Sony to Shut Down Playstation Vue Live TV Streaming Service
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“Unfortunately, the highly competitive Pay TV industry, with expensive content and network deals, has been slower to change than we expected,” Sony says
Sony will be shutting down Playstation Vue, its live TV streaming service, the company said in a blog post on Tuesday.
In the post, Sony said it had “ambitious goals” for how it could change the TV viewing experience when Vue first launched, but it was unable to keep up with rising content costs.
“Unfortunately, the highly competitive Pay TV industry, with expensive content and network deals, has been slower to change than we expected,” the company said. “Because of this, we have decided to remain focused on our core gaming business.”
Sony recently looked to raise subscriber fees to offset its costs, bumping its basic package up from $45 to $50 per month in July.