Sony To Pull Plug On TV Service PlayStation Vue

Posted: Oct 30 2019, 6:39am CDT | by , in Technology News

 

This story may contain affiliate links.

Sony to pull plug on TV service PlayStation Vue

Sony Interactive Entertainment said it will instead focus on its core gaming business.

Sony has just announced that it will be shutting down PlayStation Vue, its television service that's accessible via the internet, on January 30, 2020.

The decision comes over four years after the Japanese entertainment company launched the service to offer the TV service that combines live TV and on-demand video. PlayStation Vue allows owners of PlayStation consoles or other supported devices like smart TVs to stream TV shows, movies and sports events.

Sony said the reason behind its decision to shut down the service is the "highly competitive" pay TV industry. Currently, in the U.S., the live TV market is dominated by YouTube TV, Hulu With Live TV, Sling TV and AT&T Watch TV.

However, PlayStation Vue doesn't fall far behind as the service is still the go-to live TV service for PlayStation owners.

Sony said contents and network deals have now become more expensive because of the tough competition among providers.

The company said it will instead focus its resources on its core gaming business, which continues to suffer declining sales.

Shortly after announcing the end of PlayStation Vue, Sony released its earnings results for the fiscal second quarter ended September 30. Sales in the gaming division fell to 438.05 billion Japanese yen from 535.75 billion yen in the same three-month period a year ago.

Meanwhile, despite the impending shutdown of PlayStation Vue, Sony said PlayStation fans will still be able to access movie and TV content through the PlayStation Store on PS4 and through other entertainment apps.

"We will continue to deliver the best entertainment experiences across the network, along with other key gaming services, including PlayStation Now and PlayStation Plus," Sony Interactive Entertainment's Deputy President John Kodera said in a statement.

"We are very proud of what PlayStation Vue was able to accomplish. We had ambitious goals for how our service could change how people watch TV, showcasing PlayStation’s ability to innovate in a brand-new category within the Pay TV industry. We want to thank all of our customers, some of whom have been with us since PlayStation Vue’s launch in 2015," Kodera added.

Sony is expected to release its upcoming console, the PlayStation 5, or PS5, in the holidays of 2020.

This story may contain affiliate links.

Loading...

Find rare products online! Get the free Tracker App now.


Download the free Tracker app now to get in-stock alerts on Pomsies, Oculus Go, SNES Classic and more.

Latest News

Comments

The Author

<a href="/latest_stories/all/all/81" rel="author">Mandy Jean</a>
Mandy covers the latest news in Tech and Business.

 

 

Advertisement

comments powered by Disqus