Verizon reportedly planning to launch its own Internet video service this summer

Verizon reportedly planning to launch its own Internet video service this summer

According to a Re/code report, telecom major Verizon Communications has efforts underway to launch its own Internet video service in summer this year. The name of the streaming service being planned by Verizon has not yet been disclosed.

Verizon’s reported move to launch a streaming service underscores an evident attempt by the company to inch back towards the video streaming arena. Five months back, Verizon had dumped its Redbox Instant service; the company’s earlier effort to challenge Netflix and other established streaming services.

The Internet video service which Verizon plans to launch will incorporate host of content which the company has recently acquired from DreamWorks’ AwesomenessTV division in a multi-year deal. Details on programming have not yet been shared by Verizon.

As per the Re/code report, the Verizon Internet video service will be available on mobile devices; and will chiefly target teenagers and families. The service will be available only in the US.

About Verizon’s plans pertaining to the Internet video service, the Re/code report said that the company has stated that “Awesomeness will provide more than 200 hours of new shows for the service.” Verizon has also said that the service will be “broken up into two channels: An AwesomenessTV channel aimed at teens and millennials, and a DreamWorksTV channel for families.”

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