PlayStation RIP in Vue: Sony will close the streaming service in 2020

Days after reports claimed the PlayStation's Vue was up for sale, Sony announced that it was giving its TV streaming service an ax.

The company has said it will close PlayStation in Vue on January 30, 2020. Sony was looking for a buyer for the service, which was reportedly in debt since it launched in 2015 despite repeated price hikes. Its failure comes down to expensive license fees and probably because it only had around 500 subscribers.

In comparison, Hulu had a total customer base with us in excess of 28 million in May 2019, and Netflix had 60 million paying residential subscribers in July last year, while Jacket Sling TV had 2.472 million subscribers as of July 2019 .

“Unfortunately, the very low pay TV industry, with expensive content and network offerings, is slower to change than we expected. Because of this, we have decided to focus on our core gaming business,” Sony explained. “PlayStation fans could access movie and TV content through the PlayStation Store on PS4 and through our partnerships with top entertainment apps.”

  • What is Sony Reality Audio 360 and how does it work?

PlayStation Vue offers a variety of so-called narrow cable cutter bundles starting at around $50 a month. Services such as a sling dish and YouTube TV worked exactly the same. Not only do Sony have them to contend with, but also keep in mind Disney+ and Apple TV+ are both launching next month, while HBO's Max and NBC Universal's Peacock coming next year too.

Kos also recently merged with Viacom to help mat CBS Full Access.

Do not miss:  Google stadiums connect: how to still watch plus all games announced

Each of these companies spend billions to have their own original, exclusive content. Sony, on the other hand, has been slow to do the same, so now it's perfectly aware that a generic output is the best option.

Please rate the article
Translate »