American Internet TV service PlayStation Vue will soon be shut down. The decision to take down the service was taken by Sony due to rise in the content costs and just a few customers. The service will be taken down on January 30, 2019 and has been existing in the segment since four years. The company informed about its decision in a blog post and explained that it is the highly competitive pay TV segment, which has expensive content and the network deals that have forced the company to take down the service.
Sony added that it is surely shutting down the internet service but would not concentrate on its core gaming business. The users of the live TV service could access the content from various devices including Amazon Fire TV, Roku, Apple TV and off course Sony’s own PlayStation consoles. Sony used to offer the cheapest pack with some channels with a DVR at $49.99 per month. The Vue was launched by the company in 2015 along with other bundles that offered live TV service as the customers were looking for cheaper alternatives to the currently available cable or satellite.
The service by Sony could not click with the viewers and was not able to grab the attention of the subscribers. A research firm said that the Vue had 800,000 subscribers but the most popular live TV service is Sling which has 2.4 million subscribers. The smaller bundles that were offered kept becoming expensive for the companies to maintain as the prices continued to soar and the end prices that were offered to the customers were not enough for the companies to bear.
Meanwhile, other companies which are already vying in the market have announced a soar in the prices. But there are still people who still rely on the old satellite service or cable and do not opt for the new streaming services that are being offered.
Photo Credits: Cord cutters news
