Verizon is attempting Streaming Video—once more

Verizon is inching again towards the video streaming market. five months after abandoning Redbox speedy, its earlier attempt at competing towards streaming giants like Netflix, the telco is gearing up to supply an as-yet-unnamed streaming provider. And whereas the details are scarce, it looks as if the blanks will likely be crammed in quickly.

Verizon is reportedly launching its own internet video provider this summer season, full with a newly obtained host of content material from the AwesomenessTV unit of DreamWorks. The service, to be able to reportedly be available on mobile units, will goal teenagers and families.

Explains Re/code:

Verizon mentioned Awesomeness will provide greater than 200 hours of latest displays for the service, damaged up into two channels: An AwesomenessTV channel aimed at teenagers and millennials, and a DreamWorksTV channel for households, so that you can include “live motion and animated brief-type content as well as some of DreamWorks Animation’s most recognizable characters.”

it’s now not clear how complete the carrier will probably be, or whether or not it’s going to stand by myself as a subscription service like or be something that ties pay television subscribers to an internet supplement to be had handiest to them.

prior this 12 months, Dish network launched Sling television, its own solution to the cries of cable twine cutters. For $20 per month, subscribers can flow a growing assortment of tv shows from over a dozen major channels, with or with no cable subscription. Verizon’s Redbox rapid went live in March 2013, most effective to be shut down late final yr as a result of an absence of interest and safety concerns that only compounded its growth troubles.

AwesomenessTV provided a rare vivid spot in a yr of field administrative center gloom for DreamWorks, which, according to the new york occasions, bought a 25% stake in the web video firm to Hearst for $81.25 million—more than double what the studio bought it for again in 2013. Who knows what precisely this new video provider will do for either Verizon or DreamWorks, however that you may guess each corporations are crossing their fingers for one thing excellent.