Verizon unplugs the plug of his mobile video service go90 (Disclosure: Verizon owns Oath, owned by TechCrunch). It was a big investment for the telecommunications company. After a big start in October 2015, the service never really found its audience.
"After the creation of Eid, is set to go90 ," Verizon Reuters said in a statement. "Verizon will focus on developing its premier digital brands in sports, finance, news and entertainment for tomorrow's mobile consumers and tomorrow's 5G applications."
According to Digiday, Verizon could have spent up to $ 1.2 billion on content purchases for the service. The company acquired Vessel, bought a stake in AwesomenessTV, and bought distribution rights to vice media shows
You may recall that Kobe Bryant received an Oscar for a short film earlier this year. "Dear Basketball" is distributed online via go90. Apart from that, I can not really call something memorable on go90.
While go90 was initially a Verizon project, it later became Oath, the Verizon subsidiary that emerged from the merger of AOL and Yahoo. It sounds as if Oath will be in charge of all content projects from now on.