Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Verizon launches new mobile video service 'go90'

Published 10/01/2015, 12:22 PM
Updated 10/01/2015, 12:28 PM
© Reuters. A woman is cashed out at a Verizon store in New York's financial district

(Reuters) - Verizon Communications Inc (NYSE:VZ) launched its new mobile video app "go90" on Thursday, looking to corner market share in the mobile ad industry dominated by Google Inc (NASDAQ:GOOGL) and Facebook Inc (NASDAQ:FB).

The free, short-form video service will drive revenue from data usage and targeted advertising from well-known brands.

"At launch, there are over 8,000 titles available to go90 users as well as over 35 exclusive original series, which will nearly double by year's end," the company said in a statement.

The No. 1 U.S. wireless carrier last month launched a trial of the service, which offers live events, on-demand shows and videos.

Companies such as Netflix Inc (NASDAQ:NFLX) and Hulu, which offer Web-based video services, have put pressure on traditional pay-TV companies that are struggling to add viewers.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.