Last week we heard that Sony was looking to sell its streaming TV service, PlayStation Vue. Now, shortly after that news, the company has announced that it will be permanently shutting down the service in January 2020 as the “highly competitive Pay TV industry, with expensive content and network deals, has been slower to change than we expected.”
Sony said a highly competitive market and the desire to focus on its “core gaming business” led to the decision to shut down PlayStation Vue just after the new year.
Notably, a report from The Information last week said that Sony was looking for a buyer but it appears that it nothing materialized, leaving the company with the next best option of closing up shop for PlayStation Vue.
Sony was a solid partner as far as offering Vue updates for Apple TV and iOS and rolled out great features like multi-view and Single Sign-on.
Sony notes that movie and TV content will still be available for customers through the PlayStation Store on PS4 and other compatible devices. It ended the announcement with a thank you for customers.
We appreciate your continued support as we move through this transitional period and look toward the future.
