active Stocks
Tue Mar 19 2024 15:29:59
  1. Tata Consultancy Services share price
  2. 3,971.50 -4.18%
  1. Tata Steel share price
  2. 148.60 -0.67%
  1. Bharti Airtel share price
  2. 1,225.00 0.00%
  1. Power Grid Corporation Of India share price
  2. 259.15 -2.21%
  1. ITC share price
  2. 409.50 -1.89%
Business News/ Technology / News/  Sony PlayStation Vue will stop working on January 30, 2020
BackBack

Sony PlayStation Vue will stop working on January 30, 2020

Vue was launched as an ambitious original project as one of the first broadcast-over-IP cable-replacement services in 2015
  • Last year, PlayStation Vue has lost nearly 2.5 lakh subscribers
  • Recently as this summer, PlayStation Vue's most basic plan increased by $5 per month. Photo: Twitter (Sony PlayStation Vue )Premium
    Recently as this summer, PlayStation Vue's most basic plan increased by $5 per month. Photo: Twitter (Sony PlayStation Vue )

    San Francisco: Sony is going to cease its live TV streaming service PlayStation Vue on January 30 next year, as it struggles to turn a profit.

    "Unfortunately, the highly competitive Pay TV industry, with expensive content and network deals, has been slower to change than we expected. Because of this, we have decided to remain focused on our core gaming business," Sony said in a blog post announcing the shutdown.

    "PlayStation fans can continue to access movie and TV content through the PlayStation Store on PS4 and via our partnerships with top entertainment apps," the company added.

    Recently as this summer, PlayStation Vue's most basic plan increased by $5 per month, but the streaming service still continued to lose money.

    Recently, it was reported that the company was looking at selling its live TV streaming service.

    The company earlier recruited Bank of America Merrill Lynch to explore the possibility of selling off its PlayStation Vue streaming service.

    Vue was launched as an ambitious original project as one of the first broadcast-over-IP cable-replacement services in 2015.

    Last year, PlayStation Vue has lost nearly 2.5 lakh subscribers, putting it significantly behind its compositors like Hulu or Sling TV.


    Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

    Catch all the Technology News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
    More Less
    Published: 01 Nov 2019, 10:41 AM IST
    Next Story footLogo
    Recommended For You
    Switch to the Mint app for fast and personalized news - Get App