Sony said on Tuesday it would shut down its cloud-based TV service PlayStation Vue in January, citing competition.
Pay-TV groups have been squeezed globally as viewers switch to online video platforms that often offer cheaper packages and churn out original productions.
Sony’s PlayStation 5 launch set for late 2020
“Unfortunately, the highly competitive pay-TV industry, with expensive content and network deals, has been slower to change than we expected,” said John Kodera, deputy president of Sony Interactive Entertainment.
The entertainment segment would remain focused on its core gaming business, Kodera added.
The content on Sony’s PlayStation Vue, launched in 2015, can be accessed through the PlayStation Store on PS4 and Sony’s partnerships with other entertainment apps, the company said.
Comments are moderated and generally will be posted if they are on-topic and not abusive.
For more information, please see our Comments FAQ