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Verizon should sacrifice video biz to third party, focus on 5G

Verizon was heralding its new 5G video production studio as a game changer just last week – a project made to look an embarrassing gimmick when just days later the operator revealed a gaping hole in its existing video operations to the tune of 53,000 fewer Fios TV subscribers. How then does Verizon realistically expect to front a prolific new TV business on the back of 5G when not only have its previous attempts at OTT crashed and burned, but the operator’s main video business has just experienced its weightiest subscriber losses to date? Before drilling down to the nitty gritty, we should address the basics of Verizon’s 5G video plans which essentially hinge on bringing onboard third party OTT…

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