Viewing 'Diversification' Led to Sony Plans to Stop PlayStation Vue Streaming
The PlayStation Vue streaming service gave viewers a "differentiated" experience since launching in 2015, said Chief Financial Officer Hiroki Totoki in scripted remarks to analysts in Tokyo Wednesday. "Diversification of viewing styles and an intensification of competition" prompted Sony's recent…
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decision to terminate the service Jan. 31 (see 1910290051), he said. "We aim to wind down the service in a deliberate manner to minimize any inconvenience to users." PlayStation 5 development "is progressing according to plan" toward a launch in time for holiday 2020, said Totoki. PS5's introduction will be "the most important step in strengthening the PlayStation platform," he said. Sony expects to sell 13.5 million PS4s this fiscal year, down 24 percent from the year earlier and a 10 percent downgrade from July's forecast.