Sony to Shut Down Playstation Vue Live TV Streaming Service

“Unfortunately, the highly competitive Pay TV industry, with expensive content and network deals, has been slower to change than we expected,” Sony says

Sony will be shutting down Playstation Vue, its live TV streaming service, the company said in a blog post on Tuesday.

In the post, Sony said it had “ambitious goals” for how it could change the TV viewing experience when Vue first launched, but it was unable to keep up with rising content costs.

“Unfortunately, the highly competitive Pay TV industry, with expensive content and network deals, has been slower to change than we expected,” the company said. “Because of this, we have decided to remain focused on our core gaming business.”

Sony recently looked to raise subscriber fees to offset its costs, bumping its basic package up from $45 to $50 per month in July.

Vue will officially shutter on Jan. 30, 2020, the company said. The move comes nearly five years after Sony launched the service.

Vue was a forerunner to YouTube TV and Hulu’s live TV package but has failed to grow at the same pace. According to eMarketer data, Vue hit 800,000 subscribers in May; Hulu surpassed 2 million live TV viewers earlier this year, while YouTube TV hit 1 million subscribers in early March.

Sony’s announcement comes a month after Disney renewed its carriage deal with Vue, bringing several channels, including ABC, ESPN and Disney Channel to the platform. Sony said that it’ll continue to focus on its “core gaming business” following Vue’s shutdown.

Sony will share its Q3 financial report early on Wednesday morning.

Sean Burch

Sean Burch

Tech reporter • sean.burch@thewrap.com • @seanb44 



Oops! This is for WrapPRO members only, please sign up or login to view. Oops! This is for WrapPRO members only, please choose a plan to continue.

Join WrapPRO for Exclusive Content, Full Video Access, Premium Events, and More!
For Only $1/Day Members Access:
Icon
In-Depth Coverage
  • Up to 10 exclusive members-only stories a week
  • Awards Editor Steve Pond’s weekly take on awards season
  • TV Editor Tony Maglio’s in-depth TV ratings column
  • Entertainment industry analysis and deep-dive features
  • Daily WrapPRO newsletter covering the latest industry news
Icon
Exclusive Video
  • Access to full length Members-Only Video archive
  • Video of notable sessions from TheWrap Events (TheGrill, Power Women Summit)
Icon
Vip Access
  • Priority seating for TheWrap's Screening Series with stars and filmmakers (up to 30 min prior to film start time)
  • Access to "chill spots" at select industry events Sundance, TIFF, Newfronts and more
  • Access to exclusive invite-only events
Icon
Resources
  • DataBank showcasing key stats and streaming video trends in the OTT market
  • In-depth entertainment industry research and whitepapers