Sony plans to shut down its PlayStation Vue live television service on Jan. 30, 2020, the company said on Tuesday, ending a four-year attempt to disrupt the pay TV industry.
Announced in a post to Sony's website, PlayStation Vue is the first major player to bow out of the highly competitive pay TV market.
Details about the pending shutdown were not immediately available, though it is widely known that Vue has been a loss leader for Sony since its debut in 2015. John Kodera, deputy president of Sony Interactive Entertainment, cited untenable content and network deals, as well as an intractable industry, as reasons for the service's demise.
"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," Kodera said. "We are very proud of what PlayStation Vue was able to accomplish. We had ambitious goals for how our service could change how people watch TV, showcasing PlayStation's ability to innovate in a brand-new category within the Pay TV industry."
Sony's announcement follows a report from The Information last week claiming the company was looking to sell Vue as financial losses mounted.
PlayStation Vue debuted to significant media buzz with its "skinny bundle" of live and on-demand channels. With a comparatively robust selection of channels and optional premium add-ons, the solution seemed primed for success, but high monthly fees and increased competition from the likes of Sling, YouTube TV and Hulu squeezed Sony out of the market.
Most recently, Sony updated Vue with support for Apple TV in late 2018.
8 Comments
I expect Apple will be there soon with regard to original content for TV. At $15 million an episode, and with only ~4 original shows, good luck Tim. Wish Apple would stick to making innovative software and hardware, and leave the content, whether it be music or shows, to the experts.
Too bad. I started out on PS Vue, but eventually switched to YouTube TV. I think Sony's service was strong, but their interface was clunky and they kept jacking their prices. in the end, there just wasn't enough differentiation from the alternatives.
The handful of companies that control content are determined to force you into a bundle no matter what.
Disney controls ABC/ESPN/Fox & Disney Production Studios and a collection of cable channels. Add in Hulu , ESPN+ and Disney+ services.
Comcast controls NBC/MSNBC/CNBC/NBC Sports Channel/Golf Channel/USA/Bravo/Telemundo , Universal Production studio then add in Comcast Cable/ISP service.
Viacom/CBS controls CBS/Showtime/MTV/VH1/BET/Paramount Channel/Comedy Central/CBS Sports Channel/half interest in the CW Network/Paramount Studio and CBS All Access service.
AT&T controls CNN/HBO/TBS/TNT/Turner Classic Movies/Cartoon Network/Cinemax/ Warner production studio and half interest in CW network. Then add in DirecTV and AT&T as an ISP.
Liberty Media controls almost everything else.
These companies know most of us watch a handful of channels, but want up to pay for dozens of useless channels that few people watch that mostly show rerun/recycled content.
If the Anti-Trust Division was doing its job, this would not be the case.
If Sony with Columbia studios is on the outside looking in, you can predict the handful of survivors in a consolidated market.