Sony today made the big call to announce the closure of its live TV streaming service, PlayStation Vue. The service will officially shut down on January 31, 2020, which is just shy of three months from its 5th anniversary.
It was previously reported that Sony was looking for a buyer for Vue, so the announcement suggests that the company was unsuccessful in closing a deal with prospective buyers. It’s no secret that PlayStation Vue has failed to build traction in the industry. This is particularly the case since the arrival of YouTube TV which provides live TV streaming with unlimited DVR storage on the cloud, something that’s hard to compete with in the streaming business.
Here’s the full statement from Sony:
“Today we are announcing that we will shut down the PlayStation Vue service on January 30, 2020. Unfortunately, the highly competitive Pay TV industry, with expensive content and network deals, has been slower to change than we expected. Because of this, we have decided to remain focused on our core gaming business.
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.”
Sony has other plans for the market with recent reports indicating that the company will have an Xperia branded 5G phone by 2020. The company is also expected to reveal the PlayStation 5 towards the end of 2020.
What do you make of PS Vue’s closure?
Source: PlayStation Blog