Verizon and Google Partner for YouTube TV Access

Faced with no proprietary over-the-top video offerings, Verizon April 23 announced a partnership with Google to bring YouTube TV to Verizon subscribers across all platforms, including Fios TV and pending 5G.

YouTube TV is a standalone online TV service that just raised its monthly subscription price to $49.99 from $39.99.

“As we pave the path forward on 5G, we’ll continue to bring our customers options and access to premium content by teaming up with the best providers in the industry and leveraging our network as-a service strategy,” Erin McPherson, head of content strategy and acquisition at Verizon.

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The partnership affords both wireless mobility and Fios broadband subs to stream YouTube TV. Verizon will also offer YouTube TV promotions to customers across platforms.

“With this partnership, we’re making it simple and seamless for Verizon’s customers to sign up to enjoy YouTube TV on-the-go on their mobile phones or tablets or at home on their big screen devices,” said Heather Rivera, global head of product partnerships at YouTube.

YouTube TV offers cable-free live TV that can be watched on any screen (phone, tablet, TV, computer). It includes more than 70 networks such as ABC, CBS, Fox and NBC, in addition to cable networks HGTV, Food Network, TNT, TBS, CNN, ESPN, FX and on-demand programming.

A YouTube TV membership includes six accounts per household, each with its own unique recommendations and personal DVR with no storage space limits.

Verizon More Than Doubles Q1 Video Subscriber Losses

Verizon dreams of a 5G future while stuck in pay-TV reality.

The nation’s largest wireless carrier April 23 reported it lost 53,000 Fios TV subscribers in the first quarter, ended March 31. That compared to a loss of 22,000 video subs in the previous-year period.

Verizon ended the period with 4.39 million Fios TV subs compared to 4.59 million subs last year — down 199,000 net subs, or 4.3% from 2018.

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The company attributed the decline to ongoing consumer migration away from linear pay-TV to over-the-top video platforms.

While Verizon Internet connections increased 3.4% to 6.1 million from 5.9 million, broadband connections fell nearly 19% to 854,000.

The company ended the period with 6.97 million broadband connections, up 0.1% from 6.96 million subs last year.

Separately, Verizon Media, which includes Yahoo!, HuffPost, TechCrunch, Engadget, Makers and other brands, saw revenue drop more than 7% to $1.8 billion – largely due to declines in desktop advertising revenue offsetting gains in mobile ads.

Regardless, CEO Hans Vestberg touted Verizon’s “leadership” position in 4G and ongoing “innovation” in 5G wireless technology.

Rollout of branded OTT video products remains notably absent following last year’s $1 billion write-down of Go90, Verizon’s short-lived mobile video app.

“We are leading the world in the development of new technologies with the launch of our 5G network,” Vestberg said in a statement. “Our ambition remains unchanged to provide the most advanced next-generation networks in the world.”

 

Verizon Lost 168,000 Fios TV Subs in 2018

Verizon Communications Jan. 29 reported it lost 46,000 Fios TV subscribers in the fourth quarter (ended Dec. 31, 2018), reflecting the ongoing secular shift from traditional linear pay-TV to over-the-top video offerings. The telecom lost 29,000 video subs in the previous-year period.

Verizon ended 2018 with 4.45 million Fios Video subscribers, down 3.6% from 4.61 million subs at the end of 2017.

“We expect legacy product revenue to continue to decline in 2019 at rates consistent with last year,” CFO Matt Ellis said on the fiscal call.

Meanwhile, Verizon added 217,000 broadband subscribers – underscoring consumer demand for high-speed Internet service in an era of online TV and OTT video services such as Netflix, Amazon Prime Video and Hulu.

The telecom also continues to push 5G, the next-generation faster mobile network technology. The company (along with AT&T) claimed the first commercial and residential rollouts of 5G networks, despite the limited supply of compatible 5G smartphones on the market.

“As we head into 2019 and the 5G era, we’re beginning a period of transformational change,” CEO Hans Vestberg said in a statement. “We are laser focused on delivering customers a best-in-class and game-changing experience on our networks.”