Home » Competition »Consumer News »Online Video »Sony PlayStation Vue » Currently Reading:

Sony Shutting Down PlayStation Vue Streaming TV Service

Phillip Dampier October 29, 2019 Competition, Consumer News, Online Video, Sony PlayStation Vue No Comments

Sony is throwing in the towel on its streaming TV service, PlayStation Vue, with the announcement the service will close down early next year.

“Today we are announcing that we will shut down the PlayStation Vue service on January 30, 2020. 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,” the company said on its blog.

PlayStation Vue debuted over four years ago, but was immediately met with two difficulties that proved insurmountable:

  1. Many wrongly believed the service was only available to those owning a PlayStation gaming console. While there are over 100 million PlayStation 4 units in use today, a significant number of cord-cutters do not own any gaming console and thought that put PlayStation Vue out of reach.
  2. Sony has no ties to other TV providers, making it impossible to get the kinds of volume discounts available to large satellite, telco TV, and cable operators. As the costs of video programming continue to increase, PlayStation Vue losses widened for Sony and left customers looking for savings off a traditional cable TV bill frustrated by increasing rates for streaming providers. PlayStation Vue hiked rates $5 a month last July, reaching $50 a month, and it was clear more rate hikes would be needed in the future.

PlayStation Vue was always a money loser for Sony and reportedly has around 500,000 subscribers — a relatively small number in comparison to services like Sling and AT&T TV Now. Within the last week, reports leaked out that Sony was looking for a buyer for PlayStation Vue, but apparently could not find one that met the company’s terms. Sony is under pressure by Wall Street activist investor Daniel Loeb, who wants the company to restructure and eliminate money-losing services like PlayStation Vue to boost Sony’s stock price.

PlayStation Vue primarily offered live feeds of linear TV channels. Linear TV viewing is on the decline as viewers increasingly move towards on-demand viewing and services like Netflix and Hulu that deliver plenty of that content at a much lower cost.

Leave a Reply

avatar

This site uses Akismet to reduce spam. Learn how your comment data is processed.

  Subscribe  
Notify of

Search This Site:

Contributions:

Recent Comments:

  • Jane: I agree. My billing cycle is from October 25 thru November 24 and I canceled on the 12 of October they say I owe for the full month how’s that possibl...
  • Sarah: Just got my $3 increase to $27.99 this month, Nov. 2019. $24.99 started Nov. 2018. Kentucky....
  • aida gonzalez: they did a pole in front my house they did hole and place it but not cement was place on the side walk now what who do I call they need to come back a...
  • Joe Ward: Crooked and Deceptive to the Max! - Spectrum promotes False Advertising by saying "No Contract", - then when existing customer applies for new promo...
  • Alpha: That’s because there are no competitions for the cable internet company. Spectrum has consolidated with the charter and raising the prices annually....
  • Reva Mays: I encourage everyone to file complaints about Spectrum's practice with the Federal Bureau of Consumer Protection at https://www.ftc.gov/about-ftc/bure...
  • Joe: The FTC Commissioner's name is Rohit, not Deepak. Deepak Chopra is the scammy nutritional supplement guy! I did a double-take when I read the name and...
  • Jason: After 15 years with Verizon and to Frontier for the merger, i left, because the incompetence is running ramped in the company. Employees are chastised...
  • Greg: I'm in Penfield myself and am excited about this as a big FU to Specturm. Can you plug this service into your existing Wi-Fi setup? I have mesh Wi-Fi ...
  • Nathaniel Marton: Yea we can have a socialist utopia like they have in LA and San Francisco right now. Needles and human dung all over the streets and drugs everywhere!...
  • Dawn: I bet as soon as you canceled you could not log into your spectrum acct, even though you were still paying? This happened to me. Paying, but acct offi...
  • Dawn: It seems their billing start date is day before you cancel....

Your Account: