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Report: Verizon's online TV service hitting snags

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Report: Verizon's online TV service hitting snags

Verizon Communications Inc.'s plans to launch a new online TV service are facing delays, Bloomberg News reported Aug. 10, citing sources with knowledge of the matter.

Sources said the carrier has so far been unable to close deals with many of the most-watched networks and the planned launch has been delayed until fall and could be delayed further. The company was originally planning to launch the service later next month.

Internal discussions regarding the specifics of the service and executive turnover on the company's video team also are part of the reasons for the delay.

According to the report, Verizon is still working out details such as pricing, programming and development of technology.