Verizon CEO says to launch Web TV product in 2015

In January, Verizon bought an Intel Corp venture to create a web-based TV service. The move raised expectations that a viable alternative to cable TV service could finally become a reality. Competition to create such a service has been intensifying lately, with Sony Corp, Dish Network Corp and DirecTV developing similar products. […] Intel and others have struggled to lure content from media companies who prefer to sell bundles of channels to cable and satellite companies. But [Lowell C. McAdam,Chief Executive Officer] expressed optimism that broadcast and cable TV networks will agree to provide programming for such an “over-the-top” service. – Sam Adams & Christian Plumb,Reuters
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