Verizon’s (NYSE:VZ) TV Revolution!

Tim Cook reported this week to Charlie Rose that television is caught somewhere in the 70’s. With failure after failure, there has been a constant halt in any major turn of events. It has been a long time thinking that a revolution will be coming this way with years of effort by numerous companies. This is probably because failures proved to be greater than revolutionists. Aereo tried but was shut down completely by the U.S. Supreme Court. Another failure was Intel (NASDAQ:INTC) as it launched its OnCue internet TV service that landed in the dumps before it even set foot in the market. Rumor has it though that Apple (NASDAQ:AAPL) is working on some sort of a TV concept but nothing has been confirmed yet by any sort of media coverage.

With all the failures that Silicon Valley has had, it’s hard to think that a cable/ISP could do any better. There is a company on the other hand that may have specific measures lined up for change in this sector hence redesigning its business model in the process. This company is none other than Verizon (NYSE:VZ).

Verizon (NYSE:VZ) is said to bring forth its new product sometime next year. This was made clear as the company spoke at an investor conference the previous week thus rolling out its plans for a web based television service for all its mobile devices. This may be similar to Netflix (NASDAQ:NFLX) as well as Hulu on a lot of levels but the differentiation factor will be live broadcasts. This is what the company hopes will bring it to a larger market and eliminate competition that will try stealing its customers.

It has been said that Verizon (NYSE:VZ) will stream its video content from networks including CBS (NYSE:CBS), FOX (NASDAQ:FOX), ABC and NBC along with custom channels. Content providers are looking forward to this streaming process as they see it will make a difference in the market. Lowell McAdams, CEO of Verizon (NYSE:VZ) commented on the revelation that two such companies working on video services for the web will include Sony (NYSE:SNE) and Dish (NASDAQ:DISH).

Wireless streaming does have its cons with such data but The Wall Street Journal reported Verizon’s (NYSE:VZ) method to deal with this issue. The company will use a ‘multicasting’ technology to counter any problem with its wireless frequencies. Verizon (NYSE:VZ) also purchased Intel’s (NASDAQ:INTC) OnCue service earlier this year which will be used for its broadcast as well.

With all the channels being adapted for this service, it will probably be a sight for sore eyes. No information has been revealed regarding its availability via wired broadband or Verizon (NYSE:VZ) opting for it to go viral like Roku and Apple TV. This will be a plus for sports fans as well as all those movie lovers out there. The only effort needed is that to persuade HBO to become a part of this first ever TV wonder thus joining the list of revolutionists taking over the market.