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Sony has announced that media streaming service PlayStation Vue will close early next year.

Sony Interactive Entertainment has issued a statement on the PlayStation blog announcing the closure of TV and movie streaming platform, PlayStation Vue. The service will end on January 30, 2020.

In the statement, John Kodera, deputy president for SIE, says:

“Today we are announcing that we will shut down the PlayStation Vue service on January 30, 2020. Unfortunately, the highly competitive Pay TV industry, with expensive content and network deals, has been slower to change than we expected. Because of this, we have decided to remain focused on our core gaming business.

“We are very proud of what PlayStation Vue was able to accomplish. We had ambitious goals for how our service could change how people watch TV, showcasing PlayStation’s ability to innovate in a brand-new category within the Pay TV industry.”

PlayStation Vue was launched in 2015 with the aim of combining existing cable TV, on-demand video and catch-up services. The service featured content from Time Warner, NBC, the BBC, Disney and ESPN among many other providers but it struggled to break through to a mainstream audience despite a range of innovations.

It was reported earlier this week that Sony was seeking a buyer for the service which currently has in the region of 500,000 subscribers.

Via: PlayStation Blog

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