The company has been lining up deals with TV network groups in an effort to start up a service this summer, according to a Bloomberg Technology report.
This would be different from Verizon’s video-on-demand service, go90, that targets young TV-viewer videos -- as well as a separate operation to its fiber based pay TV service, FiOS.
A Verizon service -- as with others -- would aim to be much less expensive than traditional pay TV services that run $80 to $100+ a month. It would follow in the footsteps of AT&T, which launched DirecTV Now, earlier this year. That service -- a “skinny” TV bundle of networks -- starts at $35 for 60 channels.
It would also compete with Dish Network’s Sling TV, one of the first services of this type, which started up two years ago in January 2015. It’s basic package costs $20 a month. Analysts estimates are that Sling TV has around 1 million subscribers.
A number of other services of this type are planned -- one coming from Hulu and Google’s YouTube, called YouTube TV. Analysts say all current over-the-top (OTT) services of this kind total around 2 million U.S. subscribers so far.