Sony is shutting down its live-TV streaming service PlayStation Vue, and confirmed the shut down date today: January 30, 2020. Blame for the service's poor performance rests on the "highly competitive pay-TV industry" alongside expensive content and network deals. Sony instead said it would be focusing on its core gaming business.
PlayStation Vue launched back in 2015 in the US and was available as an app through a number of different devices such as the Amazon Fire TV and Apple TV as well as PlayStation consoles themselves. The cheapest package was sold at $49.99 per month and featured a number of big named channels such as ABC, FOX and NBC. Vue could also be used to record live TV with its DVR function.
However, Sony's service never caught on with only an estimated 800,000 subscribers in 2018, compared to Sling TV (another Live TV service) with its 2.4 million, according to eMarketer.
Sony said over in a PlayStation Blog post: "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.
"PlayStation fans can continue to access movie and TV content through the PlayStation Store on PS4 and via our partnerships with top entertainment apps. With 100 million PlayStation 4s in the market today, our community continues to grow and thrive."
It was reported earlier in the week that Sony was looking to sell off the live-TV service as it was allegedly losing money, according to the website, The Information. So it is possible that Vue could be picked up by another provider. Whatever happens, Sony wants out of the live-TV streaming industry and to focus on what it does best. If you happen to be using Vue, make sure to make the most of it before the January 30th shut down date.
Source: PlayStation Blog
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